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Failed CEO peddles book on economic policy on former investor’s TV channel

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Bill Diffenderffer was CEO of SkyBus airlines that was based in Columbus in 2007. It was billed as a value no frills airline that had limited $10 tickets and cheap regular fares. The airline went belly up in 11 months. Now the same guy that couldn’t run an airline is pushing a book he wrote that complains about President Obama’s economic policy. The even funnier bit is he did an interview on Channel 10 whose parent company was an investor in the failed airline.

The problem, besides a failed CEO trying to lecture on economic policy, was that during the broadcast it wasn’t mentioned that Dispatch Printing Company, parent of WBNS 10TV was one of the investors. The article on the website does mention it.

Then there was this:

“I wanted a president that came in and said ‘We need to fix some things’ – health care needs to be fixed – that doesn’t mean government should manage a health care system; they don’t know how.”

Diffenderffer said the same holds true with the bailouts of automakers and the banking industry.

“They don’t know how to run a company, so why have a car czar? They don’t know how to run banks yet they all have these people now telling them how they should be run,” Diffenderffer said. “I think we have to let the big companies fail so the newer hungrier new models can come in a replace their old models that aren’t working.”

Skybus CEO Speaks On Why Airline Failed

It is understandable that some one who couldn’t run a successful airline might get the actual economic policy he is complaining about wrong. The government isn’t planning on managing the health care system or running the auto and banking industry.

Taking advice on economics from this guy is like taking relationship advice from Tiger Woods.