This may be unpopular with some, but I’m glad we didn’t bail them out. Bailing out private companies on the taxpayer dime needs to stop. That’s business. Companies all over the globe go under, new ones come up in their place. Yes agreed, it sucks for the employees who lost their jobs and I’m sure they’ll find jobs in time, but at the end of the day, it’s the nature of business in this world.
The facts are Spirit made some financial and operational mistakes that brought it to this position. It’s the same as Sears, Pier-1 Imports, Solyndra, Toys R Us, Alta Motors, Blockbuster, and many others.
Could the Biden admin have stayed out of the way of the merger with JetBlue, allowing it to go forward, thusly saving many jobs and the company? Yup. But they didn’t, so here we are.
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This may be unpopular with some, but I’m glad we didn’t bail them out. Bailing out private companies on the taxpayer dime needs to stop. That’s business. Companies all over the globe go under, new ones come up in their place. Yes agreed, it sucks for the employees who lost their jobs and I’m sure they’ll find jobs in time, but at the end of the day, it’s the nature of business in this world.
The facts are Spirit made some financial and operational mistakes that brought it to this position. It’s the same as Sears, Pier-1 Imports, Solyndra, Toys R Us, Alta Motors, Blockbuster, and many others.
Could the Biden admin have stayed out of the way of the merger with JetBlue, allowing it to go forward, thusly saving many jobs and the company? Yup. But they didn’t, so here we are.