It’s hard to defend a lavish event like that when you’re on the public dole. But remember that one function of the bail out is to stimulate the economy. So, how many Las Vegas hospitality workers will be laid off or at least have their hours cut back because Wells Fargo failed to show? Those people’s livelihoods depend on people coming to town, booking hotel rooms, dropping a wad of cash at the casino, riding that roller coaster on top of the Stratosphere, and, my favorite, visiting the Star Trek extravaganza at the Hilton.
Here’s the aviation connection you’ve been so patiently waiting for: Congress and the media have been drubbing on the business aviation industry as if it were some evil cartel that needs to be stamped out of existence. Thanks to the Big Three Automakers and Citibank’s unwillingness to even attempt to justify their use of business aircraft, we have a feeding frenzy of negative attention to anything with wings or a rotor.
Congress and the media want to overlook the fact that general aviation spawns some 1 million jobs and contributes about $150 billion a year to the US economy–and it has a positive trade balance. Cessna, Hawker Beechcraft, Cirrus, Mooney, Piper–they’ve all had massive layoffs, devastating families. In an aviation town such as Wichita, it’s not unusual to have both spouses and multi-generations working for aviation manufacturers. What if they all get the axe because some congressman spewed venom against business aviation, forcing companies that use everything from Bonanzas to Beechjets to duck for cover and ultimately sell their airplanes? Bill Garvey, editor in chief of Business and Commercial Aviation does a masterful job of laying it out in layman’s terms in an op-ed piece in The New York Times this week.
No one is advocating the willy-nilly use of business aircraft or any other expensive asset by any company, whether they’re getting public funds or not. But let’s not trash an entire industry that produces good-paying jobs and contributes mightily to America’s economy and industrial might just for the sake of a poorly thought-out sound bite. There are, after all, consequences to such posturing. Just ask the thousands of aviation workers now lining up at the employment office.