Trump Takin Over GM

[AXE]

The only thing worse than GM is government.......LOL!

 

[HighTechPauper]

From April 14, 2009??? That would have been Obama, not Trump.
I'm not concerned.

 

[KLA]

From April 14, 2009??? That would have been Obama, not Trump.
I'm not concerned.

You're right. I'm not a big politics guy, but if it was true, it probably would've happened already.

 

[MrScottly]

CNBC, dated 12/09/2013

 

[anuswax]

 

[AXE]

Forgot to post the article that I clipped that from. Can't find the article, but it was in an X thread.

Anyway, the context was the recent $27 billion loans/grants made to auto industry for investment in EVs, batteries, and factories. They equated it to the GM bailout and Trump stated they would take equity stakes in the companies going forward. In case anyone is keeping score, the American taxpayers lost $11 billion on that 2008 GM bailout.

Corporate America and politicians win and American taxpayers lose as usual.

 

[AXE]

They just did the same thing to save Intel, which has become a shit company that got owned by ChiNa, South Korea, and Taiwan. The American taxpayers unwilling now own 10% of Intel stock.

Trump says U.S. government taking a 10% stake in tech giant Intel

Speaking with reporters on Friday, President Trump said the deal came out of a meeting last week with Intel CEO Lip Bu Tan.

www.cbsnews.com

 

[HighTechPauper]

Intel will be making iPhone chips in the near future, all my pc’s run intel processors and WiFi/bluetooth chipsets at a bare minimum, maybe it is time to get them back on a sure footing in the industry. The US taxpayer pays for everything anyway, there is no such thing as government funded, it is all taxpayer funded, at least there may be some value in this, as opposed to benefits for illegals or the butchering of children for ‘gender affirming care’.