https://nypost.com/2026/04/24/opinion/spirit-airlines-deal-threatens-another-bailout-boondoggle/
Spirit Airlines deal threatens yet another bailout boondoggle
By Stephen Moore
Published April 24, 2026, 5:13 p.m. ET
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It’s a strange conundrum: If a company gets too big and successful and dares earn too much money, the US government accuses it of being an evil monopoly and tries to break it up.
And if it loses too much money, the government swoops in and bails it out with taxpayer dollars — as we’ve seen multiple times now, from banking to the auto industry.
Rewarding failure and punishing success isn’t a very smart economic game plan.
In the latest chapter of this saga, the federal government is reportedly about to provide a half-billion-dollar taxpayer bailout to Spirit Airlines.
Aren’t you excited to learn you may become a shareholder?
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And the politicians have a long and inglorious history of picking losers.
Think of the hundreds of millions of dollars lost under President Barack Obama’s so-called stimulus, when the government turned itself into a venture capital fund and “invested” in companies like Solyndra and Fisker Auto — celebrated solar panel and electric car manufacturers that went bust after huge infusions of tax dollars.
How many times have we been told that Amtrak and the US Postal Service are about to become profitable?
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The Gooferment — at any level — as well as any politicians and bureaucrats should not be favoring any corporation or people with “investments” from the Taxpayers’ pocket.
I still remember how upset my sainted wife was when the Gooferment bailed out GM and the bond holders got screwed. I also remember when my favorite tax accountant got screwed when Bear Sterns was allowed to go bust but AIG was bailed out. And remember when the Gooferment was to bail out individual mortgagees that suddenly became bailouts for the Big Banks — who promptly gave big bonuses to high-earning employees, CxOs, and directors. Sigh!
The beauty of “capitalism” is that “the invisible hand of the marketplace” rewards those who satisfy the consumers’ needs making a profit and applies discipline to those that don’t. All without a single Gooferment bureaucrat!
When Gooferment seeks to frustrate the marketplace: (1) it doesn’t work since it doesn’t change the leadership, management, and workers behavior that got them into unprofitability in the first place; (2) the taxpayers become the deep pockets for further losses; and (3) continues the immorality of Gooferment theft and “training’ “We, The Sheeple” that the Gooferment knows what’s best for “us”!
Bottom line: No Gooferment bailouts for any failing corporation.
Argh!
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