Democrats are freaking out over the federal government taking a 10% equity stake in Intel, accusing Donald Trump of “socialism.” But the purchase of these nonvoting shares does not give the government any meaningful control over the company.
Sorry, who the fuck is this guy and why is he starting by comparing this with the US bailing out GM when it was going through an existential crisis? There is a very reasonable argument that had GM failed, there would be a crisis re: employment (including in its massive supply chain). The same cannot be said about Intel right now.
Sorry, who the fuck is this guy and why is he starting by comparing this with the US bailing out GM when it was going through an existential crisis? There is a very reasonable argument that had GM failed, there would be a crisis re: employment (including in its massive supply chain). The same cannot be said about Intel right now.