Robert Reich @RBReich: The biggest U.S. airlines spent 96% of free cash flow over the last decade

[BeckyDem]

Link to tweet

[empedocles]

1. Widespread scam. Hopefully the House will do . . . something about this?

[rampartc]

2. the house will give them the money

big corporate socialism is bipartisan.

[BeckyDem]

5. Yep.

And the young should stop trying for a political revolution. They don't need that either.

[gibraltar72]

3. Nothing has changed.

[enough]

4. And won't. NT

[LiberalFighter]

6. Executive pay and bonues need to be controlled.

[gristy]

7. I'd have no problem with this if the gov't got preferred stock in return.

The house could certainly write in that requirement. Make the Senate R's reject it. Preferably in a vote.

[oldsoftie]

16. Hey, why not? At these low prices the govt could profit big when prices return to normal

[OhNo-Really]

8. No bail out for Bob's Deli though

Let the airlines sell those shares

So sick of corporate welfare.

What’s it called when multi-national corporations own a country?

[BeckyDem]

9. Criminal.

[lagomorph777]

23. Multifascionalism

[OhNo-Really]

28. 🥴. Good one

[Under The Radar]

10. All corporate aid should be in the form of loans

two weeks ago Corp America was the strongest in the history of the world, yet they use a crisis to once again rob the treasury.
People please wake up.

[patphil]

11. Unfortunately we can't afford to see the airline industry crash and burn.

Pun intended.
It's like when they bailed out the financial institutions and the auto industry; a necessary evil.
But that bailout money was paid back.
We need to require that of the airline industry also, if we give them money to keep going through this crisis.

[oldsoftie]

17. I agree. We cant ruin 100s of thousands of jobs just to prove a point.

but there SHOULD be some form of payback in whatever bill is brought forward

[MissMillie]

12. Not the first time a tax cut went for stock repurchase

Probably won't be the last.

I'm not a big fan of tax cuts for big business, but seriously, if we WANT them to spend it on employees (pay, benefits, training), equipment improvements, technology improvements, etc... then after we give them the carrot, they have to get the stick of they don't follow through.

Use your big cut for stock repurchase, then next year you pay back 5X whatever cut you got.

Seriously, it's not as though these business have a history of doing the right thing.

[JT45242]

13. Bail out vs loans and the (R) lies

Auto industry -- was LOANED money by Obama and paid back every dollar (D)

Bank industry -- was BAILED out by Bush and squandered every dollar (R)

Farm industry -- was BAILED out by Trump because of Trump's created crisis and over 85% went to massive corporations who will never pay it back (R)

We could go on and on ... welfare is OK if it is for large corporations -- and done by an (R). But if a LOAN comes from a (D) ... it is bad.

If they need a loan, they can pay it back. They will have to make smarter choices like the auto industry did. That is how I want to see my tax dollars used.

After, of course, income replacement for the Americans who make less than pick a reasonable number that still leaves you in the middle-ish class like $175K for a family. No free money to these blood sucking corporations who haven't built a war chest for a crisis.

[nature-lover]

14. The airlines, then the cruise lines and then his hotels.

[Flaleftist]

15. Hotels.

Watch Trump get money for his properties that were already about to go under.

[DENVERPOPS]

25. I can only imagine

if his hotels/empire crashes and goes bankrupt, that his spawn: Ivanka/Jared/Donnie Jr. will reach out to Putin to finance them buying the whole bunch for pennies on the dollar...........

And, get a few extra bucks from Putin for Ivanka to run for President

[Ponietz]

18. The only good thing about this situation is that carbon emissions are way down

We need to keep it that way. No bailouts for mass polluters.

[spanone]

19. Funny how republicans can be 100% fine with certain kinds of SOCIALISM

The kind of SOCIALISM that fills their coffers

[BeckyDem]

20. For decades I have been watching this mess. Its totally out of control.

Corporate welfare is OK.

[fierywoman]

21. $50B could go toward giving every American adult $1,000.

[DENVERPOPS]

26. of course there would be no "means testing"

so all those earning over 50K would get it too.........

[Roland99]

24. Privatize the profits. Socialize the losses. Same as it ever was.

[MacKasey]

27. Make them pay it back

WITH INTEREST!

[BComplex]

29. Socialism for corporations.

That's exactly what this is.

[crickets]

30. Let your Congresscritter know how you feel about it

https://www.house.gov/representatives
https://www.senate.gov/general/contact_information/senators_cfm.cfm

[BeckyDem]

31. Thanks!