Post
I mean two things can be true at once - the budget carrier business can be a complete fugaze that never worked without artificially suppressed interest rates and was at this point, pretty much a long con job for a bailout...
and, the reason Spirit went under NOW is because of fuel costs associated with Trump's unhinged criminal war against Iran.
Like both of those things ARE objectively true. Trump doesn't get to say he didn't break it but also that whole industry is underwater and flailing.
There's actually a ton of shit in the private sector that more or less isn't even profitable without hot cheap money, which was achieved via US economic policy after the Crash of 08 and then, in the opinion of many (including me) artificially maintained for a very long time to allow the investor class to literally borrow money to buy all YOUR distressed assets as the fallout from the crash and bailout rippled through the economy. It was some dark dark shit.
One of the reasons Trunmp and the fash are so adamant about low interest rates is that they and their ruling class allies/donors/paymasters want to do this shit again. But also Trump is friends with all kinds of guys who got rich in the past 10-12 years off a business model that doesn't even fucking work without extremely low interest rates/cheap hot money and none of those guys wanted the party to stop when the Fed raised the Prime in the first place. Hence, Trump's war with Powell.
Install bonfire.cafe
Get the full app experience
