Tuesday, March 17, 2020

Airlines Seek $50 Billion Coronavirus Aid Package

Reeling from the coronavirus crisis, U.S. airlines are seeking over $50 billion in financial assistance from the government, more than three times the size of the industry’s bailout after the Sept. 11 attacks, reports The Wall Street Journal.

The exact form of the aid—and the amount—is under discussion with Trump administration officials and congressional leaders. A potential aid package could include government-backed loans, cash grants and other measures including relief from taxes and fees, according to an airline trade group and others familiar with the discussions.

“We’re going to back the airlines 100%,” President Trump said at a news conference Monday. “We have to back the airlines. It’s not their fault.”

And this is just only one sliver of the sectors that are seeking bailouts. Not to mention bailouts for small businesses and individuals who aren't eligible for unemployment payments such as free lancers.

The price inflation on the other side of this panic is going to be epic.



  1. Casinos want a bailout too. Good grief.
    And to think it all started with, essentially, a "bailout" for the elderly and unhealthy among us, in the form of forced shutdowns, quarantines and travel bans levied upon the rest of us.


  2. Still in the “We need to shut down the country, ruin peoples lives, kill millons later when the politicans can’t be directly blamed, becuase JUST ONE LIFE IS WORTH IT!” crowd?

    I suggest you read this:

    “Seems the president of the Italian Higher Institute has some smarts. He understands that people who already have other serious health conditions, which have nothing to do with COV, can and do die from those other conditions, regardless of the fact that they’ve tested positive (on useless tests) for COV. He gets it. I predict a great future for him. If he keeps shooting his mouth off, he might find himself working as a weed puller in a forest. Or he might suddenly be diagnosed with the virus and find himself in isolation.

    Grit your teeth and plow through this piece from Rome, 13 March 2020, Agenzia Nova: “Coronavirus: ISS [Italian National Institute of Health]: in Italy there are only two deaths ascertained so far due to Covid-19” (Italian, English)

    “There may be only two people who died from coronavirus in Italy, who did not present other pathologies.

    This is what emerges from the medical records examined so far by the Higher Institute of Health, according to what was reported by the President of the Institute [Istituto Superiore di Sanità (ISS), Italian National Institute of Health], Silvio Brusaferro, during the press conference held today at the Civil Protection in Rome.

    ‘Positive deceased patients have an average of over 80 years – 80.3 to be exact…The majority of these people are carriers of chronic diseases. Only two people were not presently carriers of [other non-COV] diseases’, but even in these two cases, the examination of the files is not concluded and therefore, causes of death different from Covid-19 could emerge.”


  3. Right after the CEO of Boeing resigned with a $60,000,000 bonus for a job well done. This stuff pisses me off.