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I’m not a huge fan of corporate mergers, but there was a pretty clear exit ramp that would have averted Spirit going out of business, and it was the Spirit / JetBlue merger. Democrats led by Sen. Elizabeth Warren, who seemed to be running half the Biden administration, took credit for killing the deal, claiming that the “merger would have led to fewer flights and higher fares.”
On social media, Warren is arguing that the Iran war is to blame for Spirit shutting down. Except that Spirit faced bankruptcy long before the war. It came out of Chapter 11 at the end of last year.
Now, Warren suddenly doesn’t want the credit for killing the merger after previously calling it a “Biden win for flyers.” Now she’s arguing that “FWIW, JetBlue merger failed because a judge, appointed by Ronald Reagan, said the deal was illegal.”
The judge in question, District Judge William Young, is a Trump-hating nutjob. The case was brought by a Justice Department stacked with leftists. Warren now wants to walk away from a case she promoted.
And there’s plenty of behind the scenes agendas. Remember that the Jet Blue and Spirit merger was the alternative to a hellscape merger between Frontier and Spirit. There were shareholders and financial interests involved on both sides. Did any of those influence the opposition to the merger?
Could be.
Either way, Sen. Warren wanted the credit for killing the merger. Now she doesn’t want it anymore.
Now I suppose we’ll be getting higher fares and fewer flights after all.
Is Sen. Warren taking a victory lap over the 17,000 Sprit employees losing their jobs?
I hope she’s proud of her hard efforts on behalf of the working public.
Massachusetts can do better than this.
Massachusetts has been electing corrupt incompetents to the Senate for at least 50 years, why would you expect them to want to do better? They know exactly what they’re getting.
You’re probably right Larry. That remark was my BAD attempt at embarrassing them.
My dyslexia first saw the headline as: “Sen. Elizabeth Warren Killed”
My spirit jumped for joy for a millisecond. But then MAGA are not the demonic dastardly demonic dumb as dems – we do not try endlessly to destroy or murder in premedited conspiratorial cold blood –
Senator Pocahontas speak with forked tongue. Had she been alive in the 16th century, she would have opposed Cortes bringing horses to North America. She woulda’ tomahawked him.
And then would have claimed it wasn’t her tomahawk.