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[–] 14 points 19 hours ago (10 children)

Ohh absolutely, it was devastating to watch, and then to see corporations being bailed out because they were too big to fail. The big question is, is this really the start of a serious crash where the circle jerk of circular money pumped between 4-5 megacorps comes to an end, or do things really go crashing down from here. You need sanity to stabilize…the nuts have spun off the lugs that were holding the wheels of the economy to the hub…i think one wheel just wobbled a little…

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  • [–] 5 points 18 hours ago (7 children)

    There won't be an AI bailout as with the auto industry and banking. AI hate is bipartisan and no national-level politician is dumb enough to throw public money at them. They're not a huge employment/manufacturing concern like autos and they're not the backbone of our financial system.

    (And once again, I love your lug nut analogy, spot on!)

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  • [–] 3 points 18 hours ago (3 children)

    Greetings again 👋

    Yah I agree, I don’t think it will be a traditional bailout like the auto industry though which was forgivable loans, I think it’ll likely come in the form of additional stock purchases by the US government, which is wild when you think about it.

    They’re not a huge employment/manufacturing concern like autos and they’re not the backbone of our financial system.

    No but they (AI companies and those claiming to be one including chip companies) directly influence the stock market, and this administration is having its day manipulating the hell out of it making a ton of money along the way. So if there is a way for the to make money on it, it will absolutely happen. Also the chip companies have national defense interests and so it’ a similar scenario as the DOD’s mission can not ever be hampered lol. The line must go up lol.

    Ha! And thank you.

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  • [–] 1 point 13 hours ago (2 children)

    One sticking point, Trump can't spend that kind of money and he's about to lose the House and possibly the Senate.

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  • [–] 1 point 17 hours ago (2 children)

    AI hate is bipartisan and no national-level politician is dumb enough to throw public money at them.

    Trump loves him some AI bros, though. And could easily "justify" dumping shitloads of public money into them because using AI in the military (bad idea in the first place) makes AI a "national security priority".

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  • [–] 1 point 13 hours ago (1 child)

    Trump can't spend that kind of money. Despite Congress bowing to him, they still hold the power of the purse.

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  • [–] 2 points 13 hours ago*

    If they actually opt to use it. Which is a big fat fucking if.

    Also, Trump might just steal it from somewhere. (Where has all that Venezuelan oil money gone?) And who's going to stop him? The Supreme Court has already ruled that he can do basically anything he wants.

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