As I've posted eariler, my father was an ALPA delegate to Capitol Hill in 1978 and was present at the birthing of the abortion of deregulation.
Deregulation was anything but. Kahn and his cronies made millions off of deregulation, and the American people watched happily as we spent 20 years eating the seed corn that was carefully husbanded over 60 years of commercial air transport.
Deregulation advocates have often glossed over the facts of deregulation, which are in reality a glaring case of third world crony capitalism, at it's worst.
They don't mention the gates and slots at LGA, stolen from Eastern and TW, to be given at firesale prices to New York Air, which was simply an investment vehicle. After a decent interval, NYA was sold, and those assets were purchased.
Airlines that had to "disgorge" assets received little or no compensation. The Labor Protective Provisions, designed to shield workers from an unprecedented shift in their industry, were jettisoned with little fanfare.
Kahn was simply the first, but not the last, to participate in the mortgaging of America.
I'm glad he thinks he's some kind of American hero. History won't be so kind, and when he's dead, I'll piss on his grave.
