The recent bailouts are deemed necessary because the business involved has become large enough to threaten the well being of the country's economy. Oh yes, it matters how they got there and the schleps involved should be held accountable and maybe some oversight rules changed. Free enterprise is wonderful thing except when it gets to a point where a boardroom can make decisions that threaten everyone's well being. Companies like AIG, GM, etc are at that point thanks to deft management skills so remedies are sought at our expense which is all well and good (I'm too busy to pick out a card to send so billions will have to do). But the "when is a business too big" decision is still open as far as I can tell and like gay, drug running, job stealing illegal immigrants streaming across our borders to destroy their former country (I'm in Texas ya know..the front lines!)and our marriages, the problem festers.
"Willis, you're full of shit" you say! Yes, that and margaritas but I do have a point....it's here somewhere....hold a second.....still looking......not under the WMD from Christmas, dammit......okay here it is! FedEx is about to cancel 15 Boeing 777's assembled right here in America if the congress enacts legislation to make it adhere to NLRA (National Labor Relations Act) versus the RLA (Railway labors Act). The effect on FedEx:
"Since FedEx was founded as an airline in 1971, it has fallen under the jurisdiction of the RLA, which forces railway and airline workers to go through a long arbitration process before taking work actions and bars the formation of localized unions. Rival UPS, considered a trucking company, falls under the NLRA, which allows workers to organize on a local level and has fewer barriers to work actions."
The effect on Boeing and GE (engines):
"Avondale Partners analyst Donald Broughton wrote in a research note that "thousands of jobs" at Boeing and GE could be affected if FedEx were to cancel its 777F order."
I'm not here to sell unions, bash management, or sell the converse of either of these options. But why the hell wouldn't somebody figure out by now that FedEx isn't a railroad and UPS isn't just a trucking company? Neither operate railroads and both operate trucks and aircraft. So as far as a business entity; UPS = FedEx anything else is anti competitive right? Except when a company gets "too big" (told ya I'd get there). So now the choice is to restrain all the workers at FedEx from a free union, screw labor at Boeing, or allow an unfair business advantage FedEx at the expense of UPS.
Wanna guess you gets the rump rocket regardless how this turns out?