Re:America's bailed-out airlines are not 'playing fair' with...
by reilly3000 on Saturday March 28, 2020 @03:46PM
(#22713815)
Right but they maintained a whole tax producing economic center including (probably) corporate taxes and income tax on hundreds of thousands of wages from the companies themselves and their suppliers. Breaking even on a bailout is pretty phenomenal given the broader implications.
Re:America's bailed-out airlines are not 'playing fair' with...
by Retric on Saturday March 28, 2020 @03:51PM
(#22713839)
That assumes they had no leverage and no other options. Raising the rates by say 4% and companies would still have taken the money and the economy would have reacted in the same way.
Re:America's bailed-out airlines are not 'playing fair' with...
by hobs on Saturday March 28, 2020 @03:51PM
(#22713843)
You're missing the opportunity cost of doing twice as well?
Re:America's bailed-out airlines are not 'playing fair' with...
by deminature on Saturday March 28, 2020 @04:31PM
(#22714098)
The TARP is still projected to net a $121bn profit for the taxpayer. Only a portion of loans have been returned to the government currently.
Re:America's bailed-out airlines are not 'playing fair' with...
by Anon1096 on Saturday March 28, 2020 @03:58PM
(#22713876)
You're assuming that the s&p would have done well had the government not enacted TARP. It's pretty agreed upon by economists that the bailouts of the GFC saved us from financial collapse.
Do you have some examples where the government made these returns?