Flyover Politics

Flyover Politics

By Adam and SeanNewsPolitics
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Flyover Politics episodes

  • Episode #6 (Ken from Michigan)

    Adam and Sean are back with a new episode with thoughts on the Town Hall debates last week, Ken from Michigan joins us to talk about politics in his state including the upcoming election and another look at angry Twitter.

    2 hr 38 min
  • Episode #4 (VP Debate Reaction)

    Adam and Sean return to react to the Vice Presidential Debate between VP Mike Pence and Kamala Harris. Plus,  discussion on early predictions for the election in four weeks.

    1 hr 55 min
  • Tilting at Windmills #1: Baggage Fees, Buybacks, and Bailouts

    The House of Representatives is working on a $25B bailout for an airline industry that has allowed wall street and airline executives to impoverish their companies by skimming profits off into stock buybacks and dividends, leaving the American public to foot the bill.

    Background Reading:

    Pelosi says airline deal worth $25B imminent.

    https://www.reuters.com/article/health-coronavirus-usa-airlines-idUSKBN26O05L

    $8.6B in baggage fees

    https://www.usatoday.com/story/travel/airline-news/2020/05/04/us-airline-fees-8-billion-bag-ticket-change-fees-2019/3076655001/

    Buybacks:

    https://www.forbes.com/sites/aalsin/2020/04/24/stock-buybacks-made-corporations-vulnerable-then-the-coronavirus-struck/

    96% of free cash flow on buybacks:

    https://www.bloomberg.com/news/articles/2020-03-16/u-s-airlines-spent-96-of-free-cash-flow-on-buybacks-chart

    https://www.theguardian.com/business/2020/mar/18/america-airlines-bailout-shareholders-coronavirus

    seven out of every eight dollars the four airlines sent Wall Street from 2015 through 2019--$39.1 billion out of $44.7 billion — went for share buybacks. The rest went for dividends

    https://www.washingtonpost.com/business/2020/04/06/bailout-coronavirus-airlines/

    Stock buybacks have been legal since 1982

    https://www.vox.com/policy-and-politics/2018/3/22/17144870/stock-buybacks-republican-tax-cuts

    12 min

About Flyover Politics

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Adam and Sean, two Iowans from flyover country, attempt to get a grasp on the left-right divide in the United States.