Obamanomics Takes Down AA

Discussion in 'Economy' started by CrusaderFrank, Oct 3, 2011.

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    American Airlines is slated to become the next major victim of Obama's Failed Economic Ideas.

    American Airlines shares tumble 18 percent on outlook | Reuters

    "Airline stocks were down broadly on concerns that a weak economy will drain travel demand and hit fares this autumn."

    Airline stocks were down broadly on concerns that the Obama economy will drain travel demand and hit fares this autumn....corrected
     
    Last edited: Oct 3, 2011
  2. waltky
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    waltky Wise ol' monkey Supporting Member

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    Shares drop 81%...
    :eek:
    American Airlines files for Chapter 11 protection
    29 November 2011 - American Airlines' parent company AMR Corporation has filed for Chapter 11 bankruptcy protection.
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Wow.

    So Failed Stimulus, deficits bigger than any Reagan budget and Soviet style central planning is bad for the US economy.

    Wow.

    Never saw that coming
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Inb4 Libs blame TEA Party and Bush! :lol:
     
  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I'd hardly blame Obama for AA. Airlines have been having issues for decades.

    the current TSA, much of which was implimented under the Bush administration has probably hurt the Airlines.

    But Obama certainly hasnt been helping things...
     
  6. Teals_Of_Wonder
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    Teals_Of_Wonder BANNED

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    well, did they charge $2.00 a minute to poop in their smelly restrooms?
     
  7. Vel
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    Vel Gold Member

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    If we consider what has happened to fuel prices under Obama, I'd say he can receive a fair amount of blame. Can you image the difference we'd see in our economy if the energy sector were able to expand?
     
  8. Middleoftheroad
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    Middleoftheroad Active Member

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    nice try but this has nothing to do with Obama.
    AA has declared bankruptcy because, since 9/11 all other major airlines have declared bankruptcy, which allows for a company to resize cheaply, trimming overhead, allowing them to be leaner and more profitable.
    I'm not sure if you know this, but in business, when all of your competitors have a clear advantage over your company, its not a good thing for your company.
     
  9. Baruch Menachem
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    Baruch Menachem '

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    Blaming this on Obama is reaching a bit. He is not responsible for everything.


    Of course, to hear him and his defenders tell it, he is not responsible for anything. He just deserves credit when they go right, but Buuuuuuuuush is to blame when they go wrong.
     
  10. Vel
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    Vel Gold Member

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