cantankerous_cashew@lemmy.world to Technology@lemmy.worldEnglish · 23 days agoU.S. government takes 10% stake in Intel, as Trump expands control over private sectorwww.cnbc.comexternal-linkmessage-square68fedilinkarrow-up1380arrow-down16
arrow-up1374arrow-down1external-linkU.S. government takes 10% stake in Intel, as Trump expands control over private sectorwww.cnbc.comcantankerous_cashew@lemmy.world to Technology@lemmy.worldEnglish · 23 days agomessage-square68fedilink
minus-squareanotherspinelessdem@lemmy.mllinkfedilinkEnglisharrow-up21·23 days agoDidn’t Obama do it for GM and a bunch of other companies as part of a bailout package for a period of time?
minus-squareNoForwardslashS@sopuli.xyzlinkfedilinkEnglisharrow-up18arrow-down1·23 days agoAh 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.
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkEnglisharrow-up5·23 days agoIt was Bush just before he left office.
Didn’t Obama do it for GM and a bunch of other companies as part of a bailout package for a period of time?
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.