Friday, May 28, 2010

Panel seeks more answers from UAL/CAL on merger

Editorial:
This last Thursday Congress had a hearing on the merger with United Airlines and Continental Airlines. A few of Congressman’s concerns are job loss, higher prices and loss of service.

As I was watching this hearing I just fell on the floor laughing at how some in Congress can take a merger and spin it to President Obama . Senator Cornyn was asking why the head quarters for the new company will be based in Chicago and pointed the blame at President Obama.

Well if he had any insight he have would know that the city of Chicago gave United Airlines $37 million to move to down town. The local government claims the use of tax payers dollars would bring in more revenue and that the employees of United would spend more then $6000 a year. Corporate welfare?? (Mayor Daley is a Democrat; I am an equal opportunity critic.)

If you would like to watch the hearing, Bob the IBT Coordinator out of IAD found the link. Click here (fast fwd to 15 minutes). One thing I would ask is you listen to MR. Tilton and MR. Smisek, MR. Tilton, one word "profit", MR. Smisek, "employees". Tell me what you think, you can email me by clicking on the link on the right hand side of our Blog.

If you would like to read more on the correspondence click here to read the companies response to the Judiciary Committee

Jock