Other than a complete lack of character, I can't see how you're able assert this {recession as a cause of stagnation} as any kind of rational that would excuse changing the age the way it was, at the time it was. If anything, retirements should have been restarted as soon as the economy really went South. Those with the least took it the worst.
Ah, the inevitable persona insult. You do know that you lose a debate the second you result to personal attacks, right?
In making the above statement you ignore (or don't know) history and/or rationale behind the rule change.
The old history is well known, that ALPA fought the change from 1960 to 1980. There was a relatively brief hiatus until 1992 or so but the desire to change the totally arbitrary age of 60 never really went away. SWAPA was, for example, testifying on Capitol Hill in '94. It almost was changed in '95, but ALPA cut a deal with the Clinton Administration and it remained at 60.
The efforts to change it went on. In 2001 it missed passing in the Senate by two votes. Two!
The point being that the TIMING of the change was totally arbitrary, depending simply when (or if) enough support was gathered to make it happen. It happened in 2007. But the guys fighting to dump 60 got closer and closer every year.
Did it suck that the recession hit at the same time? Absolutely. No one saw that coming. Did you? If so, you should have warned the rest of the country. But the recession hit. Considering that it was now law, considering that it was at least partly based on discrimination, etc, etc. the idea that the change would be somehow temporarily suspended in not sound.
Besides, some airlines thrived in spite of the recession. Others did not. Laws and regulations are not amended, adjusted, suspended based on economic coniditions which would change again.
Yes. Those with the least got hurt the most. That is absolutely undeniable. It happened to me more than once in my career. And that is the way it is in this industry, as well as every other industry and the country as a whole.
That's life.
It sucks. But no one person or group of persons is to blame.