You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #22: They already did... [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
leeroysphitz Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 11:24 AM
Response to Reply #1
22. They already did...
How the US airlines got their $15 billion bailout

The intimate ties between corporate America, the Bush administration and the two main political parties were illustrated in sharp relief last month by the speed with which Congress passed the bailout of the airline industry. Less than two weeks following the September 11 terror attacks the airlines had secured $15 billion dollars in federal money, with none of it going to the thousands of airline workers who have lost their jobs and seen their benefits slashed.

Only the day after the attacks, the airlines sprung into action. Their lobbyists converged on Capitol Hill to convince Congress that the industry needed billions of dollars. In fact, they argued that the very survival of America was dependent on the injection of huge sums of federal money into the airline companies’ coffers. Senator Peter G. Fitzgerald (R-Illinois), the only senator to vote against the bailout package, told the New York Times: “The airline industry made a full-court press to convince Congress that giving them billions in taxpayer cash was the only way to save the republic.” He described the airlines’ lobbying efforts as “masterful.”

The airlines have a powerful lobby in Congress, including 27 lobbyists working directly for the airlines and another 42 from Washington firms. Included among them are former White House aides, transportation secretaries and retired congressmen. Haley Barbour, a former Republican National Committee chairman, and Rebecca Cox, a former Reagan administration official and the wife of Representative Christopher Cox, a California Republican, were also on board for the airlines’ cause.

Linda Hall Daschle, the wife of Senate Majority Leader Tom Daschle, is a lobbyist for American Airlines. While reportedly avoiding her husband and Senate Democrats in her lobbying efforts, Ms. Daschle campaigned vigorously among House Democrats for the bailout.


http://www.wsws.org/articles/2001/oct2001/air-o18.shtml


Now if you do the math 1100 bucks per person looks inaccurate since the cost per U.S. is actually closer to $60 (check my math...)However, since it is a safe bet that no wealthy people actually paid their fare share of the countries tax burden who knows how much you and I really paid?
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC