President Donald Trump
I assume it's still acceptable to have a Trump thread in a Politics forum?
So this is an obvious lie - basically aimed at
I, for one, am shocked to learn that the literal US government buying a 10% stake in intel while it is run by the most vitriolic hyper-partisan administration in American history has raised no red flags with the ‘herpa derp I identify as libertarian’ crowd
Trump, in effect, owning 10% of intel without paying a penny directly for it using our money to do so is probably a reality we need to get used to when they keep pulling the trigger on other major companies going forward
I, for one, am shocked to learn that the literal US government buying a 10% stake in intel while it is run by the most vitriolic hyper-partisan administration in American history has raised no red flags with the ‘herpa derp I identify as libertarian’ crowdTrump, in effect, owning 10% of intel without paying a penny directly for it using our money to do so is probably a reality
Well, if his past business history holds up, intel will be bankrupt pretty soon.
Sent from my SM-G781U using Tapatalk
Trump claiming that he's ended 10 wars included stuff like border disputes between India and Pakistan is pretty hilarious. Every President since HW Bush saw some shots fired between the two countries that eventually stopped including Trump in his first term. He's like a job applicant listing that they can use a computer now.
the us gvmnt buying a 10 bln stake in Intel is baddish, even if it has no voting rights.
But given the counterfactual was to give 10 bln to the company with no strings attached it's unclear to me how anyone could consider the gvmnt keeping a chance to recoup the investment back being a bad thing.
It's obviously strictly worse for taxpayers to give the 10bln outright than to keep a stake worth approx that with the future chance of making money out of it right? that's actually what dem + rep bipartisanly did for banks and the gvmnt ended up actually making money on that, vs just giving freebies to stockholders.
Unclear what the opposition can be other than "the gvmnt should never ever do grants to companies", which i would agree with, but democrats can't ask given the absurd content of the "inflation reduction act" and many other choices they did even recently about giving free money to companies (including during covid).
the us gvmnt buying a 10 bln stake in Intel is baddish, even if it has no voting rights.But given the counterfactual was to give 10 bln to the company with no strings attached it's unclear to me how anyone could consider the gvmnt keeping a chance to recoup the investment back being a bad thing.It's obviously strictly worse for taxpayers to give the 10bln outright than to keep
I could be misremembering, but I believe President Obama had a similar deal with Chrysler when his administration saved that company.
I could be misremembering, but I believe President Obama had a similar deal with Chrysler when his administration saved that company.
With Chrysler the gvmnt did 2 different things during the Obama admin.
They loaned a lot at insane interests to the "newco" that came out of chapter 11 , togheter with the gvmnt of Canada, and that was a deal that made money.
They also had an equity stake over 10 bln (which was a lot more money in 2008 than it is today), which they later sold at a loss (10-20% loss can't remember exactly).
It was TARP money for the equity stake iirc. What i remember is that the italian company FIAT bought the american gvmnt stake in chrysler.
But that was a company in distress with a lot of employees basically, the gvmnt intervention was thought to be cheaper than assisting the employees individually with gvmnt welfare (maybe ex post it was proven correct? unclear).
For Intel the rationale is very different, it's a purported "sector of national interest", and usually in the USA (unlike in the EU) the state doesn't go and get a piece of , say, military equipment producers.
So yes there is a lot of precedent but for different reasons, and this additional precedent isn't nice either. But it's still better than outright giving 10 blns to intel obviously, hard to understand how anyone could prefer to just give 10 billions to the company which is what Biden (and congress) attempted to do.
I could be misremembering, but I believe President Obama had a similar deal with Chrysler when his administration saved that company.
Pretty different situation. The entire US car industry was on the brink in 09. Other chip makers are setting records every quarter, not looking for private equity funding to stay afloat; Intel is doing poorly because of their own failures not anything macro or industry wide. This looks like intel giving up 10% from some cronyism and for the government to strong arm other businesses to prefer Intel over superior options.
This guy fits so perfectly into his archetype
You’re very lucky to be old and (hopefully) have money (these things shield you from needing to be critical of yourself)
No innocent birds going to be killed under Trump's watch.
"For the second time, the Trump Administration has taken unlawful action against a fully permitted offshore wind project under active construction — this time one that is nearly 80% complete," Liz Burdock, chief executive of the Oceantic Network, an advocacy group for offshore wind, said in a statement about the Revolution Wind project.
"This dramatic action further erodes investor confidence in the U.S. market across all industries and undermines progress on shared national priorities — shipyard revitalization, steel and port investments, and energy dominance," Burdock said. "In fact, halting work on Revolution Wind will drive up energy costs for consumers, idle Gulf Coast vessel operators that have invested hundreds of millions of dollars in new or retrofitted vessels, and jeopardize the livelihoods of union workers."
Take that libtards!
Epic Eric Adams (video in the link)
Weightlifting "competition" vs mamdami
64 vs. 33. A lifetime of hard work vs. a silver spoon. The results speak for themselves.
The weight of the job is too heavy for “Mamscrawny.” The only thing he can lift is your taxes.
I'm not sure the guy who has made it clear that he is mainly here for the crypto and lols gets the benefit of the doubt on this sort of comment.
Epic Eric Adams (video in the link)
Weightlifting "competition" vs mamdami
64 vs. 33. A lifetime of hard work vs. a silver spoon. The results speak for themselves.
The weight of the job is too heavy for “Mamscrawny.” The only thing he can lift is your taxes.
Are we supposed to be impressed with the amount of weight that Eric Adams is lifting in that video? Let's just say that his performance does not reflect a "lifetime of work" in the gym.
Hell yeah brothers, lets select our politicians on how many 135 pound bench press reps they can push and who has the funniest irrelevant zinger in an off cycle interview
Hell yeah brothers, lets select our politicians on how many 135 pound bench press reps they can push and who has the funniest irrelevant zinger in an off cycle interview
This too. It would have been an insanely stupid flex even if there had been three plates on each side.
Are we supposed to be impressed with the amount of weight that Eric Adams is lifting in that video? Let's just say that his performance does not reflect a "lifetime of work" in the gym.
I actually loved the quote about taxes, I think it was a pretty decent word play.
i think it's embarrassing both went down with the lifting, kinda disqualifying, not unlike the massive joke and embarassment RFK is, but that's the democratic party for you, in one of the most important cities in the world.
****ing clowns who should clean the dishes and take out the trash and be thankful if at the end of the month they have food on their plates.
are you guys willing to admit the Democratic party is utter trash?
Sure but the right is never going to be the guys who really deliver for reg. working people. The Ds are primarily trash because they're compromised(to the right) into being something other than what they should primarily be which is a labor party. The right has been pretty unabashedly a pro-capital party for ages.
It/that: ‘check out this ePiC eRiC AdAmS link’
Also it/that: ya you’re right it’s pathetic not epic like I thought. Aren’t the Dems trash?
I assume you realize that they weren't talking about reps.
It/that: ‘check out this ePiC eRiC AdAmS link’
Also it/that: ya you’re right it’s pathetic not epic like I thought. Aren’t the Dems trash?
The quote about taxes is kinda epic. NYC democrats are all utter trash.
There are non-trash democrats. Shapiro, Fetterman and others. But you guys refuse to accept those centrist serious people are the good guys. So you get the weight lifting competition with one competitor being a *muslim communist* something that shouldn't actually exist in the USA at all to begin with
You are very, very easily impressed. You must vibrate like a tuning fork when you encounter a person who is actually clever.
I assume you realize I didn’t actually click on that ****ing nonsense and am just jumping to conclusions
You are very, very easily impressed. You must vibrate like a tuning fork when you encounter a person who is actually clever.
I just like when words are used well. Doesn't mean i am going to "endorse" or "like" someone because he uses words well.
The cat color doesnt matter if it catches the rats Mao quote, i like it as well. Even if it's very high if not at the top of the list of "worst human beings that ever lived" for me.
