Potential Spirit Airlines bailout is socialism.
Posted by AmbitionSad4858@reddit | Libertarian | View on Reddit | 27 comments
[removed]
Posted by AmbitionSad4858@reddit | Libertarian | View on Reddit | 27 comments
[removed]
Alan_Turings_Apple@reddit
You aren’t taking crazy pills, Trump used the conservative movement for his own gain. The man was never once a conservative, only in the “own the libs, Woke is dead” way. Not the small L liberal conservative way.
CommunicationClassic@reddit
Further it is time to wake up and realize that 90% of your friends who claim they are conservative don't even know what conservatism is and wouldn't care if they did - they are on a sports team and the only thing that they care about is making liberals unhappy
AmbitionSad4858@reddit (OP)
Where I feel like I am taking crazy pills is NO ONE talking about it being socialist or even talking about it like it is a big deal. I dont expect FoxNews or most of the right wing media to cover it (I tried to post the article in the Conservative community but was denied) but the rest of the media should be pointing out what is happening.
Alan_Turings_Apple@reddit
Populism is in, on both sides. Neoliberalism, which has elements of libertarianism, has failed large swaths of the population. So they are turning to more statist solutions to solve their problems. Unfortunate for the most part.
AldruhnHobo@reddit
Let it collapse. Brought upon themselves anyway.
RocksCanOnlyWait@reddit
Spirit tried to merge with other budget carriers a few years ago. The federal government blocked it on anti-trust grounds. So it's not entirely Spirit's fault.
Cannoli72@reddit
technically it’s fascism
SadTumbleweed1567@reddit
Trump and Republican party have no meaningful ideology. If you interact with Trump supporters they aren't conservatives in any meaningful sense.
They like capitalism in name only. They don't like free markets, they aren't against subsidies or government picking winners and losers. They like their social security, medicare and medicaid, they just don't like "undesireables" getting it. Republicans always have their hand out whenever a natural disaster hits. You, know unpredictable events, like hurricanes in the South or tornadoes in tornado alley.
They aren't political conservatives either. They don't represent America's liberal tradition.
AmbitionSad4858@reddit (OP)
I think this is correct.
jimopl@reddit
In case you didn't realize it we already live under a socialist government except the socialism is for companies and the execs who run them. This is the newest, most blatant, example.
No one cares because traditional conservatives don't hate socialism, they hate "people first" socialism. Leftists are the inverse where they prefer "people first" socialism vs the current corporate socialism we have.
You and I, and most of the people on this sub, just want both to be cut down immensely.
AmbitionSad4858@reddit (OP)
Not sure I agree with that take. Bails outs are not inherently socialist. Government ownership of private enterprise is. I am not defending how the government handles failing companies.
triggityrex@reddit
Bailouts are definitely not Capitalist and definitely not Libertarian. The government has no business propping up failing companies.
toolong46@reddit
2008: Banks destroyed the economy through fraud. Taxpayers bailed them out for $700B. Executives kept bonuses. Zero criminal convictions.
2020: Fed prints trillions. Airlines, hotels, private equity firms all get rescued. Small businesses get buried in PPP paperwork.
Now everyone’s outraged over Spirit Airlines like that’s the problem.
We haven’t had real capitalism in decades. Profits are private, losses are public. The wealthy have already extracted so much government money, tax breaks, and regulatory capture that screaming “small government” now just locks in their advantages permanently. The game was rigged long before this bailout.
Spirit Airlines is a distraction. The rot is structural — central banking, corporate bailout culture, regulatory capture. That’s what we should be talking about.
Coolio_1851@reddit
It’s called Corporate America. The president cares more about billion dollar businesses and foreign wars than he does about the average American. He probably made a deal with Spirit which somehow serves to line his own pockets.
prndls@reddit
Don’t we do this also with farming and housing (through GSEs)?
AmbitionSad4858@reddit (OP)
We certainly subsidize farming and housing at the federal level. The subsidizing through bailout isnt the real issue to me, its the ownership of a private enterprise that is the problem.
prndls@reddit
Agree with you there
Parabellum12@reddit
Spirit airlines isn’t the only business the government is buying stake in. Trump administration has also bought shares of Intel and MP materials. I’m sure there are others as well.
And yes, this is pure socialism. Trump is, and has been for some time, a huge hypocrite. I regret ever supporting him.
C_1999@reddit
How is he the lesser of two evils at this point? The Trump administration has been incredibly draconian on the second run around, far more than Biden was.
AmbitionSad4858@reddit (OP)
He was never the less of two evils. Just took some people to see it a bit longer than others which happens all the time in life.
Parabellum12@reddit
Yeah dude he was. I’ll give you Biden (although I thought he was a poor president), but he was no doubt better than Hillary or Kamala would have been.
AmbitionSad4858@reddit (OP)
In what way? He is a deficit spender, fiscally irresponsible, expanding both the executive office and federal government in ways they werent meant too. He starts unconstitutional wars. What am I missing here?
Parabellum12@reddit
Hillary was/is a corrupt career politician with a body count and Kamala was just absolutely inept. Biden was the most capable of the 3, but even then he was also all of the things you just labeled Trump.
If you’re looking for a president that isn’t any of those things you mentioned, you aren’t going to find one.
AmbitionSad4858@reddit (OP)
My point was exactly that, he wasnt the less because he is just like them. If you dont think Trump has a body count from his early successful NYC real estate deals....
seobrien@reddit
Why do we not let companies fail?!
Drives me nuts.
The_RaptorCannon@reddit
It actually worse than that, its also a hedgefund bail out. Ken Griffin from citadel advisors is a majority owner of spirit and are upside down by something like $150 million. He's worth $50 billion ...they dont need bailout. He made a bad bet after the bankruptcy merger of jetblue.
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