This is an I-Heart podcast.

Guaranteed Human.

Broadcasting live from the Abraham Lincoln Radio Studio

at the George Washington Broadcast Center.

Jack Armstrong and Joe Getty.

Armstrong and Getty.

And now here's Armstrong and Getty.

The Trump administration is in advanced discussions with Spirit Airlines over a bailout worth up to $500 million, staving off the twice bankrupt carrier's liquidation and keeping its planes flying.

In exchange, the government would get warrants to purchase up to 90% of an airline that hasn't

made a profit since 2019 and projects it will lose nearly $200 million this year. A CBS News data

review found when an ultra-low-cost carrier-like spirit exits a route,

fares tend to increase.

So we taxpayers are going to run a sucky airline better than the professionals could on their own

and turn it profitable somehow.

Ted Cruz called it an absolutely terrible idea.

Tom Cotton said taxpayers should not be running an airline. A number of other prominent conservatives who come out against Trump's idea. Tom Cotton said taxpayers should not be running an airline. A number of other

prominent conservatives who come out against Trump's idea. Well, if only we had a recognized expert

in domestic policy studies. We do, actually, Lonhee Chen, who's the director of domestic

policy studies at Stanford University and the David and Diane Steffie Fellow in American

Public Policy

Studies at the Hoover Institution. And he joins us now, Lonhee. How are you, sir?

I'm doing well. Great to be back with you guys again. We don't need to be on this topic very

...