I have said it before but Trump comes up with such blindingly stupidly simple plans that sometimes that they are actually smart ones. It just needs to be different from how we are currently doing stuff.
See him try to figure out health care any time and you can see him figuring out universal health care before someone near him stops him.
I’m against the government cutting a check to a corporation without extracting a direct, concrete benefit to the American taxpayer. So I’m in favor of this.
This is a good thing.
It more closely mirrors TSMC and Samsung Foundries.
I know Lemmy largely won’t believe it, but not every molecule of air MAGA breathes is bad. In fact, this feels like a sharp reaction to stubborn neoliberal orthodoxy, hence folks like Bernie are nodding along. I mean, I tend to be more of a deficit hawk, but this is a worthy investment (with the right conditions and stipulations for Intel to not shutter long term projects for short term profit).
yeah its the broken clock thing. Still the piece I heard it from said it had not been done since ww2 but I swear in the car bailout we got some sort of equity we eventually sold. Later after sails it made a profit (not taking into account infaltion that I know of)
That last part isn’t unprecedented. The US’s Strategic Petroleum Reserve (for instance) made a lot of money buying low and selling high, which is just a happy coincidence of trying to stabilize the supply/prices.
yeah that is what I was getting at because the thing I read mentioned not doing anything like it since world war 2 and seems like we have.
Ah right.
Taking direct equity hasn’t been orthodoxy for sure, but like you said, that part is likely technically wrong.
if this was biden fox would be running 24/7 coverage about this communistic act
But socialism is bad right?
This isn’t socialism and Bernie is wrong to support a fascist government seeking control of Intel.
Release the Trump/Epstein files
I’m sure many members of our government frequent lemmy and will see your definitely off topic and not annoying at all comment that is achieving fuck all.
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Yes I’m sure my annoyance at comments on a small, niche social media platform is significantly contributing to governmental corruption.
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“pedo apologist”? Really? Go touch some grass.
Spamming the same comment repeatedly across every thread achieves literally nothing. Lemmy is small enough that it just fills the comment section with pointless off-topic comments. At best, all they’re doing is stroking their own ego by showing how morally superior they are, just like you.
Feel free to speak out against anything you want, but do so where it matters.
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Wow ya really got me there, I’m a nazi sympathizer now because I think it’s ridiculous to spam the lemmy version of up vote bait.
Since you don’t have any real reason for that one, you get the tag “big dumb”. Now we can both play that game.
The statement isn’t just aimed a members of government.
Then who? You think there are any people at all among the very, very few lemmy users who could force the release of those files?
You think too small. In order to reach a Tipping Point, you have to mobilize 3.5% of the population. To do that, they must be informed, and motivated.
Spreading the word, and reaching the 3.5% is more useful than disparaging people for doing it. Unless you don’t want them to reach the Tipping Point, in which case, you’re the problem.
My friend, this place has less than 100,000 users active monthly, according to this tool.
For comparison sake, the town I live in has 170,000 people. Xitter claims to have 300 million daily users, or about 3000 times more users, daily, than lemmy has active in a month. 3% of the US population is around 12 million people, which is more than 120x more people than exist on this platform.
Do you truly think every person reading this comment even knows 120 people? They use lemmy, of course they don’t.
Why do you think they believe this is the only action that’s needed?
Big things potentially require lots of people doing lots of little things in lots of ways.
Go out and scream into your back yard every night and see if that changes anything. Same thing.
Search engines reach far more people, and Lemmy has, from what I’ve heard, started making a presence on search results. Couple that with search results now including LLM-generated summaries of the results means that comments like OP’s have a slightly higher chance to show up in that section.
Something like “people agree that this is a rare example of good policy choice, but feel it is a distraction against demands to release the Epstein files”
Yeah but like, they keep avoiding releasing those files in the most extravagant ways.
Very true.
According to Commerce Secretary Howard Lutnick, the plan would see the US disbursing approved CHIPS Act grants only after acquiring non-voting shares of Intel and likely other chipmakers. That would allow the US to profit off its investment in chipmakers, Lutnick suggested, and Sanders told Reuters that he agreed American taxpayers could benefit from the potential deals.
“If microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment,” Sanders said.
The plan is that instead of just giving Intel the public’s money with no strings, the public would get something in return. I have to admit that doesn’t sound awful to me.
Yes. Of course. Because that’s what will happen, that money will go into improving services for the public rather than being funnelled into a rich pricks pockets. Totally what will happen, no reason to doubt that whatsoever.
Wait a second, that sounds like sarcasm ?
Are these extra grants or just stipulations on renewing existing?
It’s not like the government wasn’t already giving them money, it’s just this will provide a return.
You’re missing the point. The return isn’t going to go to tax payers, it’s going to go to rich people, so it’s not a return, it’s just paying rich people who weren’t even involved. Enriching the rich like everything else the republicans do.
This is a perfect example of “a broken clock is right twice a day.”
“Fascism should more properly be called corporatism because it is the merger of state and corporate power.”
— Benito Mussolini
Fascism is Imperialism turned inwards.
Fascism is capitalism in decline.
Both of these quotes get attributed to Lenin but I think only the second is.
They are essentially equivalent though. Imperialism is a requirement of capitalism and the methods capitalist use to oppress the third world get turned inward on the imperial core. You will see ICE use the same methods the IDF has used in the west bank and Gaza. These were training grounds for Fascist oppression and specifically in methods of crowd control.
Fascism is just authoritarianism disguised as nationalism to fool imperialists into believing its patriotism.
Dont be fooled. This federal asset will end up as a billionaire asset. Id take the win but I know better.
this. its great in that this is how all bailouts and such should be but its whose in charge of the implementation that makes it fucked.
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What in the ever living fuck happened to “the free market”?!?!
Don’t innovate and sell faulty chips which ignite in people’s PCs? Should go out of business. This bail out nonsense is so stupid. Always privatize the gains and socialize the losses in good ol USA.
Well this isn’t exactly a bailout per se. The government will own a chunk of Intel, which is pretty much the beginning of what should happen if something is “too big to fail” and needs a bailout: nationalization.
Now, who the hell knows if this will end up being a good use of tax dollars, but at the very least it’s not a free bailout for fucking billionaires whose milking of the system crashed it.
The Free Market was never anything but something to be prattled off by useful idiots.
I wonder what this would mean for competition. Would US adopt rules that are beneficial to Intel to increase their share price?
How it may happen: Nvidia and AMD get restrictions on selling to China (already happening, but discussed more in the past weeks before this announcement) and can’t sell their best. Intel may be allowed to sell their newest tech to get a competitive edge which will even the playing field, or Nvidia and AMD can be told if they want an even playing field they must sell portions of their company to the U.S. government as well.
Want to sell the newest tech, throw in a couple board seats.
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Even with all of the bad press recently, they still outsell AMD CPUs by around 2:1. (source)
It’s bizarre to call them irrelevant when they still completely dominate the sector in sales.
I can see where this may help open the door / set precedent for the country to buy out or into companies long term… but when Intel declared they are basically dead in the water because their tech was at least 5 years behind on research now and in the last 5 years their stock as essentially halved, who can say what it will do other than cushion Intels fall.
Arc is good, just needs a bigger SKU and another generation.
Intels CPUs are not bad, especially their smaller cores, just sold in stupid overclocked configs. In comparison to AMD, they are are way better than bulldozer was back in the day.
Fabs are behind TSMC but still close. Compute and graphics APIs are a mess but getting better by the month.
Intel is on the brink of being fine if they can just stop the footgunning, canceling, dysfunctional delays and corporate Game of Thrones.
I guess horseshoe theory isn’t all that far off, hey?
But again, it’s not a bad thing in this case - sometimes they come up with the right idea, even if for the wrong reasons.
Of course Bernie approves a socialist handout for an Israeli invested billionaire corporation.
Fuck all the way off
Where to? I do not have an Israeli kibbutz to go live in like Bernie Sanders.
Bro lived in an Isreali commune in the 60s and therefore supports the Isreali genocide happening now despite all the things he says and does that is evidence to the contrary?
Like sending taxpayer money in weapons to Israel and buying massive amounts of Intel stock
Other politicians being worse than Bernie does not make Bernie good.
