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Uncle Sam shouldn't own Intel stock

(www.wsj.com)
335 points aspenmayer | 2 comments | 24 Aug 25 21:40 UTC | HN request time: 0s | source
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lisbbb ◴[24 Aug 25 23:53 UTC] No.45008894[source]▶
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.
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1. miffy900 ◴[25 Aug 25 00:57 UTC] No.45009216[source]▶
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.
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2. lisbbb ◴[26 Aug 25 20:18 UTC] No.45031814[source]▶
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.