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Trump wants our tax dollars to save Spirit from his own mess

21 0
27.04.2026

President Trump is considering a $500 million government bailout for Spirit Airlines, which faces challenges from rising fuel costs.

Trump Media & Technology Group, which went public in 2024, has seen its stock value decline significantly.

The company's own Truth Social AI stated the firm has not been successful for most investors.

Truth Social AI also noted that a bailout for Spirit Airlines does not align with Trump's past campaign promises against corporate welfare.

The recent intersection of two business stories – both connected to President Donald Trump – reminded me about how the formerly bankrupt casino owner can crater a company but still cash out for himself.

Trump's reputation as a competent business owner was always a television-made myth, born of the reality TV show, "The Apprentice." Trump may know how to make money for himself. But if you invest in him, Trump also knows how to squander your cash.

I started thinking about this when the news broke that Trump is mulling a $500 million corporate bailout that would have the U.S. government take a stake in Spirit Airlines to save that company from another bankruptcy. The company, like the aviation industry worldwide, has faced challenges from rising fuel costs due to Trump's war of choice in Iran.

"We're thinking about doing it, helping them out, meaning bailing them out, or buying it," Trump said on April 23 about a Spirit Airlines bailout. "And when the price of the oil goes down, we'll sell it for a profit."

So Trumpian: Start........

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