Originally posted by: Dealer1
Let me guess: if you get a pimple on your ass, it's Joe Biden's fault?
Tom is a pimple on Trump's ass, and is therefore intellectually bonded with him.
Originally posted by: Dealer1
Let me guess: if you get a pimple on your ass, it's Joe Biden's fault?
Tom is a pimple on Trump's ass, and is therefore intellectually bonded with him.
Then there are some real-life reasons.
Spirit Airlines Didn’t Die Because Biden Blocked The JetBlue Merger - View from the Wing
"Spirit Airlines failed because its costs went up, they didn’t have the right product consumers wanted, and larger airlines learned to compete effectively against their low fares.
Yay, capitalism!
"If the Biden administration had allowed JetBlue to buy Spirit Airlines, Spirit’s shareholders would have gotten paid but that wouldn’t have meant Spirit’s planes and pilots continuing to fly as JetBlue. That’s because JetBlue has lost money for six years and is scaling back to try to stem the losses."
On the other hand, the article continues:
"None of this exonerates the Biden administration.
The Biden administration sued to break up the American Airlines-JetBlue partnership that had previously been approved under the first Trump administration. That was legal..... but it was also a rule of law problem. It meant it was no longer possible to rely on assurances given during one administration once the Presidency changes, and that legal outcomes are dependent on individual policy preferences of the executive."
See, it's not such a simple answer as our MAGA, "Everything, all the time, everywhere, is Biden's fault", fallback position.
Biden flipped the Trump policy, just like Trump has flipped Obama/Biden policy. With all the Executive Orders Captain Chaos is issuing, you'll see a bunch of flipping in the future.
It's real simple. Trump has killed Spirit and is killing Jet Blue. No bargain airline could survive a doubling of its fuel costs for long. Jet Blue is hanging on in the desperate hope that the Turd war will end soon and fuel prices will return to normal. Spirit couldn't hold on any more.
All businesses that consume large amounts of fuel as a basic element of their operations are now in danger of bankruptcy. Three cheers for the Orange Fuckface!!!
Originally posted by: Kevin Lewis
It's real simple. Trump has killed Spirit and is killing Jet Blue. No bargain airline could survive a doubling of its fuel costs for long. Jet Blue is hanging on in the desperate hope that the Turd war will end soon and fuel prices will return to normal. Spirit couldn't hold on any more.
All businesses that consume large amounts of fuel as a basic element of their operations are now in danger of bankruptcy. Three cheers for the Orange Fuckface!!!
Horseshit, here is the REAL reason -- Transportation Secretary Sean Duffy says the Biden administration’s blocked JetBlue–Spirit merger led to Spirit’s liquidation: “This is not better for pricing. This is not better for competition. Actually, it’s worse.” -- Watch here -- https://www.facebook.com/watch?v=2178343503005532
I do think the merger should have been allowed to go through.
I'm not sure if it would have saved the companies over time but I still think it should have been allowed.
In the same way I get upset when Trump ignores treaties or agreements made by past presidents I got upset when Biden did the same.
The Biden administration should have accepted the fact that the merger was approved and moved on.
The federal government suing to prevent a merger that it had already approved is a dangerous precedent.
Edit: typo correction
Originally posted by: LiveFreeNW
I do you think the merger should have been allowed to go through.
I'm not sure if it would have saved the companies over time but I still think it should have been allowed.
In the same way I get upset when Trump ignores treaties or agreements made by past presidents I got upset when Biden did the same.
The Biden administration should have accepted the fact that the merger was approved and moved on.
The federal government suing to prevent a merger that it had already approved is a dangerous precedent.
What? -- I do you think the merger should have been allowed to go through.
Originally posted by: David Miller
Horseshit, here is the REAL reason -- Transportation Secretary Sean Duffy says the Biden administration’s blocked JetBlue–Spirit merger led to Spirit’s liquidation: “This is not better for pricing. This is not better for competition. Actually, it’s worse.” -- Watch here -- https://www.facebook.com/watch?v=2178343503005532
ITZ AWL BIDENZ FAWLT!!!!
🤪🤪🤪🤪🤪🤪🤪🤪🤪
Originally posted by: David Miller
What? -- I do you think the merger should have been allowed to go through.
Oops. I was using speech to text and didn't notice it threw the extra word in there. Thanks for the heads up.
Side note: My new phone is so much worse at speech to text than the several year old phone it replaced.
Anyway it should have read "I do think the merger should have gone through."
Originally posted by: LiveFreeNW
I do think the merger should have been allowed to go through.
I'm not sure if it would have saved the companies over time but I still think it should have been allowed.
In the same way I get upset when Trump ignores treaties or agreements made by past presidents I got upset when Biden did the same.
The Biden administration should have accepted the fact that the merger was approved and moved on.
The federal government suing to prevent a merger that it had already approved is a dangerous precedent.
Edit: typo correction
There's a long history, dating back to early 20th century antitrust legislation, of the government stepping in and preventing mergers, acquisitions, consolidations, etc. The rationale, of course, has been that competition is good for the consumer, and mergers eliminate it.
So putting aside the question of whether the government should be interposing itself in that way (regulated vs. laissez-faire capitalism), let's simply ask: was the American consumer better off with one budget airline, or two?
We've seen The Gouge in Vegas, which is the result of only a very few companies controlling all the casinos. We saw American cars turn to crap when the Big Three controlled the entire market. We had insanely priced tech gear until smaller companies entered the fray.
I don't want to have just one or two choices for everything I buy. I know that the only thing that saves me from high prices is competition. Therefore, mergers degrade my options and my experiences.
That said, those restrictions do reduce corporate profits in the long run, as a monopoly is the most profitable business model. So who does, and should, the government serve: Big Business or you and I?
Originally posted by: Kevin Lewis
There's a long history, dating back to early 20th century antitrust legislation, of the government stepping in and preventing mergers, acquisitions, consolidations, etc. The rationale, of course, has been that competition is good for the consumer, and mergers eliminate it.
So putting aside the question of whether the government should be interposing itself in that way (regulated vs. laissez-faire capitalism), let's simply ask: was the American consumer better off with one budget airline, or two?
We've seen The Gouge in Vegas, which is the result of only a very few companies controlling all the casinos. We saw American cars turn to crap when the Big Three controlled the entire market. We had insanely priced tech gear until smaller companies entered the fray.
I don't want to have just one or two choices for everything I buy. I know that the only thing that saves me from high prices is competition. Therefore, mergers degrade my options and my experiences.
That said, those restrictions do reduce corporate profits in the long run, as a monopoly is the most profitable business model. So who does, and should, the government serve: Big Business or you and I?
Yes I understand under current law mergers have to be approved by the federal government.
The thing is in this case the merger had already been approved by the federal government. They already got the green light. At that point it should be done.
The federal government should not sue to prevent a merger that the federal government already approved.