Miles To Go, But Still No Dough…

seaplane

The ripples caused by our flailing banking system are continuing to drown other sectors of the economy as well.

People that have accrued a shitload of frequent flier miles are realizing that they are better off cashing in those miles than holding onto them because airlines have a tendency to go bankrupt. This should cause some airlines to file for Chapter 11 before this fiscal quarter is done when they lose their cash reserves to their customers.

For a minute I just have to step back and give props to the G Dubbz administration for totally making the American economic system fucked the fuck up in less than a decade. If G Dubbz was nothing else he was expeditious.

3 Responses to “Miles To Go, But Still No Dough…”

  1. ADB says:

    AIrlines worst nightmare, millions of miles of liability and everyone redeeming at once. This is worse than 9/11 for the airlines, at least when that happened the rest of the economy was pretty strong and fuel only accounted for 20% of running costs. It now accounts for 60% of running costs and we have a credit crunch + recession.

  2. Children of Sanchez says:

    honestly the whole theory about the republican party trying to bankrupt the government so it will shrink and lose power doesn’t even seem that far fetched these days…

  3. P-Matik says:

    That’s why I keeps that Capital One card with the travel points. As long a Cap Uno doesn’t fail then I’m scraight.

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