Tom Walker wrote:
>
> Bill Lear asked,
>
> >Has anyone analyzed the impending bailout of the airlines in the wake
> >of the massive firings?
>
> The U.S. industry is seeking $24 billion. Air Canada is asking for
> "$3-$4 billion". I would say this is only the beginning.
>
> It would make most sense to let the airlines down slowly (the soft
> landing?) and put more money (a lot) into high speed rail for medium distance
> travel.
What was that idea about burying a heap of money and getting a heap of people
busy finding it and digging it up? I think those who are hanging on to stocks
or talking up 2002 bounces are as much as admitting emergency scatter-gun
pump-priming has gotta be next. So I add to Tom's list of passe bleats, 'the
free market'. To paraphrase poor partly prescient Rosa, ersatz socialism or
barbarism ...
Cheers,
Rob.
