Trump likes the idea of government owning some US companies but took a pass on Spirit Airlines

Key Topics in this News Article:
News Snapshot:

Synopsis President Trump showed interest in government taking over companies like Spirit Airlines. He saw these moves as financial wins and a way to boost the US economy. This approach marked a shift from traditional Republican views. Trump believed in government stakes for economic security and to compete with China. His administration made several investments in key industries. Washington: President Donald Trump had no qualms about a government takeover of Spirit Airlines, so long as the terms could be portrayed as a financial victory in what would have been the latest addition to a taxpayer-backed conglomerate of business interests. But…