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Did Trump act unlawfully? (Regarding Intel)
X ^ | Aug 23 | @EdwinLandy

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.


TOPICS: Business/Economy; Chit/Chat; Computers/Internet; Conspiracy
KEYWORDS: fascism; governmentchips; mullahloversonfr; multiplenicks; randpaulsucks; randstanding; toobigtofail
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To: faithhopecharity

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.


21 posted on 08/24/2025 3:26:13 AM PDT by normbal (normbal. Non-native Tennessean.)
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To: RandFan
I guess they’re banking on no challenge forthcoming.

On that I disagree. Trump knows that every thing he does gets challenged in court.

22 posted on 08/24/2025 3:32:39 AM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Tell It Right

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...).


23 posted on 08/24/2025 3:34:21 AM PDT by RandFan
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To: RandFan
This is not meant to be a divisive thread but a lot of conservatives uneasy about this one.

Haha. Of course it is.

24 posted on 08/24/2025 3:40:13 AM PDT by RoosterRedux ("There's nothing so inert as a closed mind" )
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To: traditional2

“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.


25 posted on 08/24/2025 3:52:21 AM PDT by quantim (Victory is not relative, it is absolute.)
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To: RandFan

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.


26 posted on 08/24/2025 3:58:32 AM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Liz

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.


27 posted on 08/24/2025 3:59:08 AM PDT by JayGalt (For America!)
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To: Tell It Right

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.


28 posted on 08/24/2025 4:02:32 AM PDT by JayGalt (For America!)
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To: normbal

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


29 posted on 08/24/2025 4:05:50 AM PDT by faithhopecharity ("Politicians aren't born, they're excreted." Marcus Tullius Cicero (106 to 43 BCE))
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To: JayGalt

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.


30 posted on 08/24/2025 4:08:50 AM PDT by Tell It Right (1 Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: Tell It Right

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.”


31 posted on 08/24/2025 4:18:27 AM PDT by JayGalt (For America!)
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To: JayGalt

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


32 posted on 08/24/2025 4:19:26 AM PDT by Liz (May you be in Heaven half an hour before the devil knows you're dead (Irish blessing))
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To: faithhopecharity
--- "...genuine conservatives view government as a necessity while many other folks view government as an opportunity."

Kudos for a succinct statement.

This thread exemplifies that.

$ 37,271,923,908,150 and still rising rapidly

Only yesterday it was about 3 billion less. Rising rapidly.

33 posted on 08/24/2025 4:22:05 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: Worldtraveler once upon a time

Succinct, accurate but not germane.


34 posted on 08/24/2025 4:26:56 AM PDT by JayGalt (For America!)
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To: Worldtraveler once upon a time

Let me offer another succinct and perhaps applicable adage.
When the only tool you have is a hammer, everything looks like a nail.


35 posted on 08/24/2025 4:31:25 AM PDT by JayGalt (For America!)
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To: Liz
--- "Legal Basis -—CHIPS and Science Act:
The agreement leverages funding and incentives authorized by the 2022 CHIPS Act, which provides billions of dollars in government funding for chip-related activities."

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---

36 posted on 08/24/2025 4:34:00 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: JayGalt
Thanks for the adage.

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.


37 posted on 08/24/2025 4:36:46 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: Worldtraveler once upon a time

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.


38 posted on 08/24/2025 4:44:45 AM PDT by JayGalt (For America!)
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To: JayGalt
--- "Fact is no additional funds promised. "

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'....

39 posted on 08/24/2025 4:55:29 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: RandFan

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%)


40 posted on 08/24/2025 4:56:07 AM PDT by Openurmind (AI - An Illusion for Aptitude Intrusion to Alter Intellect. )
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