Apr. 22 at 6:38 PM
Your moment of zen...
Trump admin in advanced talks for Spirit Airlines (
$FLYYQ )
$500M rescue package - under the terms being discussed, the US govt would provide emergency financing in exchange for warrants that could grant the govt an ownership stake of up to 90% in the airline
President Trump recently expressed openness to federal intervention to protect roughly 14,000 jobs, suggesting that while he would prefer a private buyer to acquire Spirit, the government should "maybe" help out in the interim
--- But when the Obama admin bailed out
$GM (took a 61% stake for
$50B) to protect 1.5M jobs, Republicans/Tea Party argued that the companies should have been allowed to fail to let "market forces" prevail & labeled the auto rescue will lead the US down "the road to socialism"
Back of napkin:
President Obama bailout:
$33,333/job
President Trump bailout:
$35,714/job
Note: Trump admin continues to drive down "the road of socialism" by take equity stakes or financial interests in 15+ private-sector companies
MAGA has driven so far right that they are now far left!!???!!
