a repeat of what had happened to ticket prices when airlines go belly up in the past, not much. egs include American Airline filed for bankruptcy, https://www.thestreet.com/investing/stocks/american-air-bankruptcy-may-mean-fare-sale-11327225, Frontier Airlines Comair, a division of Delta Airline
They have an occasional profitable quarter, but the last two years both ended operating at a loss. They have not recovered to their pre-COVID levels, they are currently around where they were during the worst part of the pandemic. We'll see if they recover, but they are not in a good spot right now.
Saying that you know the Biden administration is going to block the deal doesn't mean the deal is bad or that Spirit is in good shape. There is a reason that Spirit's shareholders voted to sell to JetBlue. They thought they would be better off getting bought out by a competitor than trying to stay in business. Obviously the most anti-business administration in decades isn't going to support the deal. Acknowledging that fact doesn't mean the deal is bad. Even here, the CEO is suggesting that the alternative is a different merger (with Frontier), not that Spirit should continue on its own.
Uhh wtf? Most anti business businesses my ass. According to who huh ? You mean most anti monopolist administration in a generation. Small business are fully behind the ftc agenda and its those folks who benefit the most. Go read the comment section on the FTC challenge to PBM pricing rebates. There were over 2000 small independent pharmacies that credited the ftc. I'm 100% an American capitalist and I love this country. American capitalism should truly be free open markets with colluding from monopolies. Biden is swinging big nd good for him. What citizens are tired of are lazy corrupt politicians who bootlick corporate money.
I guess one way it could come up is if a President promised to nominate a white male judge and a woke Senate promised to not confirm any white male judge. Or conversely, a president promised to nominate a minority judge and an anti-woke Senate promised to not confirm any judge that met that identified identity. Then one or the other might appeal to the Supreme Court to break the impasse and SCOTUS would need to opine on whether it violates equal protection to consider identity in nominations. If they go into bankruptcy, they may continue to operate and compete as bankruptcy court works through their debt. They may emerge at the end a stronger company. They could also be sold as part of the bankruptcy process, or their assets could be sold to pay off debts. Their planes would likely continue to fly either for Spirit or in someone's else fleet. I don't have an opinion either way on whether the merger is anti-competitive; it might be and I'm content to trust the process we have to make that determination. But, their bankruptcy isn't something to be feared by American consumers either. These corporations don't just disappear when they go belly up.
Hes a corporate ghoul. Spirit isn't going bankrupt anytime soon and they know the merger is bs. Read this thread. Corporate ghouls are bad for society. Sad
Eh, I'm a corporate ghoul too. I like to think we're not so bad. Maybe we need better branding. As for Spirit, they took the better deal for shareholders, perhaps gambling that the government wouldn't stop them. I don't blame them for pursuing their rational self-interest. It is on the government to provide reasonable and robust regulation to protect consumers, and it sounds like they are endeavoring to do just that. I'm not out to stick it to corporations; I just want robust competitive markets in which those corporations will provide the best service they can and take only normal profits for doing so. If at the end of this process they decide this merger does that and is good for consumers, fine. If they block it, fine. In general (and especially regarding tech), I don't think regulators have been aggressive enough in protecting consumers and we've seen a lot of anti-competitive behavior. So I'm glad to see the regulatory tenor change, but I'm not depending on the outcome of this particular or any other case to go in a particular direction.
How Biden Got From ‘No More Drilling’ to Backing a Huge Project in Alaska High gas prices, a looming election and fears of a costly legal battle seem to have shifted the political calculus for the president. https://www.nytimes.com/2023/03/13/climate/willow-biden-oil-climate.html excerpt: WASHINGTON — As a candidate, Joseph R. Biden promised voters worried about the warming planet “No more drilling on federal lands, period. Period, period, period.” On Monday, President Biden approved an enormous $8 billion plan to extract 600 million barrels of oil from pristine federal land in Alaska. The distance between Mr. Biden’s campaign pledge and his blessing on that plan, known as the Willow project, is explained by a global energy crisis, intense pressure from Alaska lawmakers (including the state’s lone Democratic House member), a looming election year and a complicated legal landscape that government lawyers said left few choices for Mr. Biden. Senator Lisa Murkowski, an Alaska Republican and one of the chief advocates for Willow, which is projected to generate 2,500 jobs and millions in revenue for her state, said the president was inclined to oppose it and “needed to really be brought around.” Mr. Biden was acutely aware of his campaign pledge, according to multiple administration officials involved in discussions over the past several weeks. Environmental activists had also openly warned that Mr. Biden’s climate record, which includes making landmark investments in clean energy, would be undermined if he approved Willow, and that young voters in particular could turn against him. more at the link
I voted for Biden but I don't think he is a competent leader. If it is Trump and Biden again, I would not vote for either.
It would be a bad situation for the country to be in but, in that case, only one of the two candidates with a chance of winning would be willing to lose an election and/or uphold democratic values. And it's not the one who tried to overturn the last election.
Biden sure gets a lot done for someone who’s incompetent. https://www.whitehouse.gov/briefing...-gun-violence-and-make-our-communities-safer/
Yes passing more landmark legislation than any other president in modern history with the slimmest margin in modern history means he's a very incompetent president. One guy wants to end democracy and pardon all felons who stormed the capital while the other is trying pass free childcare and Healthcare. They're both the same right? Lmaoooo our society is so ****ed
I simply don't understand this mindset. It is your right to vote or not to vote but you can hate 2 things and realize one is better for the country. I`ve had many times when I had to pick the lesser of 2 evil`s (Bush Sr was my first) but you should make your voice heard, that's what makes America great, you get a voice and when you don't use it you do a disservice to your community and country. But thats what makes it the best country in the world, you have a choice
I’ve never seen a more Biden cheerleader than @astros123 … I am going to enjoy his loss more than I should - this country deserves better
Again I'm an anti trust champion. I've been on numerous anti trust panels nd I work in rural America every day. I'm not some partisan loser . I've said this a million times but Obama and Clinton were bad presidents simply because of their negligent of anti trust and corporate consolidation. Obama is single handily responsible for so many of our corporate consolidation issues. I can give you 30 acquisitions that happened during Obama which shouldn't have happened. You people like to fight between each other about personalities wars while I'm strictly policy driven. I'm agaisnt corporate america and I'm for any leader who's willing to break up corporate America. I don't give a **** about personalities. I'm a policy driven person and biden anti trust enforcement is paying dividend in my Industry. FTC is bringing back 1930s law to help break up corporate consolidation and I'm totally here for it.
https://www.wsj.com/articles/democr...stan-crime-c53cfba?mod=hp_opin_pos_6#cxrecs_s Democrats Fear the Truth About Biden’s 2024 Presidential Run A re-election campaign is a manifestly bad idea, but members of his party are too cowardly to admit it. By Julian Epstein March 15, 2023 at 6:36 pm ET Democrats have spent seven years rightly excoriating Republicans for refusing to distance themselves from Donald Trump on Russian election interference, the Jan. 6, 2021, Capitol attack, his foolish proclamations on Covid, coziness with extremists and much else. Some have even called Trump supporters “Vichy Republicans.” But my fellow Democrats have shown their own kind of cowardice by refusing to say that President Biden shouldn’t run for re-election. Polls show most Democratic voters don’t want Mr. Biden to run again, but Democratic elites apparently believe that any dissent from party leadership or independent thinking—even in the name of an obvious truth—is dangerous to their job security. To be sure, opposing Mr. Biden’s 2024 run can be tricky. He is a preternatural panderer with nearly every audience, which keeps many activist groups at bay. And increasingly he comes across—even to his supporters—as a foggy retiree. Attacking him can seem ageist, even sadistic. But unlike his Democratic presidential predecessors, Mr. Biden’s job approval has been consistently in the dumps, and his legislative record is debatable at best. He and his staff promised centrism but instead governed from the far left. Voters of all races—especially working-class voters, for whom Democrats claim to fight—continue to desert the party. There are four reasons Mr. Biden shouldn’t run. First, he consistently makes embarrassing and confused misstatements on nearly every policy front: Afghanistan (glaringly inept claims about Al Qaeda’s reconstitution and his generals’ support for total withdrawal, among many others), Ukraine (the suggestion that “minor incursions” by Russia may be tolerated and followed by an implication that forces from the North Atlantic Treaty Organization could join the conflict), student-loan forgiveness (false claims that Congress authorized it), nearly every other major policy area and even his own life story. He’s always been a gaffe machine, but the condition is worsening. The president seems frequently confused on stage, unable to identify public officials and even calling on a deceased official. None of us can imagine him surviving a press grilling without countless mistakes. An increasingly partisan mainstream news media gives Mr. Biden a pass. A few years ago, the media would have savaged any president for the mind-numbing regularity of the gaffes. Second, the Biden economy has been the worst-performing of any Democratic president since Jimmy Carter by most measures. Voters have expressed strong bipartisan dissatisfaction with the worst inflation and interest-rates hikes in nearly half a century after White House economic bureaucrats pushed for an additional and unneeded $2 trillion Covid stimulus—far in excess of the $400 billion shortfall in gross domestic product at the end of 2020. Many of the supposedly new jobs created under Mr. Biden are rebound jobs from the pandemic, and labor-force participation is abysmally low. Retirement funds have been decimated with one of the worst-performing stock markets in memory. Mr. Biden’s war against oil and gas was bungled for lack of a meaningful long-term transition plan for decarbonization, and the result only aggravated inflation. Third, while partisans in the news media would have you believe the president has significant legislative accomplishments, it’s a hard case to make. The infrastructure bill was a consensus bipartisan bill years in the making. The Chips Act, while important, had no meaningful dissent. The Inflation Reduction Act hasn’t much reduced inflation, and the bill’s renewable energy subsidies, while helpful, will have a marginal impact on climate change without a more meaningful international framework on carbon reduction. Fourth, Mr. Biden promised to govern as a centrist but stayed silent until this month when local progressives pushed to defund the police and reduce prosecutions, holding fewer criminal suspects amid dramatic crime spikes in the nation’s cities. The White House denied that local school administrators were pushing extremist ideas on race and gender despite mounting evidence that many are. There were nearly three million illegal border crossings in 2022, a record, as the White House shrugged it shoulders. The Biden administration apparently believes it got a pass on these issues because Republicans underperformed on Election Day 2022. The real reason Republicans underperformed is that Mr. Trump’s election grandstanding penalized the candidates he endorsed by 5 to 7 points, and the abortion issue may have given Democrats a temporary bump. There was still a 7-point swing in the popular vote in favor of Republicans, and the election would have been a wipeout absent that Trump penalty. In the governor’s race in Florida, and elsewhere across the country, Democrats saw hemorrhaging of their traditional constituencies, mostly because of concerns over the far-leftward drift of the party. Democrats would be smart to find someone with the wherewithal to recognize this and right the ship. Mr. Epstein has served as chief counsel to the House Judiciary Committee and staff director to the House Oversight Committee Democrats. Appeared in the March 16, 2023, print edition as 'Democrats Fear the Truth About Biden'.
I don’t understand this mindset at all unless you consume a lot of Russia bot type of propaganda that is designed to suppress Democratic voters. Trump literally tried to overturn democracy dude. Yes Biden isn’t going to inspire every American with Lincoln level speeches and JFK level charisma, but he’s gotten more legislation passed that in theory you voted for, than nearly any president in our lifetime. I get that you might want someone better but IF Biden becomes the nominee again, I personally think you’d be nuts to switch your vote this time by not voting (which is a vote for Trump whether you want it to be or not) unless you have changed your position to be one of wanting a more autocratic right wing governing system which does not believe in democracy one bit. So the question really is do you still believe in Democracy or have you changed? If you have, then that is what it is, but if not, I would encourage you to get your head out of the suppression propaganda circle and have some perspective. You cannot afford to allow yourself both sidesism strategic ignorance.
