Donald Trump is considering a government bailout for Spirit Airlines despite his previous criticism of auto industry rescues. The former Treasury counselor notes Trump's apparent hypocrisy, suggesting the government "would just buy" Spirit while offering no clear analysis or exit strategy.

The Obama administration's auto bailout, which Rattner helped lead, justified intervention as crucial to the American economy. That rescue involved detailed analysis, restructuring plans, and government ownership that was eventually sold off. Trump's proposal for Spirit lacks this deliberation and involves as much as $500 million with up to 90% ownership.

Spirit's troubles stem from its failed ultra-budget model and bankruptcy filings within 10 months. Unlike the auto industry that was vital to the Midwest economy, Spirit represents a single struggling business that capitalism should allow to fail. The government should let Spirit liquidate and add to the airline graveyard.