Schweizer: Spirit Air collapse a “classic Democrat problem"

Whether it is interfering with airline mergers, off-shoring a state’s oil refineries to Asia, or placing bets on chip makers, the nine scariest words in English are, in President Ronald Reagan’s immortal phrase, “I’m from the government, and I’m here to help.” The fall of Spirit Airlines “is the classic Democratic problem,” says author and investigative journalist Peter Schweizer. “They don’t understand the implications of their decisions, the costs and repercussions that affect real people’s lives.” On the most recent episode of The Drill Down podcast, Schweizer and co-host Eric Eggers tie a neat bow around Spirit Airlines, California oil refineries, and chip-maker Intel Corp.