Deborah Lucas

But at least right now, that conversation seems to have quieted down.

It clearly felt like a very bad idea.

It never makes economic sense to

to bail out a small, chronically unprofitable enterprise, particularly spirits in an industry where there's plenty of other suppliers.

You have to think also about who you're really helping when you bail out a company.

There's a lot of talk that it would have helped the employees of Spirit Airlines, but a typical bailout really doesn't just help the employees.

The main beneficiaries are the debt holders of the company.

Because what would happen if they were allowed to go bankrupt is those debt holders wouldn't get their money back in full.

They would have to take a loss.

If there's a bailout, where does the money go?

Well, one of the first places it goes

is to pay off those debts to make sure the company can honor its debts.

And so actually, a lot of bailouts are subsidies to the rich, if you will, they don't necessarily reach the people that you're hoping to, when you think about bailing out a company in order to save jobs.