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’.

 

[AXE]

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’.

There's no value in tax payer funded private sector business.......that's communism. You either run a business and stay competitive or you lose your asses. INTEL hasn't been worth a shit for 2 decades and Apple hasn't innovated in 10 years.........they are next!

We were supposed to have flying carts by the 2000s, instead were driving around in overpriced shit boxes with bad motors, bad transmissions, and bad electronics. Ain't enough subsidies to fix mediocrity, that only comes when your hungry!

 

[HighTechPauper]

If you say so then it must be true.

 

[AXE]

If you say so then it must be true.

Sorry that your emotions are guiding your thinking! But the stats and don't lie!

Here's Intel"s chart vs NVDA's chart, I cut off the names to see if you can guess which one innovates vs the one that needs a taxpayer bailout!

Our local governments have handed out heaps of incentives and subsidies to Intel in recent years too, its not just the feds bailing them out. They are cooked and well lose that just like the GM bailout!

 

[AXE]

GMs chart since they were given a $50 billion taxpayer bailout, with an $11 billion lost to taxpayers. This is likely to look a lot worse soon with lower sales, huge taxpayer/customer funded losses, and warranty write downs. But they have barely eeked out a meager 4.5% gain YOY and they are basically selling the same products that rolled off the line in 2014......no innovation. This is a case study in why tax payer bailouts do not work.

 

[HighTechPauper]

Yeah, I’m sure you’re right, we should just let them fail and buy our vehicles from Japan or Korea, and our chips from Taiwan based off our designs. What could go wrong.

 

[HighTechPauper]

And my ‘emotions’ have nothing to do with it, I am not the one ranting.