Gold enthusiast Peter Schiff said Monday that President Donald Trump has more in common with Rep. Alexandria Ocasio-Cortez (D-N.Y.) than Ronald Reagan, after the president floated using taxpayer money to buy Spirit Airlines out of bankruptcy.
If the proposal is sincere, Schiff posted on X, “either Trump doesn’t understand how capitalism works or doesn’t believe in its principles.”
The $500 Million Lifeline
Trump confirmed Thursday from the Oval Office that the government is weighing a taxpayer-funded takeover of the carrier, telling reporters he would “do it to save jobs” at the right price.
A tentative deal would hand Spirit a $500 million loan in exchange for warrants that could give the U.S. government as much as a 90% stake, according to CNBC. Spirit’s lawyer told a New York bankruptcy court Thursday that talks were at an advanced stage.
The airline …
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