Dont bail out the cruise industry

The United States economy is grinding to a halt as the country grapples with the novel coronavirus pandemic, and one of the first major actions President Trump has floated is having the government bail out the cruise line industry, which he says is a “prime candidate.” He shouldn’t do it.

It may be wishful thinking that he won’t. Trump has proven he’s willing to give preferential treatment to big corporations over almost anything else (save for himself), like when he signed a giant tax cut for corporations masked as relief for the working class.

But there are myriad reasons not to bail out the cruise industry’s biggest players. Here are just a few:

They’re not really US companies. Carnival Corporation is incorporated in Panama. Royal...

Continue reading…