Airlines are begging for a bailout, but they've used 96% of their cash on buybacks over the past 10 years. It highlights an ongoing controversy over how companies have been spending their money.

The Trump administration has responded to the airline industry's request and proposed a $50 billion bailout as part of its massive $1 trillion stimulus package. The ultimate goal is to jolt the American economy by flooding it with cash.

In the process, they've drawn criticism for how they've boosted shareholder returns without directly helping businesses. The activity is central to a broader discussion about how companies use their cash — and whether they should be doing something different. He added:"It might have invested heavily in better service quality to try to repair its longstanding reputation as the worst of the major carriers."

Even some Republicans came out against the idea of the government coming to the rescue of the battered airline industry.

Yahoo And they're about to get another load of free cash.

Which is WHY THEY DO NOT NEED ANY MONEY FOR A BAILOUT...after bailing them OUT they should have ample money on reserve

and now they want a bailout.

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Column: In coronavirus bailouts of big business, here's what we should demand in return'The public, through its political leaders, has unprecedented leverage over corporate America in this crisis. Let’s use it,' writes columnist hiltzikm. hiltzikm hiltzikm Is this The Onion? hiltzikm America and Europe also need to declare a new emergency, instal faucet heads at all places immediately. Wiping ass with tissues could also spread viruses. Do not only preach cleanliness but also adopt it. Presidential orders should be issued immediately
La source: latimes - 🏆 11. / 82 Lire la suite »

Congress Allocates $2 Trillion To Bail Out Struggling Bailout IndustryWASHINGTON—In order to alleviate the heavy damage the crucial financial sector is facing in the midst of the ongoing Covid-19 outbreak, the United States Congress announced Tuesday that they would be allocating $2 trillion in order to bail out the struggling bailout industry. “The bailout industry is on the brink of failure, so in order to prevent a full-on catastrophe, we are setting aside $2 trillion in order to bail it out,” said Senate Majority Leader Mitch McConnell (R-KY), adding that the business of giving of massive sums of money to corporations so they can cover their losses is at the very bedrock of the U.S. economic system, and without assistance, the entire bailout industry as we know it could collapse, which could lead to another Great Depression. “During a crisis like this, the bailout industry is often hit the hardest, so we are taking immediate action, as our economy is deeply dependent on the bailout system; if bailouts can’t function, then America can’t function. A cash injection is absolutely necessary to make sure these failing businesses can inject cash into failing businesses.” At press time, Congress had signed a bill to allocate funds to bail out their bailout of the bailout industry. The thing is, this actually sounds like something the government would do Haha it was only a matter of time 🤷🏼‍♂️ yang1000s Byeeee lol
La source: TheOnion - 🏆 724. / 51 Lire la suite »