PILOT SPIN
Spin Zone => Spin Zone => Topic started by: Little Joe on August 23, 2025, 04:23:58 AM
-
I don't think I like this. It might make great financial sense, and it may be good National Defense policy, but I still don't like it.
There is a word for government control of private industry and this is not only getting the camel's nose in the tent, it is getting the camel's whole head in.
And it sets a precedent that Democrats will make us regret some day.
BWTFDIK?
-
I agree. There's other ways to support industries that are in our national interest to keep domestically.
The Feds bailed out the auto industry going back to the loans given to Chrysler when Lee Iacocca was there, and then there's the Savings and Loan debacle.
-
Overall, I see it as a win. Money that was already allocated as a cash payment to Intel was converted into a stock purchase. That way we the people can someday get the money back when the stock is sold.
The move, orchestrated by the Trump administration, involved converting approximately $8.9 billion in previously allocated but unpaid grants from the 2022 CHIPS and Science Act, along with $3.2 billion from the Department of Defense’s Secure Enclave program, into an equity stake of 433.3 million Intel shares at $20.47 per share, representing a 9.9% ownership. The total value of the stake was estimated at around $11 billion, despite claims from President Trump that the U.S. “paid nothing” for it, as it repurposed existing commitments.
-
Overall, I see it as a win. Money that was already allocated as a cash payment to Intel was converted into a stock purchase. That way we the people can someday get the money back when the stock is sold.
I don't think "we the people" will get a refund or even a tax break.
-
And the GM bailout.