Uncle Sam shouldn't own Intel stock

The handwringing over Trump continues and is completely unwarranted. Obama bailed out the entire banking industry to horrifying moral hazard. The US is bailing out Intel for national security reasons and taking a 10% stake is a better deal for US taxpayers than how typical bailouts like GM played out. Sheesh! It's like you can't even read a news story these days without seeing the anti-Trump bias programmed into the article.

Completely unwarranted? lol

So, the one bad thing that sticks out about what Trump is doing now, is that he's adding more conditions to the money that has already been legally disbursed by Congress. Under the CHIPS act, Intel is already eligible to receive the money; Trump is illegally adding more conditions for Intel to receive the money, after the fact. To do this legally, the act needs to be amended. As simple as that. Anything more than that is illegal.

I'm genuinely curious why you need to just randomly run out here and defend trump, one of the more indefensible humans of the past century?

It was Bush who signed the bailout bill, not Obama.

Aside from the fact that Bush signed the banking bailout bill, not Obama, it is absolutely possible and reasonable to believe that -- on the differing merits of each case -- bailing out the banks was a good (even if fraught) idea, but that bailing out Intel is foolish.

I'm not in either camp at the moment, as I don't have a deep understanding of Intel or its finances, but I'm tired of people whining about how others could possibly have a different opinion about two similar but different events, separated by nearly two decades, as if this is some sort of "gotcha!" moment. It's not. Move on.

But even if -- let's just say if -- this Intel bailout were identical to the bank bailouts in every way... priors matter! Even someone who agreed with Bush back in 2008 that the bailouts were necessary, someone who was largely in agreement with much of what Bush did during his presidential terms... that person could very much disagree with what Trump has done in the past 7 months (as well as what he did 2017-2021), and that disagreement makes it entirely reasonable to question whether or not this particular move is a good decision. That's just... entirely normal.

Congress doesn't do it's job. If Congress had to deal with tariffs they wouldn't bother. That's why we're headed towards a dictatorship.

Obama had every opportunity to change the tune when he came into office but he doubled down on bailouts instead, so it's a kind of not that important who signed what.

Totally unwarranted--you allowed Biden to be US President and he was mentally impaired the ENTIRE TIME and you were just fine with that, probably. So get over it! I had to. The absurdity of modern life is unbelievable.

I wasn’t fine with that but also Trump is way more unhinged, openly advocates for and implements unconstitutional policies, has damaged the US’s reputation on a global level, has been pretty openly corrupt, and idk has been found liable for sexual assault (basically rape) and is probably a pedophile at that via Epstein, not to mention other felonies.

If you’re fine with that rap sheet, more power to you. I’d rather our president be old than be an old rapist wannabe dictator criminal who has, literally said on a recording, “grab em by the pussy” in reference to women.