Posted on 08/24/2025 2:05:02 AM PDT by RandFan
@EdwinLandy
It was an appropriation made by Trump unlawfully. The money was supposed to go to Intel's performance of grant objectives, but instead of that, Trump changed it that they just have to give up stock for the money. Grants are not free money. They are a special kind of contact. Anyway, there is no legal authority behind his actions, so he'll handle it however he wants until someone successfully challenges him.
Reagan Bailed out Chrysler, CEO Lee Iacocca paid back the loan in what, a year?
I didn’t think it was a good idea then, I don’t think it’s a good idea NOW for MY TAX DOLLARS to support large “too big to fail” businesses which are, well, FAILING.
NO CONSTITUTIONAL AUTHORITY for it.
On that I disagree. Trump knows that every thing he does gets challenged in court.
Who are the likely parties on this to take it all the way? I’m not sure unless someone is particularly put out by it (not an expert on the case...).
Haha. Of course it is.
“Point me to the Constitution where it provides for funding NGO’s?”
You’re silly...NGO public funding on tax dollars is right there in the Constitution next to over-spending and that creating debt is OK, now at $37,000,000,000,000.
Who are the parties involved in the fifty-leven other cases that are brought up against Trump’s decisions? It’s never been a problem finding someone to file a case.
Thank you for talking the time to lay out the facts.
Tongues wag while American safety is at risk.
Trump puts America first in this, as in all things. Without a chipmaker on American soil America is not only vulnerable in time of war but the revival of American industry including defense is problematic.
To try and parse out theoretical implications via a created crisis is in character for libertarians and others who try desperately to find fault in all things Trump or reasons to justify inaction. Snares to entrap the honorable and to obstruct America’s revival.
Then we can all feel virtuous while scratching our heads and wondering why no one did anything to rescue America while the Country slid into being a third world cesspit.
yes, we agree
but it keeps happening,
GM
Chrysler
Banks and more Banks
Intel
I guess some of these bailouts are “necessary” but they sure do violate our principles of government ... my conclusion:
genuine conservatives view government as a necessity
while
many other folks view government as an opportunity
I, too, hate Trump using government money to buy into Intel. I’m just saying conservatives can fight back in a way that fixes more than just that problem. Use this as a platform to fight against all the other ways government is too interconnected with “private” industry.
He didn’t. The money was already given by the “CHIPS Act” under Biden. Trump just leveraged the money given so that America gets some of it back when Intel succeeds. The action was a result of his meeting with Lip-Bu Tan the head of Intel. Trump accepted Lip-Bu Tan’s offer of the stake as part of vetting Lip-Bu Tan’s commitment to American interests rather than being controlled by China. Trump had wanted Lip-Bu Tan’s resignation but upon meeting with him was satisfied that Intel would not betray America.
“The CHIPS Act, officially the CHIPS and Science Act of 2022, is a U.S. law that provides over $52 billion in funding, loans, and tax credits to boost domestic semiconductor manufacturing and research and development. Its goals are to strengthen the U.S. semiconductor supply chain, promote national security, and maintain technological leadership by encouraging companies to build chip plants and conduct R&D in America. The act also prohibits recipients of its funding from expanding advanced chip manufacturing in China and other countries deemed national security threats.”
Trump puts America first in this, as in all things. Without a chipmaker on American soil America is not only vulnerable in time of war but the revival of American industry including defense is problematic. Thank you for talking the time to lay out the facts.
y/v/w
Kudos for a succinct statement.
This thread exemplifies that.
Only yesterday it was about 3 billion less. Rising rapidly.
Succinct, accurate but not germane.
Let me offer another succinct and perhaps applicable adage.
When the only tool you have is a hammer, everything looks like a nail.
That act was passed when and under which administration? 2022 and under the Biden administration.
Nothing can go wrong. Nothing can go we--- wr--- wr---
Here are two more, courtesy of Will Rogers.
If you find yourself in a hole, stop digging.The quickest way to double your money is to fold it and put it back in your pocket.
Both absolutely true and brought with them a smile.
Important to look at the facts not what others want to spin as concerns. Fact is no additional funds promised. Fact is commitment to America sought & given. Fact is steps taken salvage something from typical liberal “throws money at a problem” so that liberal interests can benefit from graft & double dealing.
Just like the fake news this faux controversy is meant to ensnare and fragment Americans while damaging Trump. The motivation is to distract & derail resulting in protection of leftist interests & deep state.
Investopedia summarized: "The passive ownership stake, which is worth approximately $11.1 billion, is being funded by a combination of paid and not yet paid CHIPS Act awards, Intel said in a statement."
Unhappy NPR mentions: "Part of the government's stake, worth $5.7 billion, would be funded by grants awarded, but not yet paid, to the company under the CHIPS and Science Act, the 2022 law that authorized a total of nearly $53 billion in government funding for chip-related activities. Intel said it already received $2.2 billion in CHIPS grants, making a total investment of $11.1 billion. Another $3.2 billion will be awarded to the company as part of the Defense Department's Secure Enclave program, which funds semiconductor manufacturing in the U.S."
Just sayin'....
INTEL
Ownership:
The 10 largest shareholders of Intel as of December 2023 were:[241]
The Vanguard Group (9.12% of shares)
BlackRock (8.04%)
State Street (4.45%)
Capital International (2.29%)
Geode Capital Management (2.01%)
Primecap (1.78%)
Capital Research Global Investors (1.63%)
Morgan Stanley (1.18%)
Norges Bank (1.14%)
Northern Trust (1.05%)
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