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So far only 10% of the population has been vaccinated. Do you want to start over with new variants of the Coronavirus?
Those businesses have been closed for many months.
Trump's Coronavirus bill basically bailed out large corporations. It is time we support the small businesses of America that most likely pay taxes!
Quote:
As Congress rushed to provide economic relief to US businesses, it also sent money to companies that did not critically need financial aid. More than 300 publicly traded companies received payments. Indebted fossil-fuel producers have been among them. At least one company used its aid to benefit wealthy, private jet-owning clients. Small businesses, meanwhile, say they have struggled to gain access to the loans.
Most of those 13,000 workers are not working now. American still pays them their normal paycheck but they do not have to show up for work. This is due to the lack of need for them to work and pandemic social distancing.
Lots of people are getting paid their full paychecks to sit at home. The bailout money should mean returning people to work instead of keeping them at home.
You obviously know nothing of economics, business, nor how markets work. Artificial, Government intervention is often harmful in the long term. At the huge cost to the taxpayer.
gas prices will go up a $1 a gallon this year, already up 50 cents and it's only March, forward your covid checks to Exxon/Mobil ....lol
The oil companies already got a HUGE bailout from trump's covid relief bill. Go figure!
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Now the Trump administration is spending billions of dollars in COVID-19 relief money to bail out the oil industry. Many of the oil companies in Nelson’s neighborhood—as well as virtually every one of the largest operators in Colorado—are reaping tens of millions of dollars in pandemic recovery benefits, among the billions of dollars obtained by the industry nationwide.
Quote:
Plans for oil-industry-specific bailouts were effectively shut down by congressional Democrats. But, with help from congressional Republicans, billions of taxpayer dollars are flowing to the industry. The money is providing a clear lifeline to companies that were long-distressed prior to the pandemic. It is hard to see lasting benefits for workers, however, as many of these same companies slash jobs and benefits.
Is there a provision to prevent them from using it for things like share buybacks??
Yes! SEC. 7301(D)(ii)
Quote:
(ii) refrain from purchasing an equity security of the air carrier or the parent company of the air carrier that is listed on a national securities exchange through September 30, 2022;
Airlines are currently hurting due to COvid mandates. Save 13,000 jobs not by giving them free money, but by removing the mandates. Biden is not a hero in any which way, shape or form. I have friends that are airline pilots and they say the restrictions the Govt has imposed are the airlines biggest threat.
What specific government COVID mandates are there on the airlines?
I do know that airlines are suffering because US citizens have been banned entry by many other countries thereby reducing the airlines schedule. Then, of course, many have chosen not to fly during this pandemic.
What do you know as far as these government imposed mandates?
Everyone knows that Biden is killing jobs and will tank the economy.
You don't kill the energy sector, cause a 50% increase in gas prices, and expect jobs to be created. Further, flooding the nation with cheap slave labor helps no one.
The Democrats did want to put an increase of minimum wage to $15/hr but I believe the GOP managed to kill that.
And what about when that money runs out are we going to subsidize the airline industry forever or maybe those that lose their jobs could get jobs building solar panels or windmills, you know like the Keystone pipeline workers.
You can't let millions of Americans and their jobs fail because you are still bitter about the "risk taking" Keystone pipeline.
You gotta move on and leave any negative attitudes, that are holding you back, behind.
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