Government ownership pf private enterprise = state capitalism.
Plus, less than a week after demanding his resignation, President Donald Trump on Tuesday called the career of Intel's CEO an "amazing story."
An amazing story & still doing business with the Chicom military.
Mussolini would recognize this arrangement. Government owning businesses us a bad idea. Short circuits the market. A competitor cannot enter because they would be computing with the US government.
TACO Trump went from dissing the CEO to taking a stock in the company? What the.
Yes, I’m with you. This is a VERY BAD idea — it is industrial policy on steroids. It’s worse than the US Gov’t “investment” in Solyndra and many other such “investments.” It harms Intel’s competitors. It results in all companies hiring lots more K Street lobbyists to get them a seat at the table.
I’m very surprised Trump would do this.
It might be the best way to keep China (and others) away from our technology.
Private industry is best, but they usually end up being infiltrated.
Just spitballing.....
So will this mean then that the US Government will be directly funding the Intel )(and other Tech company) H-1B and Green Card hose-over of American citizens…
…the same US Citizens taxed at asinine rates to allow it to buy part of Intel…
…so that I’m directly funding my own abuse and the invasion of my country by Indians?!?
wow this seems like a terrible idea and just un American - this is what the commie Chinese do.
I favor “Golden Shares” as a tool to discourage foreign interference. Not so sure about taking stakes in companies but when faced with that vs. a bail-out grant I favor the stake. The country has given away too much money without a significant return already. We need to be exposed to the upside as well as failure. With grants all we really get is the failure and a little of the upside in taxes and employment someday.
“Plus, less than a week after demanding his resignation, President Donald Trump on Tuesday called the career of Intel’s CEO an “amazing story.””
Not the first time for being wishy-washy. Just like firing a man one day and praising him as you rehire him the next week.
Does Intel have trouble on the tech side with being competitive or a product value problem of some kind?
Watch if Peelousy buys Intel stock.
I am an AMD guy. I hate Intel’s hidden antics.
The gov has a nasty habit of ‘bailing out’ faulty companies from GM and the insane TARP giving endless free money to BANKERS of all people.
I wish Trump had taken a stake in Palantir on January 20.
I have a real bad feeling about the goobermint owning any private enterprise.
Trump a national socialist?
Let’s ask an antifa chick, a real nazi