President Bush Rejects $3 Billion Airline Giveaway | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-04.22.24

Airborne-Unlimited-04.16.24

Airborne-FlightTraining-04.17.24 Airborne-AffordableFlyers-04.18.24

Airborne-Unlimited-04.19.24

Join Us At 0900ET, Friday, 4/10, for the LIVE Morning Brief.
Watch It LIVE at
www.airborne-live.net

Thu, Apr 03, 2003

President Bush Rejects $3 Billion Airline Giveaway

Not on Principle -- His Objection is to the Amount

Ari Fleishcer, speaking for the President, told reporters Wednesday, "The administration does not oppose some assistance for the airlines, but given the economic facts on the ground we believe that the level of airline assistance recommended by the House and the Senate committees are (sic) excessive." That means that the Administration (the President) doesn't mind giving taxpayer money to airlines; he just doesn't think this is the right time to give away so much.

The House proposal would have funneled $3.2 billion into the amazing shrinking airline industry; the Senate was trying to give away three hundred million dollars more than that.

Fleischer added, "It's important for tax dollars to be used in a way that recognizes any additional burdens that the airlines have incurred as a result of the war, not as a result of previous existing factors in the economy that affected the airlines."

In plain English, Ari is saying that the President thinks that, if the US-led war, per se, were to hurt that particular industry, then certain players in that industry should get paid for their inconvenience; but that the industry's own problems don't merit another taxpayer bail-out.

Fleischer did not mention what other industries should expect taxpayer monies, once the airlines are helped by some 'appropriate' amount; nor did he say if additional monies would be justified, should the war go on longer than some indeterminate amount of time; nor did he mention why an indefinitely-continued overcapacity (tying up assets in unprofitable enterprise), in any industry is a good thing, worthy of taxpayer support and official encouragement.

FMI: www.whitehouse.gov

Advertisement

More News

ANN's Daily Aero-Term (04.25.24): Airport Rotating Beacon

Airport Rotating Beacon A visual NAVAID operated at many airports. At civil airports, alternating white and green flashes indicate the location of the airport. At military airports>[...]

ANN's Daily Aero-Linx (04.25.24)

Aero Linx: Fly for the Culture Fly For the Culture, Inc. is a 501(c)(3) non-profit organization that serves young people interested in pursuing professions in the aviation industry>[...]

Klyde Morris (04.22.24)

Klyde Is Having Some Issues Comprehending The Fed's Priorities FMI: www.klydemorris.com>[...]

Airborne 04.24.24: INTEGRAL E, Elixir USA, M700 RVSM

Also: Viasat-uAvionix, UL94 Fuel Investigation, AF Materiel Command, NTSB Safety Alert Norges Luftsportforbund chose Aura Aero's little 2-seater in electric trim for their next gli>[...]

Airborne 04.22.24: Rotor X Worsens, Airport Fees 4 FNB?, USMC Drone Pilot

Also: EP Systems' Battery, Boeing SAF, Repeat TBM 960 Order, Japan Coast Guard H225 Buy Despite nearly 100 complaints totaling millions of dollars of potential fraud, combined with>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC