Sitting up late browsing the Web and listening to CNBC etc I noticed the following
1) US Air about to go bankrupt. 28000+ employees with thousands of flights a day. They won't stop flying but everyone of those employees has got to be worrying about pensions, layoffs etc.
http://tinyurl.com/6z9rc
2) Delta Airlines contemplating bankruptcy. 60,000+ employees. This is ploy to make the pilots and other employees take pay cuts. A full Chapter 11 will wipe out most of the investor class' stake in Delta and put those 60K employees in fear for their jobs.
There was a joke in the AJC vent along the lines of you used to be able to sell 1 share of Delta and eat in the nicest restaurant in town. Now one share won't cover popcorn at the movies... People are noticing.
http://tinyurl.com/5rjg5
3) United Airlines Pension Woes
United may flake on making payments to their existing pension plans. They mismanaged their pension funds as well as the business in general.
http://tinyurl.com/6we7d
It's not happy days at American either.
All in all, that's 100-200 K employees who are sitting home worrying about their jobs/pensions/futures. The knock on effect of spouses/siblings/parents/children/friends/neighbors puts a multiplier on that number guessing 5-10 so low millions will either be affected or have a close relation/friend who is. The news will be seen by the rest of us.
Can't be good for Bush especially as the first two are likely to be big headline messes right before the debates/election. Turning the corner my a--.
Sure wonder if all those ex-military pilots are still in love with President AWOL.