Loren Steffy on the Obama regime’s coming airline fascism:
It’s unlikely that lawmakers and the administration, facing stubborn unemployment numbers, are going to allow tens of thousands of airline workers — many of whom are unionized — to lose their jobs. Expect, at the least, government-backed loan guarantees to help carriers shore up their balance sheets with fresh capital.
None of this will solve the airlines’ problems, merely perpetuate them. The airline industry has long cheated the consequences of competition.
If Washington really wanted to help, it would do nothing. It would turn a deaf ear to the pleas of the beleaguered carriers, allowing the chance that maybe, just maybe, one or two of them will actually stop flying and enable the surviving airlines a shot at sustained profitability when the recession’s over.
It’s time to stop the insanity. In the airline industry, failure isn’t an option, it’s a necessity.
As with the automobile, insurance and bankster industries…