Struck by the demand shock incurred by the coronavirus, the airline industry bent the knee to beg for a $50 billion government bailout, and like any good bloated government, the Trump administration has agreed to give it to them. As a part of the White House’s planned $850 billion bailout package, President Trump plans on giving some $50 billion to the airline industry.
Given our crippling $22 trillion national debt, this is an outrage. But even without small businesses on the verge of collapse and low-income earners forced into self-quarantine, bailing out the airline isn’t just theoretically antithetical to any semblance of free market principles. It’s just entirely unnecessary, especially in a time of mass pandemic.
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