Think long term. What kind of regulatory capture is going to happen? Protected companies stagnate instead of innovate. That 10%? That’s not a cash deal. It’s not revenue for the share holders. It’s basically the value of all the CHIPS deal and other things that Intel was already getting. They literally gave 10% of the company away for free.
And it’s illegal. And it’s communism. It’s everything Republicans hated when the Obama administration gave Solyndra a loan. This is pure corruption and will end badly for everyone.
The stock is up. But that’s not because this is good. It’s up because investors didn’t think this through. Short term profit vs long term fail.
Intel is stagnating since the x86 instruction set because the PC platform default. They have been a drag, along with microsoft on all things computers since the 1980s
Now imagine how government will effect that. You know how the government’s been trying to put back doors into hardware? A lot easier to do when you own part of a major chip manufacturer. Do you think having a steady supply of government orders will make them innovate or get lazier? Why is the government proving up a dragging company? Isn’t that picking losers and winners like Republicans had issues with in the Solyndra deal?
Intel failing isn’t a reason for the government to get involved, it’s a reason to stay away.
This ain’t gonna be that buddy, this is capitalist maneuvers the whole way. Either funds will be shoveled into private pockets or the value of this will be juiced to support the extrajudicial shit that’s going on.
Prior to a week ago every conservative was 100% against any form of government corporate ownership. They hated TARP, Solyndra and quantitative easing. They went so far as to want to privatize social security and the post office. Countless hours have been spent justifying all of this and it was baked into their identity that it was all bad in any flavor.
Then, suddenly, Trump is for it and they fall into line without a moment of cognitive dilemma. Cult mentality. They cared about communism before and suddenly they don’t and they haven’t given us a reason. They haven’t admitted their change.
The government holding ownership stakes in companies. If so, have you been in favor for a long time or did it start this week?
Because I’m focusing on the people that just recently adopted this position after years of opposition to anything that even smelled like government interfering with business.
If the government owns every company, maybe you have communism, but most likely what you have is autocracy. If the government owns a 10% stake of one company, that’s some nationalisation. There are good reasons for it in capitalism, such as for regulating natural monopolies. I’m not sure Intel falls into "good reasons,’ since it appears to me to be some kind of corruption.
10% for now. Trump always changes his mind.
One company for now. Except the 15% tax that exists only on Nvidia. 15% for now. Trump always changes his mind.
Broken record: if Biden or Obama did this the same MAGA people making excuses would be decrying this government overreach. And what happens when Trump isn’t in office anymore? When a Dem embraces and extends this governor power grab?
Think long term. What kind of regulatory capture is going to happen? Protected companies stagnate instead of innovate. That 10%? That’s not a cash deal. It’s not revenue for the share holders. It’s basically the value of all the CHIPS deal and other things that Intel was already getting. They literally gave 10% of the company away for free.
And it’s illegal. And it’s communism. It’s everything Republicans hated when the Obama administration gave Solyndra a loan. This is pure corruption and will end badly for everyone.
The stock is up. But that’s not because this is good. It’s up because investors didn’t think this through. Short term profit vs long term fail.
Intel is stagnating since the x86 instruction set because the PC platform default. They have been a drag, along with microsoft on all things computers since the 1980s
Now imagine how government will effect that. You know how the government’s been trying to put back doors into hardware? A lot easier to do when you own part of a major chip manufacturer. Do you think having a steady supply of government orders will make them innovate or get lazier? Why is the government proving up a dragging company? Isn’t that picking losers and winners like Republicans had issues with in the Solyndra deal?
Intel failing isn’t a reason for the government to get involved, it’s a reason to stay away.
COOOOOOOOMMMUUUUUUNIIIIIIISSSSSMMMMMMMM!!!
This ain’t gonna be that buddy, this is capitalist maneuvers the whole way. Either funds will be shoveled into private pockets or the value of this will be juiced to support the extrajudicial shit that’s going on.
Prior to a week ago every conservative was 100% against any form of government corporate ownership. They hated TARP, Solyndra and quantitative easing. They went so far as to want to privatize social security and the post office. Countless hours have been spent justifying all of this and it was baked into their identity that it was all bad in any flavor.
Then, suddenly, Trump is for it and they fall into line without a moment of cognitive dilemma. Cult mentality. They cared about communism before and suddenly they don’t and they haven’t given us a reason. They haven’t admitted their change.
I don’t disagree with anything else you said, they are a cult it’s just not communist at all. Fascist yes
Not communist except for the government ownership of companies?
Plenty of capitalist companies are government owned. Canada has crown corporations, for example, that do generate profits. https://en.wikipedia.org/wiki/List_of_government-owned_companies
Are you in favor of this?
In favour of what
The government holding ownership stakes in companies. If so, have you been in favor for a long time or did it start this week? Because I’m focusing on the people that just recently adopted this position after years of opposition to anything that even smelled like government interfering with business.
If the government owns every company, maybe you have communism, but most likely what you have is autocracy. If the government owns a 10% stake of one company, that’s some nationalisation. There are good reasons for it in capitalism, such as for regulating natural monopolies. I’m not sure Intel falls into "good reasons,’ since it appears to me to be some kind of corruption.
10% for now. Trump always changes his mind. One company for now. Except the 15% tax that exists only on Nvidia. 15% for now. Trump always changes his mind.
Broken record: if Biden or Obama did this the same MAGA people making excuses would be decrying this government overreach. And what happens when Trump isn’t in office anymore? When a Dem embraces and extends this governor power grab?
I agree with everything you said. But none of it is a rebuttal to what I said