Let Spirit Airlines Die |
Why Is Trump Obsessed With Saving Spirit Airlines?
Mr. Rattner, a contributing Opinion writer, served as counselor to the Treasury secretary in the Obama administration.
I remember when, as a presidential candidate, Donald Trump lambasted Barack Obama for bailing out automakers after the financial crisis, an effort President Obama asked me to lead. The auto industry should have gone bankrupt and “rebuilt itself, through the free enterprise system,” Mr. Trump said then.
So I couldn’t help being struck by the casual suggestion by Mr. Trump, sitting in the Oval Office last week, that the government bail out Spirit Airlines, the long-ailing air carrier that is on the brink of collapse. And not........