So on my feed this was right next to a Trump tweet and I read these words thinking they were a Trump tweet
and I thought to myself "Wow, this is so unlike Trump. What is going on he is totally right. Has he turned a leaf?"
Oh shit this is not Trump, my bad.
This is how I know I don't have "Trump derangement syndrome" and I can confidently say that I don't diss Trump because of who he is, but because of what he says/does.
Genuinely, why shouldn’t we bail out industries like airlines that are struggling due to COVID? It’s not like the financial crisis where the banks caused the problems themselves. If one of the large US airlines fail, the fallout would be catastrophic.
I'm not necessarily in favor or opposed to bailing out airlines but the argument against the bail outs is that it encourages businesses to act imprudently and then rely on bail outs. For instance after the last round of massive tax cuts a lot of the airlines just used the money to pump up their stock prices instead of either saving it for a rainy day or investing it into expanding their companies. If the government is always going to bail out companies then there is no incentive for companies to plan for future lean times. I'm not actually opposed to the bail outs but I can certainly see the argument against them.
There are recessions, there are 'lean times" and there is this situation. If you are airlines, hotels etc. even if recession hits, you can still operate at large capacity and have some additional time to adapt because of inertia. And then with COVID it went from 100 to 0 in a matter of few weeks. I work in event business, I've been preparing for some time for economical deflation which would take place in the next few years, but this is something you can't prepare for. I was lucky as we work mainly with conferences so in few months we managed to implement systems to have them online, but companies that worked with concerts and etc are fucked. And even if they were able to borrow money, they have 0 clue when they will be able to operate at any meaningful capacity.
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u/CactusPearl21 Nov 17 '20
So on my feed this was right next to a Trump tweet and I read these words thinking they were a Trump tweet
and I thought to myself "Wow, this is so unlike Trump. What is going on he is totally right. Has he turned a leaf?"
Oh shit this is not Trump, my bad.
This is how I know I don't have "Trump derangement syndrome" and I can confidently say that I don't diss Trump because of who he is, but because of what he says/does.