September 28, 2001
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It’s Not Unpatriotic To Say This
Flying Pork Barrels – The airline bailout enriches stockholders at the expense of taxpayers. by Steven E. Landsburg
“So, what does the airline bailout accomplish? One thing and one thing only—it enriches the millions of people who own airline stocks at the expense of the millions of others who don’t. And in the process, it undermines the very principles that we uphold and our enemies want to destroy.”
Comments (4)
Now, this is just HILARIOUS. I own airline stock, and I’m here to tell ya, it’s still in the basement. No enrichment going on here.
What the bailout does is save a business that was floundering anyway, and make it more handy for you and me to fly to visit each other and have a beer.
But I can’t buy you a beer with my airline stock money, ‘cuz it’s all gone. Honest.
Oh, another thing the bailout accomplishes… it lets thousands of people keep their JOBS so they can feed their families. Minor detail, of course, but what the heck, thought I’d throw it in.
LOL Sadzi!
Actually, it doesn’t do any such thing, sadzi. They’re already laid off.
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