Imagine bribing politicians to get tax breaks as those same politicians start to take more of a cut than the other side would have taxed you. I'm starting to think everyone that is rich and powerful are also incredibly stupid.

Seems like the government owning private industry might stray into the socialism thing thy hate. Why not do this with something more important like healthcare? Republicans are hypocrites.

It was Bush just before he left office.

If tax payers are going to be investing into these businesses and they're avoiding taxes taking a share of the company is better than nothing.

I mean, it's socialism, but don't tell their voters

I feel like that should’ve already been a given when the 13th and 14th gen Core processors permanently kneecap themselves if they feel like it. But that’s just me.

So if I'm reading that right they set for $700 billion worth of purchase during the Bush admin, it got reduced to 426.4 billion by 2014 and they claimed they made $15.3 billion. It sounds like they made a 3.5% gain on their investment total. A win! Yay... Only if you ignore the fact that if that money went in from 2009-2024, the money averages out on inflation to have been worth 481.29 billion. A loss of $12.15 billion dollars if they would have done anything else with it.

Overall I wouldn't be mad that they wasted that money if they had focused on structuring the company moving forward in a manner that wouldn't end up supporting a wealth divide moving forward. The CEO "only" had a salary of $2.1 million in 2024. Which actually sounds mildly alright. Yet her take home was $29.5 million when they got done throwing stocks and bonuses at her. That's after GM stock started 2024 at $55.50.... and ended the year at $35.64.

So the company lost ~36% of its "worth" and she got more than 13x her salary in stock and bonuses.

Next healthcare?

So uh, Intel doesn’t get anything, and gives up 10% of their stock because they’ve just decided to retroactively alter the CHIPs act?

Wasn't government cross-pollinating with industry a relevant component in 20th century definitions of fascism?

Healthcare could help, that's good socialism. Intel is profits and power and control for the sake of it. That's bad socialism.

That way when things fuck up they can point and go SEE SEE IT DOESNT WORK! WE TRIED IT AND IT MADE THINGS WORSE!!

and if it somehow does manage to help or improve things they can now claim they did something smart and take all the credit.

It’s only socialism when democrats do it.

Release the Trump/Epstein files

No, not at all. The government bought shares in Intel. When you have shares in a company you own part of the company.

Fascism is a far-right, ultranationalist, and authoritarian political ideology that emerged in early 20th-century Europe, characterized by a totalitarian, one-party state, a charismatic leader, a fixation on national decline, and the suppression of individual rights and opposition groups. It combines elements of militarism, economic self-sufficiency, and mass mobilization, often through propaganda and violence, to achieve a vision of national purity and power.

Yes and no. In this context, it’s more of a shakedown-sorta thing.

Didn't the US do a similar thing to save our auto industry? Buying in? I'm hazy on the details, been a minute, but didn't we cash out and profit?

Not saying this is the end game here, but still?

If you ask, they’ll tell you it’s different for ‘essential services’. It’s the same excuse they use for the farm handouts.

us taking a stake in a failing company sums up america

Just to clarify and add to what you said, equity shares are not stocks. The gov gets dividends and such, but it isn't stock that is bought and sold on wall street. It's all about profitability and not about speculation. If the company makes money, so does the gov. If it loses money, the gov loses money.

Yeah, but then poor people would use it.