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US Intel

(stratechery.com)
539 points maguay | 3 comments | 26 Aug 25 10:47 UTC | HN request time: 0.245s | source
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kube-system ◴[26 Aug 25 15:35 UTC] No.45028014[source]▶
> President Donald Trump’s announcement on Friday that the U.S. government will take a 10 percent stake in long-struggling Intel marks a dangerous turn in American industrial policy. Decades of market-oriented principles have been abandoned in favor of unprecedented government ownership of private enterprise.

Really? A decade and a half ago the US government owned a 60.8% of GM and none less than Barack Obama was directing management changes.

The US has a long and well established history of being a mixed-market economy to varying degrees.

replies(1): >>45030739 #
1. cheema33 ◴[26 Aug 25 18:59 UTC] No.45030739[source]▶
> Really? A decade and a half ago the US government owned a 60.8% of GM and none less than Barack Obama was directing management changes.

Did US govt. actually had an ownership stake in GM? Please provide some links to this effect.

replies(2): >>45031048 #>>45033090 #
2. kube-system ◴[26 Aug 25 19:24 UTC] No.45031048[source]▶
Yes, along with a number of other US companies. This was done to stabilize the economy in the wake of the 2008 economic crisis. It was a very hot political topic at the time.

https://www.politico.com/story/2009/05/obama-reluctant-share...

https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program

3. BeetleB ◴[26 Aug 25 22:21 UTC] No.45033090[source]▶
They also owned AIG insurance. Probably some other companies as well.