United States government takes 10% of a private company

Politics
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At one point or another there has to come an admission that the President is neither a leftist or a conservative. He is the President.

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intel is not a private company

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I’m not a fan of the government owning businesses. This is the road to fascist economic policy. Government should not be in bed with industry.

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Thanks, Mamdani, and all the idiots who voted for him.

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This bothers me. I am opposed to it.

I was (and am) very concerned about the number of “pulic private partnerships” that took place during GFC (2010 recession) bailouts,
and again under Joe Biden.

This news, government converting a loan it never should have made
into 10% ownership, is a step in the wrong direction.

This bothers me. I am opposed to it.

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Well, the leftards have, with no concept of the definition, been freely calling the annoying orange a fascist. Finally he commits an act that meets the definition and

crickets.

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From the article:

“This proposal has gained a surprising supporter — Sen. Bernie Sanders (I-Vt.) He suggested it aligned with an earlier effort to secure returns from CHIPS and Science Act investments.
“No. Taxpayers should not be providing billions of dollars in corporate welfare to large, profitable corporations like Intel without getting anything in return,” he said in a statement. “

Why would it be surprising that Bernie would support this? Bernie is a socialist and socialism is basically the government owning the means of production.

But is this a good deal for Intel? You bet. If the US owns ten percent, can we really expect governmental decisions that might affect this and other companies to be neutral?

IMO, this is really an action where it is legitimate to say “If any President but Trump had done this…”.

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There is no other way to compete with Asian chipmakers. Make them an arm of the state like Samsung.

It will be entertaining, but not surprising, to watch the right hemisphere of the political world swallow their takes on the CHIPS act.

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See?
I knew there was a reason I used to like you. (wink)

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I’ll just keep on being a fan of AMD then.

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I mean has Intel done anything noteworthy on the CPU front since the 2010 Core i9 Extremes?

They are making GPUs and they’re surprisingly good for the money. But on the CPU side AMD has been cleaning their clock for a decade now.

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Thanks. You can substitute private enterprise and then respond or just ignore it what’s happening.

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But that’s the thing President Trump has done this. Why is he venturing into this?

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I am a leftard that started the thread :blush:

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1-- He is from New York.
In NY business are accustomed to the idea that business cannot perform even basic activites without government pemission.
(No meat cutters south of XYZ street. No fish wholesalers except in the designated government-owned maket, No taxis without a government-issued medallion. Can’t hire non-union electricians and can’t join a union unless a relative is already a member. No building taller than 12 stories unless . . . etc.

2–Because he never stopped to think what will happen the next time the D’s are in power.

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Some of those things are no longer true but we have new rules :upside_down_face:

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or you can call it what it really is and not create the narrative that trump is a fascist/socialist

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Ditto.

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What is it really?

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a public company. not private

go ahead, pick that apart now