He just nationalized Intel. That's what conservatives are afraid of far left governments doing.
this post was submitted on 24 Aug 2025
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Further, he killed all trust in Intel. Now, no one will believe that there are no government back doors into everything they make.
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.
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.
Intel is a us corporate they do as the US spooks tell them to do.
That's national security laws.
There's literally Intel Management Engine or how is it called.
And they are literally an American corporation that has always benefited from American governments pressuring competitors from other countries, and that was important for MIC since 70s.
So that kind of trust was a clear no since long before I was born.
Those worthless cunt traitors never acted in good faith. FFS, they willingly elected a child rapist.
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!
B-b-but Starlink doesn't build infrastructure for normal broadband, does it? So they basically got a load of free money for doing nothing on a state level, just their satellites flying someplace above? I mean, there are Starlink ground stations, so there is infrastructure, just how many people would use it instead of a normal service. You know, GPON to the door, no antenna suffering in bad weather, no exorbitant prices.
"Nationalized" with a heavy dose of quote marks. The government now owns about 10% of Intel in non-voting shares. It's basically meaningless.
10% is not "nationalized". It's "19.99% nationalized". Need to have a majority stake (like 50.01%) to call it "nationalized".
Or maybe I'm wrong.
By your maths it's 10/50.01=19.99% nationalised, actually. :P
Yes, I've already fixed myself, it was sad
10% is a controlling share. The government (Trump) owns enough to make major decisions about how the company is run.
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.
That part of his behavior his fans, I think, approve of.
Could you imagine how many times the word "socialism" would be blasted on Fox News if Biden did this?
It wouldn't, they are one big criminal family after all.
"Free" market.
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.
They are open enough about thinking some kind of late USSR, fixed against its deadlocks and broken feedback, would be the best system for them. I mean, having a one party system is very attractive, LOL.
And yeah, that crowd is about seizing whatever they want to build their idea of a better nation, with re-industrializing and so on. There are pits on the road, though.
And, honestly, never in history were many US politicians willing for the USSR to die as it did. They would, of course, ridicule the broken system and ideology, but the whole idea seemed more understandable than most European nations. And flattering.
It was never, ever even once about states rights. It was never about fighting communism. It’s all racism, always has been.
It's honestly funny, so - in Eastern Europe, when comparing ourselves to the USA, it's very easy to get sympathetic to these points. Also to color blindness and being against affirmative action, and such.
Because information travels non-linearly. From here many people really think that the racism problem is solved in the US, and it's just lazy Blacks not willing to work honestly, and that last point is racist, but if you say that American racists still think it's wrong for a white person to marry a black person, those same people won't believe you, it's not part of their own kind of racism, or that American racists actually exist in huge enough numbers, they think it's like calling others fascists here, something devalued by common usage. They'd be livid.
So - what I'm thinking is that USSR's dead hand was, in fact, not its nuclear shield, but its ideology and state architecture, and some people want to break their own bad, but functional system in favor of their imaginary picture of USSR. Which is just as detached from reality. USSR's checks and balances had a downside of stalling development and conserving the balance of power, nothing big got actually done. It would seem that they might actually come to the same result with far less blood, jump to 1960s USSR without a passing through 1920s-1950s, but wasting a few decades on that with a pretty clear end result would seem a bad idea.
That's about political systems, arguing against my imagination on what they think. With re-industrialization I agree completely. In general, oursourcing labor is directly opposed to labor rights, and labor rights are what guarantees political rights.
Us Treasury is providing capital... Hardly seizing anything.
Maybe if intel was ran into the ground by idiots. They wouldn't need to be bailed out by feds.
They were already providing capital without the seizure. So yeah, this is seizing.
Release the Trump/Epstein files
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.
Isn't he mimicking the typography of oldish "wild west style" newspapers and other print? Both with different fonts, and varying capitalization, and sizes. Yelling at you from monochrome photos.
(Never been in the USA.)
Somehow this is okay but bailing out GM was a problem.
This is Small Government!
... Dick ...
Say goodbye to 10% of your tax dollars
Now do that with Exxon Mobil, Chevron and ConocoPhillips
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.
Better than giving away billions of dollars no string attached
What next, Volkswagen?
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
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
Would look like normal capitalism of the early XIX century, give or take. Bad, but not atrocious. Bailouts definitely wouldn't be abused as much, because, eh, they wouldn't be free.
And the old argument that public sector management is inefficient - well, it's not always a bad thing. It would then make sense for the government to re-privatize some of those shares, and use others for a source of income and a lever. And the companies bailed out this way would sink in power (which is good for competition), but not completely (which is good for their employees and economical stability). And, of course, I'll repeat about source of income. Perhaps there will be no more raising taxes with such a system in place. Perhaps even some taxes it'll be possible to simplify - any complex tax system works in favor of those who can afford to apply expertise, so those richer, and not poorer.
Also partial or full nationalization may sometimes work to good outcomes, while nationalized companies are less efficient, they also tend to retain institutional knowledge better, have more people working long on the same positions, follow labor regulations. For the telephone company or the train company or the central heating company or the public bus company it makes sense to be nationalized.
you raise interesting questions. how do you stop some asshole president from using infinite taxpayer money to manipulate the price of a stock?
The same way SEC stops market markers from manipulating the stocks ;)
so they wont?
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.