This will give United Airlines a total of $9.5 billion from us saps, the US taxpayers. This is like getting a transfusion into your left arm with blood from your right arm. So all that debt and money from the rest of the people who are out of work and can't afford to pay rent this month will go into more debt, more inflation, to save United Airlines. This is money wasted that is now off the table for better uses comes from taxpayers who would be spending it later on airlines who are more successful. Too big to fail, again. We're rewarding losers, instead of allowing the recession clean out the less productive companies. The fact is airlines will now be competing for the smaller number of passengers left. Some airlines have to go bankrupt. There isn't enough business. Are we going to keep propping up zombie businesses?
They should be left alone, and let other more successful airlines buy up the remains. That's why we have bankruptcies. That's how capitalism is suppose to work. They believe in capitalism when they're making money but socialism when they're losing it. Where's the risk you're suppose to take when you invest? No one's reimbursing me for my bad investments. Multiply this over and over and it's just plain nuts. The economy no longer justifies all these businesses. The same with the small mom and pop businesses. We're giving them our blood and a huge percentage will never reopen. It's pouring valuable resources down the drain and making it harder for the overall economy to recover as well as making it longer to do so. The damn election has made everyone stupid, especially republicans who should know better.
They've learned the wrong lesson from the 2008 recession. After all the knocks for bailing out just the rich, they now want to bail out everyone. Wrong! It was to let the failed companies fail regardless of size.
United Airlines posts $2.1 billion loss on coronavirus hit, seeks more federal aid
https://www.cnbc.com/2020/04/20/united-airlines-ual-posts-1point2-billion-loss-amid-coronavirus-seeks-more-federal-aid.html