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FOX Organization host David Asman joined Martha MacCallum on “The Story” Monday to talk about the air vacation crisis nationwide and its possible causes.
DAVID ASMAN: Nicely, we are in several means turning into 3rd planet in the way we function. And so significantly of it experienced to do with believing that the authorities could remedy the difficulty by paying out our cash. 1st of all, federal government has to just take a purpose. The FAA is easy to unfold criticism at the airlines, but they didn’t watch the expending of that funds, which was, by the way, additional than $54 billion. We spent $29 billion in grants to airways for payroll guidance, even although right now we have 28,000 fewer personnel than we did in December 2019.
MARTHA MACCALLUM: Where did the money go?
ASMAN: That is a great problem … It went to continue to keep personnel there quickly, but obviously lots of of them remaining and just claimed, “The heck with it, I am leaving this task. I will not need it.” It’s possible some of it went to pensions. Who is aware? $25 billion went to passenger carriers straight in which they put in cash. $4 billion went to cargo operators. And then there was $25 billion in loan and bank loan guarantees and a good deal of that was used as very well. So you’re conversing, it could be up to $80 billion that we used. It’s this crazy concept that government investing will get rid of a challenge. It isn’t going to. It typically can make issues–we invested $200 billion on the educational institutions, keep in mind, K via 12–to get them open up. And the 3 COVID aid bills, we expended $200 billion. Where did that income go? We will not know.
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