Lina Khan and the FTC Bankrupt Spirit Airlines!
(00:01.174)
Hey, gotta give a congratulations to LenaCon and the FTC. Yep, they took out Spirit Airlines. Good old Lena. She got a head on her wall for crying out loud. We told you this was going to happen. Not good. Not good for people that book flights on Spirit over to Thanksgiving holidays. They don’t know yet.
But as of right now, flights could be getting canceled. Yep, Spirit Airlines preparing to file for bankruptcy protection. Yeah. The low cost airline is in final negotiations with bondholders on a restructuring plan to secure support with the creditors that owes more than $3 billion. They could have
They could have merged with JetBlue, but no, no, no, no, no, no, no. LinaCon and the FTC said that would be bad. Said it would be bad for consumers. You can’t have that. You can’t do that. Then people wouldn’t have access to a budget airline.
(01:24.63)
So you’re going to bankrupt the airline? That’s better? That this is a better alternative is what you’re telling us. Yeah, again, this is classic government for you. This is classic. We got to destroy the village in order to save it right out of the dumbass government playbook.
Yeah, I can’t wait till she’s gone. I really can’t wait till she is gone. She is part of this new school, the Neo Brandeisians Brandeis, Neo Brandeisians there. It’s your school of thought. Basically, it’s well, the old way of handling antitrust would be
Does it protect consumer welfare? These neo-brandesians are concerned with the promotion of competition.
promotion of competition that again, can’t let businesses get too big. You can’t let businesses become too successful. You can’t let businesses become too dominant.
So again, know, Lena Con and the FTC would have broken up the 1990s New York Yankees and probably the New England Patriots as well with Brady and Belichick.
(02:59.662)
Is there any harm to the consumer? That’s the way it used to be. I’d actually have to prove harm to the consumer. Proving that practice is harmed a big business’s competitors was the new idea. That’s what these neo-brandesians are all about. But when you do that, you got to think about this for a second. When you do that, basically anything good, anything good that a successful business does,
innovating, putting products, bundling this, that, whatever it may be, improving efficiency up. No, new products. Can’t have that. Could be an antitrust violation. Yeah. Logic reason behind this? No, no, no. Again, this is right out of almost the neo-brandesians are almost like my short story there, my Vonnegut study story there that I talked about not too long ago there.
Harrison Bergeron, remember that? Gotta make them all equal, gotta knock people down to size. Yeah, you knocked Spirit Airlines down to size, that’s for sure. Watchdog on wallstreet.com.
