He makes good points but it is far more complex than this. Governments are preventing many companies from operating. Some of these companies are in trouble due to goverment actions. Putting aside that point, everything else is spot on.
Some of these companies were just mismanaged. Rather than save for a rainy day, management decided to use the cash in good times to buy back stocks. I have no problem with stock buybacks. I have a problem with the CEO of a company asking the feds to bail them out when they did not act prudently. We all have the responsibility to save money for unexpected events. If you do not have at least 3 months of reserves to cover all your bills you are doing something wrong. I would recommend 6 months. Airlines going bankrupt does not mean flights stop. The airplanes do not just disappear and melt away. Stockholders and bond holders take a hit. Management gets fired, as they should. The assets are sold off to more competent people-hopefully.
The host pulls out the ‘moral’ card. It is not moral to take money by force from one group of people and give it to Person A or Company A. If someone wants to voluntarily send a check to Boeing or a friend in need, I have no problem with that.