Welcome back to OnThePoint, I’m Greg C. Truax.
Let’s give credit where it’s due–to the Biden Administration’s antitrust crusaders, whose policies helped block Spirit Airlines’ last best chance to survive.
A Wall Street Journal editorial argues the left revived long-discredited antitrust theories treating nearly every merger as anti-competitive. Those ideas were tested on airline–with damaging results.In 2021, the Biden Justice Department challenged JetBlue’s alliance with American Airlines in the Northeast. In 2022, JetBlue tried to merge with Spirit. The DOJ sued–and won in January 2024. As the editorial argues, the Spirit fiasco shows what happens when lawyers and politicians indulge theories untethered to reality–putting thousands of jobs at risk.
It’s a stark warning about rule by progressive “experts.”
From the NewsTalk 1040 studios, I’m Greg C. Truax.
Greg C. Truax is president of GCTMediaGroup, a film production studio, online magazine publisher, radio commentator, and creator of written and broadcast opinion commentary.