While I don’t trust this administration in the slightest this isn’t unprecidented:
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In 2009 he U.S. government took an initial 9.85% ownership stake in Chrysler as part of the company’s bankruptcy restructuring. The government later sold its stake to the Italian automaker Fiat in 2011, exiting its investment completely.
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As part of the auto industry bailout in 2008 and 2009, the government received a 60.8% equity stake in GM. The government sold its final shares in 2013.
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American International Group (AIG): In its bailout, the U.S. government provided roughly $182 billion in aid and at one point held an almost 80% stake in the insurer. The government sold its last shares in 2012, ultimately making a profit.
Yeah, it’s one of the smarter things the US government has done, especially considering the impact a bankruptcy would have on the economy.
The loss of intel, its facilities and staff, would be a pretty hard blow.
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isnt intel kinda dying with the latest fiasco with thier chips.
Funny thing is, their GPU division is making fine products especially in the bang-for-buck consumer category and their Wi-Fi modules are good. Weirdly enough, because driver and API support for the GTX-10 series cards is starting to age out, I’m considering putting an Intel GPU in a system with an AMD CPU for my HTPC.
The CPU side of the business is totally screwed though; they’ve been doomed since someone at AMD first said the word “Ryzen.”
Their networking cards are great too. They just can’t come up with any answer to Ryzen.
OpenAI next. You don’t want AI but you will pay for it in taxes.
Everyone calling this socialism is a moron
Care to elaborate?
Could call it national socialism.
Socialism is workers owning the means of production. Not the government. The government can be fucking anything and it (or the people controlling it) profiting from owning a company isn’t socialism by itself.
It’s fine and all to talk about a worker’s government but is that what you would call a Trump presidency? The American government at any point in its history? Will literally ONE FUCKING DOLLAR of Intel profit go to a worker from this?
They’re cutting social services and expanding the power of the surveillance state. Just think for one goddamn second about function instead of form, I’m begging you people.
Boycot Intel? Okay, you got it!
Already buying AMD. Nothing personal, AMD CPUs are just better, faster, more efficient and easier to upgrade.
Better for intel than not receiving $8B at all. It can avoid spending it on Ohio plant without upsetting politicians if no one wants to use Ohio made chips. But its not as though telecom companies ever faced real consequences for pocketing “rural broadband subsidies”.
The best part about this, is political campaigns surrounded on confiscatory nationalization of climate terrorists and zionazi first political party influence is normalized.
Reminds me of the Dictator/Couper Park Chung Hee in South Korea. At the time government subsidies propped up South Koreas economy. But Park was directly commanding military before, in difference to Trump.
government owning the means of production?
🤔
Not socialism.
There’s a different word for that, unless you think the American government represents the working class.
Wow. Throw 16M people off health care, then invest the ‘savings’ in corporations. HEy, Intel, how do you like your blood money?
Heck, as long as they keep being good competition for AMD so they don’t become complacent, they can get the souls of the damned as payment for all I care.
I don’t think the souls of the damned are up for grabs, since, you know, they’re damned and all.
They are worth more
Historical evidence would seem to suggest that Intel very much do like their blood money I would imagine they would like some more please.
Yes but contrary to China, USA doesn’t use government subsidies to promote their own industries, or state owned companies to spy on the rest of the world. 🤪
I hope Intel survives because a Chinese (mainland+Taiwan) monopoly will not be good, but I am so sick of American disinformation regarding China.
Well, now that they’re doing it like China is, the rest of the world should use tariffs to mitigate this, like we do with Chinese EVs for an example (since those are so heavily subsidized to root out competition not just in China, but worldwide)
Are you sure about that? US hardware is spying on the rest of the world for decades. Cisco is in no way better then huawei.
Can you not see the crazy smiley? Clearly indicating the statement is crazy. It was sarcasm, but OK I’ll add the /S.
Also the part that USA did it for decades before China should clearly indicate the part above was sarcasm???
I hope Intel survives
Are you sure about that? US hardware is spying on the rest of the world for decades. Cisco is in no way better then huawei.
That might be how you are supposed to read that response
OK that could have been stated more clearly, but why should I be against Intel, because USA has used Cisco for spying?
That’s exactly the kind of stupid accusations without evidence I’m tired of USA making against China. Obviously the same standard goes the other way too.
And if Intel goes away, USA can still do it through AMD. 😋
Reading comprehension is a skill. It seems like some people just glance at the words and make up what they expect to see. I have no idea how your comment could have been interpreted the way they did without a total disregard for the substance. Maybe they were reading it through an auto translation? Still, seems like the emoji is pretty obvious.
Cool, now do Duke Energy. And Exelon. And Entergy. Etc. (Not that I trust this admin ofc, but if you want collective ownership…)
us taking a stake in a failing company sums up america
Remember we bailed out Harley Davidson. Twice.
Didn’t the US do a similar thing to save our auto industry? Buying in? I’m hazy on the details, been a minute, but didn’t we cash out and profit?
Not saying this is the end game here, but still?
AFAIK the US government also made money off of the 2008 bailouts, at least I am sure they had to pay it back, but for some reason I think it lives in people’s minds as it was like a one time gift of money to those banks and they didn’t have to pay it back or anything.
for some reason
Perhaps seeing your government continually use your tax money to bail out industry that has no tangible benefit to anything but the stock market while fighting against every penny directly invested into the taxed populace colors peoples’ perception a bit.
I disagree with the “no tangible” benefit part, the Worlds economy was about to completely collapse, if you think things are bad now I am sure it could have been much much worse, possibly ww3 post apocalyptic hell-hole.
I do agree the US government sucks and should have implemented more regulations after and fucked up when they didn’t. But on the other hand, you guys are the ones with a Fascist government so you do keep electing these people.
Yes, I know I didn’t address nuance of economy and labor market in the curtness of my reply. But that is often poorly communicated or not at all, so we just see another private entity getting our money gratis or with very low interest.
Add onto that the de facto American policy that private citizens are on their own, circumstances be damned, while the capitalist interests get rescued every time their greed and other missteps hurt their ability to compete in the sacred free market and maybe you can see why people are less than charitable with how they perceive these events.
I think you arguing perception and I am arguing disinformation or lack of information as in if you went around the streets and asked some people whether the bailout money was paid back you’d get more people thinking it was just given to them.
According to a May 2011 report by the White House National Economic Council, however, the US government may have to write off about $14 billion of its $80 billion loan.
Fascism is a far-right, ultranationalist, and authoritarian political ideology that emerged in early 20th-century Europe, characterized by a totalitarian, one-party state, a charismatic leader, a fixation on national decline, and the suppression of individual rights and opposition groups. It combines elements of militarism, economic self-sufficiency, and mass mobilization, often through propaganda and violence, to achieve a vision of national purity and power.
This is why I don’t like trump being called a nazi, a nazi was a nickname for the german fascist based on the name of the political party NSDAP, specifically the N part, National with the ti part being pronounced the same as the zi part in nazi.
Trump is an american fascist. When you call him a nazi it paints the picture of the ultra villified almost over the top hollywood nazi and it muddies the water and lets other fascist media pundits dismiss it over exaggeration.
Now after being pedantic I prefer these lists tlto check if you live in a fascist state
https://osbcontent.s3-eu-west-1.amazonaws.com/PC-00466.pdf
Spoiler alert: the US is under control of a fascist government.
Nazis are a particularly evil type of fascist. It is the entire point of the lable.
No, as I explained it was a nickname like Krauts were the German soldiers.
But I guess colloquially it became interchangeable with the use of fascism.
Much like kleenex became a word to mean box of tissues even though it’s just a brand of it.
So fascism = box of tissues, nazi = kleenex.
Either way, like I said, it’s just being pedantic, fascist cunts are fascists cunts doesn’t matter if they are Nazis, Magas or Soviets.
There were fascists in Europe until the 1970s.
The MAGA movement is fascist but it also has strong overtones of Nazi (blaming immigrants, camps, detention without due peocess).
Yes, there is nationalism without any socialism, but saying they shouldn’t be called Nazis is diminishing the evil that is currently being done.
There are literally fascists in Europe right now lol, it didn’t just go away, Macron almost to the fascist party and the AFD is the new fascist german party with huge support. Orbán fulfills at least half the the fascist checkbox if not more.
I am not sure if you have opened my links, but you probably should,
blaming immigrants, camps, detention without due peocess
You would see that these are explicitly mentioned as telltale sign of Fascism.
If you want here is an excellent video explaining fascism, specifically white fascism https://youtu.be/5Luu1Beb8ng
Yes, there is nationalism without any socialism, but saying they shouldn’t be called Nazis is diminishing the evil that is currently being done.
I have really not sure what you are getting at, they are nazis because National is pronounced as Nazional in german and that got shortened to nazi, they aren’t called nazis because it starts with Na and there is a zi in Sozialistiche.
Here it is how it’s pronounced if you are interested https://youtu.be/VxxFl5Xc8nc
And the socialism has literally nothing to do with it, NSDAP was socialist the same way north korea is democratic, you know it’s called Democratic People’s Republic of Korea
saying they shouldn’t be called Nazis is diminishing the evil that is currently being done.
Again, this implies that Nazi is like a stronger word for fascists, it’s not, it’s not like some is a fascist and then they do more bad and become a nazi. The political ideology is called fascism because it originates from Italy, from Mussolinis party.
All nazis are fascists. neo-nazis drew on the nazi movement and borrowed their imagery etc, but they never committed anything close to what the actual nazis did.
MAGAs are fascists who pretty much check all the checkboxes on the fascist list that as I said I have linked above.
Release the Trump/Epstein files
