Breaking News: Intel, the troubled chipmaker, agreed to sell the U.S. government a 10% stake in its business worth $8.9 billion.
Breaking News: Intel, the troubled chipmaker, agreed to sell the U.S. government a 10% stake in its business worth $8.9 billion.
Just another fascist move by Trump.
why are we buying this, what a waste of taxpayer money
We aren’t buying it…it is a shakedown Won’t release congressional funds unless they “pay up” Pure Mafia
turmp said “he” didn’t pay one penny for the 10% ownership. Intel just “gave him” almost a billion dollars. This administration has no legitimate claim to rule over the Union. They are a rogue dictatorship. They have lost whatever authority they might have had.
So what happens after 2028? Where EXACTLY will the money go? Healthcare for all? Feeding kids? Helping the poor and elderly? Or trumps pocket?
Who’s the communists?
We can bail out companies but we can’t help people? Yeah, definitely a GOP-run government.
It's more shaking down than bailing out
Yep! Would it be our great Trumpy if there were no shake down?
For the record, this is actually really good and what Dems should have done with the CHIPS Act and should try to force Trump to do this more frequently. If you're going to give out corporate welfare, get something for it.
So, your down for communism?
This isn't communism bud. And Bush and Obama did the same thing. What I'm down for is not giving out corporate subsidies without getting something back, and this did that. Arent you against corporate giveaways???? Intel wasn't forced into it. They needed cash and to stabilize their stock price.
That is, allowing WH cronies to interfere in management
Is this the "socialist" part of Trumpy National Socialism?
WHY NOT? TRUMP ALREADY OWNS THE NYT. #BOYCOTTINTEL #BOYCOTTNYT FUCK NYT AND THE REST OF THE FASCISTS.
remember when the Republicans started calling GM "government motors" just because Obama let them borrow some money that they paid back with interest? And it was proof that Obama was a communist? Good times..
just think it's funny that after all these years of Republicans calling everyone else they don't like a "Commie" turns out they were all Commies the entire time Who could've seen this coming? 🙄
COMMUNISM
Communism begins in Trump’s America.
How very communist of Trump. Govt takeover of private enterprise.
Is everyone working at The #VichyTimes a Republican now??? Honestly, WTF?
Next will be Tik Tok, we all know why. So much for "freedom"....
They didn’t sell a stake, Trump took it as part of his protection racket. Also, 10% of intel is $10.8B.
Remind me, what’s it called again when the State owns the means of production? Or maybe he’ll shunt it off to some friends running some organization, what’s it called again when a few people benefit off nationalized industries?
Trump is seizing the means of production.
So the republicans DO like socialism.
This isn’t socialism It is communism- control of production of goods.
This is a stupid thing to argue about on social media. But government control of means of production falls closer to socialism than communism where industry is owned by the workers and the state is merely a function of that. www.ebsco.com/research-sta....
This is just stupid retribution for Intel CEO Pat Gelsinger for working with the Biden administration and congress to build a leading edge semiconductor manufacturing company owned and operated in the United States of America. Including in Ohio to build a "silicon heartland". Now that's all gone.
Yep now that’s def communism
Technically it’s socialism.
Communism and socialism imply caring for the disadvantaged, Trump’s government is neither of both, is autocracy
Capitalism is privately held means of production. Socialism is publicly held means of production. State owned companies imply a socialist system.
These damned gov't tyranny issues are so easily solved by The Second Bill of Rights. Please tell folks to help establish its 501(c)(3) in September! Donate today! Spread the word far and wide. www.secondbillofrights.us/donate Even if it's $10 or $20 . . . every little bit helps get us there.
Next thing you’ll know is that Trump will threaten companies who don’t buy Intel chips.
Just like a mob boss with a protection racket.
How do shareholders feel about this, I wonder?
What do you called state owned economy.
How is the govt paying for it? Gaza A Lago investment coins?, Ukrainian land deals? $trump coins? Or maybe those hundreds of trillions and zillions mades on taxing the US public via tariffs ?
The government controlling the means of production? Sounds more Stalin than Adam Smith
Not sell. Give to the extortionist for the grant money they were already promised with no strings by Biden and Congress
The US government now in the chip business? Munch, munch.
hey are you gonna mention that he doesn't have this power?
So the money reduces our debt right…..
Did Intel spray paint all their equipment gold just to please trump???
They check every box Fascism is a political philosophy ✅that exalts nation & often race above the individual ✅stands for a centralized autocratic government headed by a dictatorial leader ➡️severe economic and social regimentation ✅forcible suppression of opposition
Interesting article.
Socialist President
sell? chump said it didnt cost anything Oo
Caligula says those shares were for free.
This just sounds so hinky.
Helluva way to describe Trump's extortion, NYT. For context, Republicans howled when Obama offered federal loans to GM and Chrysler during the Great Recession and held a temporary equity stake in both companies.
The government should not be buying shares of companies. That's not capitalism.
Sounds like communism
Big government control of industry? If only there was a name or two for that.
A national socialism, if you will.
european-security.com/the-cesspool...
Intel Agrees to Sell U.S. a 10% Stake in Its Business f the nyt gift link
😡😡😡😡
Every day I loathe him more.
State capitalism just like China. Will our social credit system be called our Trumpscore? Nonzero chance.
Venezuelan government 2.0 in making
Pretty socialist of them
Pretty fascist of the government.
Pathetic
I'm sure we're gonna hear from all the folks who yelled about govt not "picking winners and losers"
The pedophile has become communist
Who knew the M in MAGA was Marx.
Government ownership of the means of production. Welcome comrades to communism.
Why?
I did not understand until now that Trump is a communist - bent on His government owning & controlling business.
A Stalin type of program. Not American. Only fit for the hore in TWH.
Trump will likely press Intel to provide him with tools to spy on people using Intel chips. That includes millions of everyday Americans.
More tRump extortion. It will come out. Columbia, Harvard & lawfirms… move over.
Putin is going to be really pissed. Russia has only recently come around the the idea of oligarchy, and America goes communist.
Woah there comrade! United Soviet States of America.
“Sell” implies that the government bought the shares, which they apparently did not.
Communist shit!
So effing un American
This is so wrong.
Can’t wait for your next story on how terrible Mamdani’s SOSHIALISM is.
Is that what you’re calling blackmail these days?
This is socialism!!! Why aren't you including that fact in your headline????
Specifically, national socialism.
Specifically communism
US now a communist dictatorship
Comparing this to what happened in The Great Recession is obscene.
Actually, Intel is in the great recession for chip makers. They're way behind the game and need $$ to catch up. Their size has been cut in half while Taiwan semi has more than doubled and NVDA is more than 10x since COVID. If they don't act now, they will get run under and we need US chip makers.
This has already been dealt with by Biden. It's called the CHIPS ACT. They're just getting the funding that already was supposed to come their way. This is extortion. Don't try to lecture people when you don't know the deal.
Intel was still going to have to reach various thresholds in order to get all the money, and their factory in the US was delayed for several years already. It was big news a while back and could have jeopardized their cash. And again, since when are dems on the side of free corporate welfare???
Their factory is 5 years behind schedule so far and wouldn't be surprised if it slips more, especially if there's a slowdown. That alone could let Trump clawback the money. This is a win win because that would hang over Intel's head for the next 6 years and now it won't.
The irony of Republicans calling everyone else communists and then gradually nationalizing industry while guiding economic policy with tarrifs is lost on the MAGA pea brains.
Definitely a China, Communist China, move. We have money for failing companies but not people? Of course, since we’re in debt it’s all borrowed money. Let the 6x bankruptcy king decide industrial policy.
Since when do conservative statists allow the federalization of a state’s National Guard? There are no longer any conservatives, just MAGA hatred.
Next time my dad calls me a commie liberal I get to point out that his president is literally at the helm of a government takeover of private companies. Actual Communist shit. 👍🏼
What the actual f….. ??? So we are slow stepping nationalization of corporations now. That’s great. They did this in Russia too in the late 1990s and early 2000s. This should be a huge red flag to everyone.
How much does the orange felon own personally? Insider grift at it's worst
Horrible. Is Trump going to start nationalizing companies?!
Breaking: yay communism. We cheerleading for that now, NYTs? Its hard to keep up.
Looks like the guy who complained about Democrats being communists actually turned out to be a central planner himself. I've said it for a long time everything Trump says is projection and confession.
communism much
So, when you say “The Government “ you mean “The People of the U.S. “ because as far as I know, the government doesn’t have money, they have the people’s money!
Guess I’m going AMD next time
Sounds like communism to me.
Guess it's time to stop buying computers with Intel chips.
Intel, partially state owned company. Who would've thought
So nationalizing businesses now? Wasn't that why were supposed to be afraid of communism?
Uuhhh that’s one way of phrasing it. Another more accurate way would be: Trump illegally withholds 8.9 billion in congressionally allocated funds and only agrees to release it to Intel bc the company agreed to give govt 8.9 billion worth of stock. This is a straight up mob shake down. Get it right.
New York Times editors agree to pretend that White House child-sex-crimes coverups are fine.
Y’all were so afraid of socialism that you sided with Communism 🤣
Sounds like communism to me. The GOP has embraced a socialist economy.
The American Huawei
I'm not sure what the definition of troubled is in relation to this company.
The US wants to pay off its astronomical debt by extorting other countries.
Intel is now officially effed.
They didn’t “sell”. It’s in return for the CHIPS Act grants, which isn’t even in the law so it’s illegal but whatever.
Illegal? What a 2024 concept.
Who is the communist now, Donald?
"US government" is well said, which means only Trump and his masters behind. Not the country, not Americans, just that mischief.