Without direct financial intervention by the federal government we could soon see the financial liquidation of the airline industry, ... That is a very serious problem.  Aviation represents 10 percent of our gross domestic product. That's $700 billion dollars of a $7 trillion economy and the underpinning of mobility on which our whole economy depends. -James Oberstar

 

Without direct financial intervention by the federal government we could soon see the financial liquidation of the airline industry, ... That is a very serious problem.  Aviation represents 10 percent of our gross domestic product. That's $700 billion dollars of a $7 trillion economy and the underpinning of mobility on which our whole economy depends.


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This quote is just one of 9 total James Oberstar quotes in our collection. James Oberstar is known for saying 'Without direct financial intervention by the federal government we could soon see the financial liquidation of the airline industry, ... That is a very serious problem.  Aviation represents 10 percent of our gross domestic product. That's $700 billion dollars of a $7 trillion economy and the underpinning of mobility on which our whole economy depends.' as well as some of the following quotes.

FAA has to shoulder the responsibility.

James Oberstar
232

Would not be a step forward. At best it would be a step sideways.

James Oberstar
216
There is a sense of airline financial relief fatigue among members, who feel that we have already rushed to the well on their behalf with post-Sept. 11 support and it's now up to them. -James Oberstar
169

If we elevate security without addressing the industry's liquidity, there will be no aircraft for the public to board.

James Oberstar
165

If you make a comment like that, those words have consequences. People take note of someone saying something like that, and you have to substantiate those remarks. She didn't.

James Oberstar
164
Without direct financial intervention by the federal government we could soon see the financial liquidation of the airline industry, ... That is a very serious problem.  Aviation represents 10 percent of our gross domestic product. That's $700 billion dollars of a $7 trillion economy and the underpinning of mobility on which our whole economy depends. -James Oberstar
162

This nation has been at war, ... Airlines are the front line of that war. We wouldn't think of contracting out our army to protect us against an open foreign invasion. We shouldn't think of contracting out responsibility of defending the internal United States against covert attacks.

James Oberstar
138