Trump tweet:
It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company. The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.
Fucking hilarious that this is party that starts seizing the means of production.
It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.
The United States will not seek direct representation on Intel’s board
If they want change, they don’t to vote on the board. They can just pass laws in Intel’s favour.
Taxpayers are now all Intel shareholders. I can’t understand what benefit this provides them.
Now do that with Exxon Mobil, Chevron and ConocoPhillips
Right when I was thinking of buying an intel cpu and gpu to support the company and do my little part in helping increase competition in the cpu and gpu sector. Guess I will stick with amd this time around.
The way This Guy capitalizes Random Words drives me INSANE.
If you wanna be president of the United States, you should at least learn the language.
Also “Thank you for your attention to this matter.” has such “Facebook local area group” energy, like a Boomer shouting into the void about teenagers always loitering at the bus stop.
Lol at all the conservatives screeching about “socialism” and “communism” and how they will be the downfall of our country, then slurping up Trump nationalizing part of Intel 🤣
They don’t believe in anything, just brain dead simpleton cultists who would happily stick their tongue into a rat trap if Trump told them to do it.
How is it a great deal for Intel?
Also interested in seeing. I’ve had weekly reoccurring purchases of Intel since their bottom dropped. My investment probably shit the bed.
Release the Trump/Epstein files
Could you imagine how many times the word “socialism” would be blasted on Fox News if Biden did this?
He just nationalized Intel. That’s what conservatives are afraid of far left governments doing.
“Nationalized” with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It’s basically meaningless.
Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
Intel never deserved trust. They rigged the game by cheating on benchmark tests and deserve the karma they are currently enjoying.
I guess the average consumer would not be very aware of Intel being so shitty, but now everyone has a reason to be wary of them.
For real, this just further cemented me not wanting to buy any new Intel devices.
Their biggest problem is that people don’t want to buy their stuff because it’s bad, they can worry about their backdoory image later
Honestly this. Their cpus melting down over the past couple years and their refusal to even acknowledge it hurt their image more than any potential backdoor could.
Yup. They also rewrote national broadband funding criteria so starlink would win most of the state contracts for funding. If the states are stupid enough to take it, the Elon Musk will own their citizens internet. Colorado just announced Starlink won half of all the contracts and Amazon the other half(I didn’t even know Amazon provided Internet holy terrifying):
You may experience difficulty connecting to some web domains and your homepage has been preselected for you. Your monthly history will be reviewed and unpatriotic web usage will result in detainment or deportation.
Congratulations on your Freedom!
Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.
I mean, no. Owning a 10% stake is not nationalisation.
Yes. It is.
Excalty like China.
I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company.
That i tried to get fired less than two weeks ago.
A ten percent stake in the company and suddenly those concerning Chinese ties Trump mentioned aren’t a thing.
Literallt extortion.
“Free” market.
Since Wall Street, never really was.
Functionally, there’s no such thing. In a system that gives the most power to the company that makes the most money, that company will seek to maximize its profits. Part of maximizing profits is eliminating competition. So in a “free” market, the most successful will subvert the freedom of their competition thus eliminating the freedom in the market.
Self-correction in a market is an illusion crafted people either desperate to salvage a broken system, or those who seek to exploit them.
You’re more right than you may know.
An actual city wall existed on the street from 1653 to 1699. During the 18th century, the location served as a slave market and securities trading site, and from 1703 onward
No cliffhanger please.
buying stock with the people’s money just in time for a recession
As far as government bail outs go, I think taking a portion of the company in exchange is an excellent idea. THIS orange asshole is doing it for all the wrong reasons, and will VERY likely fuck up literally everything about it, but the idea is sound.
I wonder what things would look like today if the government had taken some portion of control over all the auto manufacturers, airlines, banks, etc it has bailed out over the years instead of just giving them unsecured loans
This is Small Government!
