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607 points givemeethekeys | 1 comments | | HN request time: 0.222s | source
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jjcm ◴[] No.44990743[source]
In general I would rather the government take a stake in corporations they're bailing out. I think the "too big to fail" bailouts in the past should have come with more of a cost for the business, so on one hand I'm glad this is finally happening.

On the other hand, I wish it were a more formalized process rather than this politicized "our president made a deal to save america!" / "Intel is back and the government is investing BUY INTEL SHARES" media event. These things should follow a strict set of rules and processes so investors and companies know what to expect. These kind of deals should be boring, not a media event.

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softwaredoug ◴[] No.44992377[source]
The “our president made a deal!” part of it makes me skeptical of actual long term patterns past a Trump administration.

While not walked back completely, a lot of what Trump does is minimized and scaled back after the initial theatrical moment. Still in a bad place, but usually some TACO moment happens.

And then, in the end, it’s some executive action that lasts as long as the current president is in power.

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rpmisms ◴[] No.44992836[source]
Democrats will not walk this one back. Having a stake in a hugely important industry is valuable. Being able to directly shape Intel's path is going to be historically important.
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1. georgeecollins ◴[] No.44993483[source]
Right because capitalism rules and socialism is for fools! Just kidding, but can we please let the phrase "free market" die?