They're a bad strategy when you have the government coming in and bailing out giant corporations, but they're particularly bad when the government doesn't know a damn thing about the business. And so If we'd ended up giving $500 million to Spirit... I believe we would have lost our money. lost our money. In fact, I had said, somewhat cynically, a better idea was simply to put $500 million in a pile on the floor, pour gasoline on it and light it, because then at least you'd get some warmth. (25:06–25:18)
CLAIM
Asserts that the bailout would have resulted in financial loss for the government.
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