James Stout

Like, we finally found, I've been talking about this in tariff episodes for a long time, where we've been looking for the limit of the president's ability to go, this is a national security concern.

And apparently the limit is buying Spirit Airlines.

Yeah.

Would have been fun to see Spirit.

The one kind of final note I want to talk about is that there's been a lot of blaming of this from the administration.

And, you know, there's even been some of this in places like Ceylon where there's been a lot of blame on the Biden administration's antitrust unit because in 2022, there had been an attempt by Spirit Airlines to, like, merge with JetBlue.

which is like a slightly nicer airline.

There's a lot of people going, oh, well, they wouldn't have gone out of business if they'd been allowed to use a merger.

The Biden administration needs to trust people where this is obviously a competition issue.

And that's maybe kind of true, but it's also like...

It's not clear to me that like a JetBlue Spirit airline wouldn't also be in really bad shape right now.

Yeah, totally.

Yeah.

I think the thing about competition, right, is that sometimes you go out of business.

And I know this is something that like business people absolutely despise and like pro-monopoly people absolutely despise.

But like in theory, if you are a supporter of the free market, that means sometimes the firms go under.

Yeah.

And they're all very mad about this.

Especially airlines.

Lots of airlines die out.