Funny, when Europe does this, it’s called “socialism”.
this post was submitted on 22 Aug 2025
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Can you imagine the screams of, “COMMUNISM!!!!” If Obama or Biden had done this. It’s all we would hear about for an entire election cycle. Fox “News” would play it nonstop.
Didn't Obama do it for GM and a bunch of other companies as part of a bailout package for a period of time?
So did Bush. It's only bad when their enemies do it. It's righteous and just when they do it.
So if I'm reading that right they set for $700 billion worth of purchase during the Bush admin, it got reduced to 426.4 billion by 2014 and they claimed they made $15.3 billion. It sounds like they made a 3.5% gain on their investment total. A win! Yay... Only if you ignore the fact that if that money went in from 2009-2024, the money averages out on inflation to have been worth 481.29 billion. A loss of $12.15 billion dollars if they would have done anything else with it.
Overall I wouldn't be mad that they wasted that money if they had focused on structuring the company moving forward in a manner that wouldn't end up supporting a wealth divide moving forward. The CEO "only" had a salary of $2.1 million in 2024. Which actually sounds mildly alright. Yet her take home was $29.5 million when they got done throwing stocks and bonuses at her. That's after GM stock started 2024 at $55.50.... and ended the year at $35.64.
So the company lost ~36% of its "worth" and she got more than 13x her salary in stock and bonuses.
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Ah but a bailout package is different. That's a display of powerful capitalism. A private company so powerful it can't be allowed to fail and a government so strong it won't allow it to fail.
It was Bush just before he left office.
Yes, but it's not socialism we're seeing. It's fascism. Fascism also has state control of private industry. For a different purpose.
And when China and Arab states do it, it's something to aspire.
Yes and no. In this context, it’s more of a shakedown-sorta thing.
Seems like the government owning private industry might stray into the socialism thing thy hate. Why not do this with something more important like healthcare? Republicans are hypocrites.
Healthcare could help, that's good socialism. Intel is profits and power and control for the sake of it. That's bad socialism.
That way when things fuck up they can point and go SEE SEE IT DOESNT WORK! WE TRIED IT AND IT MADE THINGS WORSE!!
and if it somehow does manage to help or improve things they can now claim they did something smart and take all the credit.
Well, no. In this case it's probably Intel is collapsing I assume, and they're the only CPU producer native to the US. It'd be a really bad thing strategically to let them fail, so they should be nationalized.
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We’ve always had communism for the rich and cutthroat capitalism for the working class
Our healthcare system in the US is Socialism, only the government funds the corporations with subsidies, not paying outright for the citizens. It's a man in the middle system where they stick a middle finger up your ass to get money from you three times. With taxes, with insurance, and with actual medical care.
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Uhhh, so much for the free market Republicans spent decades championing
They’ll run it into the ground regardless.
Well, yeah, they always do. Republican admins always leave the economy in the shitter and saddle the nation up with debt so that the incoming Democratic admin has to spend all of their time bringing the economy back up to speed rather than implementing effective reform.
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Wow. Throw 16M people off health care, then invest the 'savings' in corporations. HEy, Intel, how do you like your blood money?
Historical evidence would seem to suggest that Intel very much do like their blood money I would imagine they would like some more please.
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government owning the means of production?
🤔
Not socialism.
There's a different word for that, unless you think the American government represents the working class.
And so the current Intel chipset I have will be the last I ever own.
I feel like that should’ve already been a given when the 13th and 14th gen Core processors permanently kneecap themselves if they feel like it. But that’s just me.
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Fascism is a far-right, ultranationalist, and authoritarian political ideology that emerged in early 20th-century Europe, characterized by a totalitarian, one-party state, a charismatic leader, a fixation on national decline, and the suppression of individual rights and opposition groups. It combines elements of militarism, economic self-sufficiency, and mass mobilization, often through propaganda and violence, to achieve a vision of national purity and power.
This is why I don't like trump being called a nazi, a nazi was a nickname for the german fascist based on the name of the political party NSDAP, specifically the N part, National with the ti part being pronounced the same as the zi part in nazi.
Trump is an american fascist. When you call him a nazi it paints the picture of the ultra villified almost over the top hollywood nazi and it muddies the water and lets other fascist media pundits dismiss it over exaggeration.
Now after being pedantic I prefer these lists tlto check if you live in a fascist state
https://osbcontent.s3-eu-west-1.amazonaws.com/PC-00466.pdf
Spoiler alert: the US is under control of a fascist government.
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Yes but contrary to China, USA doesn't use government subsidies to promote their own industries, or state owned companies to spy on the rest of the world. 🤪
/S
I hope Intel survives because a Chinese (mainland+Taiwan) monopoly will not be good, but I am so sick of American disinformation regarding China. Always blaming China for things USA has been guilty of for decades before China.
Are you sure about that? US hardware is spying on the rest of the world for decades. Cisco is in no way better then huawei.
Can you not see the crazy smiley? Clearly indicating the statement is crazy. It was sarcasm, but OK I'll add the /S.
Also the part that USA did it for decades before China should clearly indicate the part above was sarcasm???
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Well, now that they're doing it like China is, the rest of the world should use tariffs to mitigate this, like we do with Chinese EVs for an example (since those are so heavily subsidized to root out competition not just in China, but worldwide)
So uh, Intel doesn’t get anything, and gives up 10% of their stock because they’ve just decided to retroactively alter the CHIPs act?
No, not at all. The government bought shares in Intel. When you have shares in a company you own part of the company.
Just to clarify and add to what you said, equity shares are not stocks. The gov gets dividends and such, but it isn't stock that is bought and sold on wall street. It's all about profitability and not about speculation. If the company makes money, so does the gov. If it loses money, the gov loses money.
small penis government 😤
AyyyyyyyyMD
If tax payers are going to be investing into these businesses and they're avoiding taxes taking a share of the company is better than nothing.
I mean, it's socialism, but don't tell their voters
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Release the Trump/Epstein files
Boycot Intel? Okay, you got it!
Already buying AMD. Nothing personal, AMD CPUs are just better, faster, more efficient and easier to upgrade.
Didn't the US do a similar thing to save our auto industry? Buying in? I'm hazy on the details, been a minute, but didn't we cash out and profit?
Not saying this is the end game here, but still?
According to a May 2011 report by the White House National Economic Council, however, the US government may have to write off about $14 billion of its $80 billion loan.
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Wasn't government cross-pollinating with industry a relevant component in 20th century definitions of fascism?
While I don't trust this administration in the slightest this isn't unprecidented:
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In 2009 he U.S. government took an initial 9.85% ownership stake in Chrysler as part of the company's bankruptcy restructuring. The government later sold its stake to the Italian automaker Fiat in 2011, exiting its investment completely.
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As part of the auto industry bailout in 2008 and 2009, the government received a 60.8% equity stake in GM. The government sold its final shares in 2013.
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American International Group (AIG): In its bailout, the U.S. government provided roughly $182 billion in aid and at one point held an almost 80% stake in the insurer. The government sold its last shares in 2012, ultimately making a profit.
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I personally don't think any of these big companies should be privately owned. Rare win for the pedo admin. Maybe we can get 10% of the epstein files next.
Imagine bribing politicians to get tax breaks as those same politicians start to take more of a cut than the other side would have taxed you. I'm starting to think everyone that is rich and powerful are also incredibly stupid.
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