Capitolism

[que90nek]

Does capitolism mean that the government should bail out Continental Airlines so that they don't have to lay off 12000 employees? If capitolism is guaranteeing success...WHERE IS MINE?

[HulaSista]

mmmmmm...i gotta think about it...

cause i want mines too...

yet...

bail out?....bail out...bail out...bail.....out.....

i guess...because i know no one who works for the contenintial (sp) airlines...i say no...

i know someone who works for united...and says yes....

at the same time...he is a brotha who can handle his and has done good to prepare for hard times. so...sense i feel that, he, and i and you and she should all basically be doing the same anyways, then, if the airlines have to do so...then let them do so...

yet...

bail out...corporate america...just so it can come outta my pocket in the long run? i am expected to manage my companies money like it is my own because i am a part of the esop...yet...when it comes to our national budget, my part in managing that budget, like its my own, counter weights against what my elected representives may agree to do, although, when i elected him, i choose he/she to make that decision on my behalf.

uh...don't do it...

no body told them to lay off employees...and they should have been payin on some kind of insurance to handle this stuff.

if the WTC had insurance against, terrorism, then, why not anyone else?


:hammer

[CD]

I think it is appropriate to provide Continental and other airlines in general with some type of aid. Maybe in the form of stock options that an’t worth jack right now, like Chrysler in the old days. Also, I think(correct me if I'm wrong) but Continental is one of those corperation's which is largely owned by it's employees.

I thought about this and IMO its more efficient to help Continental stay afloat from a government stand point.

My reasoning is why would you want to have all those employees hitting the pavement only to collect un-employment insurance as well as other government benefits which you have no chance of getting back, when you can try to keep the multi national corporation afloat with a chance of getting all your money back. Also the move keeps those employees from being out of work. Presently the economy is viewed as slowing down affecting a predictable upturn in unemployment. If the airline fails, the fallout may have a much farther impact than anyone can predict. Think of all the other related business that will be affected by the airlines demise. In light of the current events I would do all I can to keep the economy from faltering.

[que90nek]

ya'll are thinkin!!!!

very good CD...you are correct...imagine...the impact...if all the airlines laid off 12k a piece...you got a lot of people gettin welfare or assistance...and you have people takin their money out of the stock market....

but is it fair...perhaps that CEO of continental who makes 1000 times what the average person in his company makes...should reduce some of those executive salaries....instead...

why cut the jobs at the bottom?

but let's expand this further than just airlines....i hear insurance companies are askin for a hand out too....farmers do it...too....is this what the american way is?

[CD]

Why does the CEO have to take less? I heard the same thing about Iacoka(sp). The job an't 9-5 for sure. That job is all consuming. If the airline goes south who the hell is going to hire him. I wouldn't feel to bad myself for him, but that’s why he or some CEO's make the big bucks. That an't no government job, shit he can get the axe anytime. It's like any big time sport, he can only make as much as someone is willing to pay him.

The airline industries is directly impacted by the WTC tragedy. Continental is the most direct since its main hub is in New Jersey. I think things will change do this extraordinary event. Insurance will go up for airlines since they will be require to deal with these types of events going forward. The WTC tragedy is a precedent. Now say if oil prices shot through the roof then I would say hell no to a bail out since that's not an extraordinary event.