kind of shocking actually
I might add this is probably less intrusive than the government has been for car manufacturers since Obama cut a deal with them.
I oppose both but this is small potatoes.
embarrassing
you've seen better days, Gasbag
most of them were during the first world war
White flag raised early today by H
Like Gasbag, Gramps is shocked by public ownership of public works.
Federal troops in the federal capital.
Fucking idiot
Typical disgusting H post. When the city road is available, you dig deepest.
I see Joy sent you your talking points. Of course you never miss it.
Tempe CC likes it
so does Bernie Sanders
congrats
So what has your panties in a bunch then Alice?
Fuck off
74 year-old H posts like a Zer.
gasbag
Mallcop
Gramps
Mildred
Daddy
@HHusky you’re such a fucking loser🤣
My understanding is they were getting the money under the Chips Act without giving away 10%. Doesn't make any sense to me.
plz don't cry
or do
i don't really care
National Economic Council Director Kevin Hassett told CNBC that the U.S. government could perhaps take equity stakes in more companies through an American sovereign wealth fund.
Governments throughout Europe, Asia, and the Middle East use such funds to make investments in companies and other financial assets, CNBC added.
"The bottom line is that because of the CHIPS Act, the U.S. government had decided to give a whole bunch of money to Intel, and President Trump and [Commerce Secretary] Howard Lutnick … talked to Intel about the progress they were making and the hurdles they had to hop over in order to get the money, and I don't think they were particularly happy with that progress," Hassett told CNBC.
"So, in the end, they worked out a deal where Intel is going to get the CHIPS money but in exchange we're going to get some equity, and the equity is not voting, so there's not going to be government intrusion into the business of Intel. It's more like a down payment on a sovereign wealth fund, which many, many countries have."
Sounds scary
Instead of handouts we got equity. Communism.
Good poast. Definitely mitigates my gut reaction, which is projectile vomiting opposed to the idea.
#theGoodCentrallyPlannedEconomy
Vanguard will do the voting at least.
The problem with most of the Biden trillion dollar handouts is illustrated with this lesson. There were so many stipulations that even companies that know how to wade through the bullshit of government contracting took a pass. It's why Buttboy couldn't get any charging stations built for his billion dollars
This does seem more efficient - outside the box thinking that is anathema to government fans.
