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In reply to the discussion: Spirit Airlines shuts down after White House rescue deal falls through [View all]LetMyPeopleVote
(181,353 posts)28. MaddowBlog-Team Trump tries to blame Biden for Spirit Airlines' collapse, but reality gets in the way
Whether Republicans like it or not, the war with Iran pushed fuel prices higher, and this proved to be the death blow for the company.
Team Trump tries to blame Biden for Spirit Airlinesâ collapse, but reality gets in the way www.ms.now/rachel-maddo...
— Tom Jones (@earl2.bsky.social) 2026-05-04T15:17:02.673Z
Reality is one thing that Trump is incapable of understanding, recognizing, relating to, and realizing
https://www.ms.now/rachel-maddow-show/maddowblog/team-trump-biden-spirit-airlines-collapse
A couple of weeks ago, when it was clear that Spirit Airlines future was in doubt, Donald Trump did what he too often does: He tried to avoid blame for a looming setback by shifting responsibility to one of his Democratic predecessors.....
Nevertheless, in the days that followed, Commerce Secretary Howard Lutnick led a Trump administration initiative to bail out Spirit Airlines, as part of a deal that would have led the federal government to take a significant ownership stake in the business. A variety of Republicans raised a new round of concerns about state-run capitalism, the private negotiations ultimately failed, and the carrier permanently closed its doors late last week.
One day later, Trump administration officials, led in large part by Transportation Secretary Sean Duffy, moved away from the presidents effort to blame Obama and instead tried to convince the public of a related claim: This was the Biden administrations fault.
On Sunday, Treasury Secretary Scott Bessent also toed the new party line.
....There are, however, two foundational problems. The first, as The Atlantics James Surowiecki explained, If JetBlues acquisition of Spirit had been approved, theres a good chance JetBlue would now be headed into bankruptcy, too.
The second is that the White Houses pitch is part of a clumsy attempt to answer the question of why exactly Spirit folded. At a press conference on Saturday, Duffy told reporters, The war was not the impetus for Spirit.
Theres ample evidence to the contrary. As The Associated Press reported, Although Spirit had gone bankrupt twice before, the company said high oil prices, which have been rising because of the war with Iran, made it impossible to stay aloft. NBC News added, Spirit, which has struggled to maintain consistent profitability since the Covid-19 pandemic, had been looking to emerge from its second bankruptcy in less than a year. But those plans were derailed amid soaring jet fuel costs sparked by the outbreak of the war with Iran.
If Republicans want to argue that Spirit was facing real challenges before the war with Iran, thats a fair point. But while they scramble to convince the public that Joe Biden (or, according to some GOP voices, Democratic Sen. Elizabeth Warren of Massachusetts) was the main culprit, the fact remains that the war pushed fuel prices higher, and according to Spirits own executives, this proved to be the death blow for the company.
Nevertheless, in the days that followed, Commerce Secretary Howard Lutnick led a Trump administration initiative to bail out Spirit Airlines, as part of a deal that would have led the federal government to take a significant ownership stake in the business. A variety of Republicans raised a new round of concerns about state-run capitalism, the private negotiations ultimately failed, and the carrier permanently closed its doors late last week.
One day later, Trump administration officials, led in large part by Transportation Secretary Sean Duffy, moved away from the presidents effort to blame Obama and instead tried to convince the public of a related claim: This was the Biden administrations fault.
Sean Duffy on Spirit Airlines: "I think it's important to talk about why we are here today. Joe Biden and Pete Buttigieg ... "
— Aaron Rupar (@atrupar.com) 2026-05-02T16:23:59.743Z
On Sunday, Treasury Secretary Scott Bessent also toed the new party line.
BARTIROMO: Treasury was supposed to be doing a deal to save Spirit Airlines. Can you tell us what happened?
— Aaron Rupar (@atrupar.com) 2026-05-03T15:31:34.251Z
BESSENT: This is just more of the mess we inherited from the Biden administration
....There are, however, two foundational problems. The first, as The Atlantics James Surowiecki explained, If JetBlues acquisition of Spirit had been approved, theres a good chance JetBlue would now be headed into bankruptcy, too.
The second is that the White Houses pitch is part of a clumsy attempt to answer the question of why exactly Spirit folded. At a press conference on Saturday, Duffy told reporters, The war was not the impetus for Spirit.
Theres ample evidence to the contrary. As The Associated Press reported, Although Spirit had gone bankrupt twice before, the company said high oil prices, which have been rising because of the war with Iran, made it impossible to stay aloft. NBC News added, Spirit, which has struggled to maintain consistent profitability since the Covid-19 pandemic, had been looking to emerge from its second bankruptcy in less than a year. But those plans were derailed amid soaring jet fuel costs sparked by the outbreak of the war with Iran.
If Republicans want to argue that Spirit was facing real challenges before the war with Iran, thats a fair point. But while they scramble to convince the public that Joe Biden (or, according to some GOP voices, Democratic Sen. Elizabeth Warren of Massachusetts) was the main culprit, the fact remains that the war pushed fuel prices higher, and according to Spirits own executives, this proved to be the death blow for the company.
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Spirit Airlines shuts down after White House rescue deal falls through [View all]
BumRushDaShow
Saturday
OP
"Everything he touches, dies." He's still breathing so it's not everything.
cstanleytech
Saturday
#7
It's the Bezos Washington Post as a source. You expect anything but a stroke job for Trump?
AZLD4Candidate
Saturday
#9
This would have been more of public liability and private profit. Hooray American style capitalism!
AZLD4Candidate
Saturday
#11
MaddowBlog-Team Trump tries to blame Biden for Spirit Airlines' collapse, but reality gets in the way
LetMyPeopleVote
2 hrs ago
#27
MaddowBlog-Team Trump tries to blame Biden for Spirit Airlines' collapse, but reality gets in the way
LetMyPeopleVote
2 hrs ago
#28