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By your comment I gather that you think that an individual that does 150 hours of sim training and 100 hours + of OE is not any more prepared than a puppy mill product, I disagree.
Well, here is what I think. (And trust me, I have been wrong a few times in the past, so ive got an open mind about myself and my ideas, sort of

I had the FO remind me how to calculate Zulu time in my area today! See, im always humble and responsive to my mistakes!!!!
Do you think that a certain number of simulator hours combined with twice as much IOE is going to make THAT much of a difference? (As above, I dont deal with simulator instructing for the airlines, bear with me!) After all, remember, our candidate in question still has 265 TT. He/She just finished setting the mixture on the Duchess, now they are dealing with an Airbus/Boeing. Book knowledge only goes so far.
But in response, I would say that in certain ways someone with more Sim/Ioe time would be more prepared than someone with less, how could they not be.
After that, I still do not have a problem with the cadet scheme. They will be paired with a captain who knows what is going on, etc. It has worked in the past, and I do not see many airplanes falling out of the sky in the future because of the programs.
Again, just an outsider looking in.
JohnnyP