Biden and Buttg are to blame for furloughs
04-09-2024 | 05:24 AM
#21
Line Holder
Joined: Aug 2016
Posts: 729
Likes: 22
From: Bus CA
Please correct me if I'm wrong here. Didn't Spirit shareholders vote in favor of the JB merger over the F9 merger? Didn't NK management warn shareholders that they were not confident that a JB merger would be approved? So if NK mgmt warned against a JB merger and the shareholders voted for the JB merger anyway, is there not an argument here that the NK shareholders have a large share of the responsibility for the current situation?
i still think there’s a path for survival for the airline currently know as Spirit, whether it be a merger (that doesn’t involve little Robin) or restructuring.
04-09-2024 | 07:30 AM
#22
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,120
Likes: 796
From: Engines Turn or People Swim
The Biden administration can hardly be blamed for finally enforcing an antitrust law that should have been enforced for decades. By a plain reading of the Clayton Act, the merger was illegal. The judge agreed. Plain and simple. JetBlue could have appealed, but they chose not to. They wanted out, or they didn’t think they could win on appeal. Spirit management warned the shareholders about this. They knew too.
Especially in conservative circles, claims are made that judges are “activists” seeking results and need to instead follow the “text” of the law. Well… that’s exactly what both the DOJ and the judge did in this case. They followed the text of the law.
I agree that the best outcome would’ve been for the merger to be approved and I feel awful for you guys, but let’s be real about where the blame lies.
Especially in conservative circles, claims are made that judges are “activists” seeking results and need to instead follow the “text” of the law. Well… that’s exactly what both the DOJ and the judge did in this case. They followed the text of the law.
I agree that the best outcome would’ve been for the merger to be approved and I feel awful for you guys, but let’s be real about where the blame lies.
https://www.theatlantic.com/ideas/ar...itrust/677192/
04-09-2024 | 12:04 PM
#23
Thread Starter
Banned
Joined: Apr 2017
Posts: 4,208
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Plain and simple, federal anti-trust laws are unconstitutional.
04-09-2024 | 12:30 PM
#24
Line Holder
Joined: May 2019
Posts: 354
Likes: 13
From: NYC Based 320 CA
I think it is a reach to blame this administration. If you want to blame someone for this merger not going through, I would blame JetBlue management. I truly believe that they started looking for the quickest and fastest escape offramp to get out of the merger once they got cold feet. Their arguments in court for the merger didn't do them any favors and then filing for the appeal and then shortly pulling the plug afterward was in my opinion a half-assed effort on their part to fight for the merger.
Bottomline, Spirit management is to blame for the position that Spirit is in today, having to rely on a merger to bail them out. It is unfortunate too.
Bottomline, Spirit management is to blame for the position that Spirit is in today, having to rely on a merger to bail them out. It is unfortunate too.
04-09-2024 | 01:39 PM
#27
Gets Weekends Off
Joined: Apr 2015
Posts: 2,928
Likes: 97
My point was, folks are wrongly trying to place blame at DOJ and Biden in reality that blame be placed with Spirit management/shareholders and JetBlue management....
04-09-2024 | 02:56 PM
#28
Gets Weekends Off
Joined: Feb 2010
Posts: 2,842
Likes: 93
Isn't it kind of strange that the Supreme Court disagrees with you?
You seem to disagree with the Supreme Court and most constitutional scholars, maybe you should leave the aviation scene and become a federal judge.
You seem to disagree with the Supreme Court and most constitutional scholars, maybe you should leave the aviation scene and become a federal judge.
04-09-2024 | 03:42 PM
#29
On Reserve
Joined: May 2021
Posts: 14
Likes: 5
From: In the pipe in the upstairs water closet
Not for nothing, but the judge who ruled on this case was a Reagan appointee. To argue that this horrible situation is purely political is nonsensical.
04-09-2024 | 03:46 PM
#30
Thread Starter
Banned
Joined: Apr 2017
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Because 99% of what the federal government does is unconstitutional. Ever read the Constitution? It's pretty clear.
