QP!
Verified User
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So we do not have to talk about the Trump Admin looking to use tax payer to buy huge money loser Spirit Airlines who will then compete private airlines, and adding that stake to the earlier equity purchases by the Trump Admin in Intel Corp, MP Materials, Lithium Americas, Trilogy Metals, Westinghouse, Vulcan Elements, and U.S. Steel.
Wait, what .... a huge taxpayer purchase of a failing cash sink airline we are all talking about (well not 'all', as @Damocles , @T. A. Gardner , @FastLane , etc will have no comment on this as only grocery stores are bad and all else good) and that is on news segments now...
A quick summary if you do not know before getting back to the topic...
...the Trump administration was negotiating a $500 million rescue package for Spirit Airlines, in a deal that could give Washington the option to control as much as 90% of the twice-bankrupt low-cost carrier ...
It’s a remarkable development, and one I believe investors should be aware of. Not because Spirit itself is a compelling investment—at this point, it’s anything but...
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Ok so now we know about the Trump gov't movement to buy it lets get back to the topic and talk about how Mamdani is a terrible socialist ruining the free markets and will destroy other private businesses who have to compete against the companies using gov't dollars.
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So we do not have to talk about the Trump Admin looking to use tax payer to buy huge money loser Spirit Airlines who will then compete private airlines, and adding that stake to the earlier equity purchases by the Trump Admin in Intel Corp, MP Materials, Lithium Americas, Trilogy Metals, Westinghouse, Vulcan Elements, and U.S. Steel.
Wait, what .... a huge taxpayer purchase of a failing cash sink airline we are all talking about (well not 'all', as @Damocles , @T. A. Gardner , @FastLane , etc will have no comment on this as only grocery stores are bad and all else good) and that is on news segments now...
A quick summary if you do not know before getting back to the topic...
How A Fuel Crisis Pushed Spirit Airlines Toward Government Ownership
...the Trump administration was negotiating a $500 million rescue package for Spirit Airlines, in a deal that could give Washington the option to control as much as 90% of the twice-bankrupt low-cost carrier ...
It’s a remarkable development, and one I believe investors should be aware of. Not because Spirit itself is a compelling investment—at this point, it’s anything but...
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Ok so now we know about the Trump gov't movement to buy it lets get back to the topic and talk about how Mamdani is a terrible socialist ruining the free markets and will destroy other private businesses who have to compete against the companies using gov't dollars.