The question is whether we can save our Country by thinking outside the box or whether we fly into a panic instead of thinking. This has nothing to do with faith in the market place. It has to do with pragmatism. The money was already spent by Biden’s CHIPS act. These are nonvoting shares. This is not picking winners or losers since other companies are free to make offers similaar to Intels offer.
Nonsense. The choice to spend the money presumes there will be a return on investment the prospects of which the market didn't see or it would have bid up Intel's stock such that they could have made that investment.
This is not picking winners or losers since other companies are free to make offers similaar to Intels offer.
And didn't. Hence, yes it is bucking up a loser.
1. U.S. government buys a stake in Company X.
2. The biggest competitor for Company X is Company Y.
3. Company Y sells a product for $100. Company X sells a nearly identical product for $1,000.
4. The U.S. government buys its products from Company X at ten times the cost of its closest competitor ... because of "pragmatism," or something like that.