What Trump is doing here is actually wrong

Chip producers have entered the MIC group chat.
Further proof Trump isn't really defined by idealogy for both good and bad.
The left criticism of this is pretty funny. Next Trump will pass universal Healthcare and they'll be against it.
Against this on principle but it ranks somewhere where Central does for academics and football in importance.
 
I might add this is probably less intrusive than the government has been for car manufacturers since Obama cut a deal with them.
I oppose both but this is small potatoes.
 
WestlinnDuck said:
Who owns Grand Coulee and Bonneville dams? Who owns the VA? Who owns Mt. Rainer National Park? Who owns more than half of the state of Oregon? Who owns the nation's largest bank? Questions that AOG seems to never have thought about.
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embarrassing
you've seen better days, Gasbag
most of them were during the first world war
 
AOG said:
thechatch said:
AOG said:
It's communism when state owns the capital, the means of production. Stop rationalizing.
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Buddy while I’m opposed to the investment personally, this ain’t that. You need to read a little.
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Well call it whatever you want I suppose. It's fucked up when the aspiring autocrat sends troops into the street and takes state shares in large industry at the same time as he orders Texas to gerrymander the map, and they respond. You really think he's stopping here?
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Federal troops in the federal capital.

Fucking idiot
 
HHusky said:
WestlinnDuck said:
Who owns Grand Coulee and Bonneville dams? Who owns the VA? Who owns Mt. Rainer National Park? Who owns more than half of the state of Oregon? Who owns the nation's largest bank? Questions that AOG seems to never have thought about.
Click to expand...
embarrassing
you've seen better days, Gasbag
most of them were during the first world war
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Typical disgusting H post. When the city road is available, you dig deepest.
 
AOG said:
Just keep up your rationalizing… even Everett, as limited as he is otherwise, sees the light here.

It's even worse than this since Trump sees himself in a king-like role and can't distinguish between what he owns and what the state owns very well. He is an idiot. So he probably just thinks he got himself a 10% stake. He is probably not planning on leaving the White House, or at least probably planning to stay there with junior as president.
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I see Joy sent you your talking points. Of course you never miss it.
 
National Economic Council Director Kevin Hassett told CNBC that the U.S. government could perhaps take equity stakes in more companies through an American sovereign wealth fund.
Governments throughout Europe, Asia, and the Middle East use such funds to make investments in companies and other financial assets, CNBC added.
"The bottom line is that because of the CHIPS Act, the U.S. government had decided to give a whole bunch of money to Intel, and President Trump and [Commerce Secretary] Howard Lutnick … talked to Intel about the progress they were making and the hurdles they had to hop over in order to get the money, and I don't think they were particularly happy with that progress," Hassett told CNBC.
"So, in the end, they worked out a deal where Intel is going to get the CHIPS money but in exchange we're going to get some equity, and the equity is not voting, so there's not going to be government intrusion into the business of Intel. It's more like a down payment on a sovereign wealth fund, which many, many countries have."
 
RaceBannon said:
National Economic Council Director https://www.nbcnews.com/business/business-news/us-stakes-companies-trump-sovereign-wealth-fund-rcna226946 told CNBC that the U.S. government could perhaps take equity stakes in more companies through an American sovereign wealth fund.
Governments throughout Europe, Asia, and the Middle East use such funds to make investments in companies and other financial assets, CNBC added.
"The bottom line is that because of the CHIPS Act, the U.S. government had decided to give a whole bunch of money to Intel, and President Trump and [Commerce Secretary] Howard Lutnick … talked to Intel about the progress they were making and the hurdles they had to hop over in order to get the money, and I don't think they were particularly happy with that progress," Hassett told CNBC.
"So, in the end, they worked out a deal where Intel is going to get the CHIPS money but in exchange we're going to get some equity, and the equity is not voting, so there's not going to be government intrusion into the business of Intel. It's more like a down payment on a sovereign wealth fund, which many, many countries have."
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Good poast. Definitely mitigates my gut reaction, which is projectile vomiting opposed to the idea.
 
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