Conspiracy theorys, where do you stand?

[bwoods11]

Who is in favor of this shit?

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The Intel investment has paid off big time!

 

[Brian662]

The Intel investment has paid off big time!

So you're in favor of socialism?

Who exactly has it paid off for? Did you receive a line item on your tax return earmarked with an Intel payment?

 

[bwoods11]

So you're in favor of socialism?

Who exactly has it paid off for? Did you receive a line item on your tax return earmarked with an Intel payment?

Go look up Obama & Biden squandering $$ on stupid government projects. You can add up fraud in California & Minnesota & it far exceeds anything the Trump administration has “lost” on government projects…

I think the investments are actually up 20% or more?

 

[Brian662]

Go look up Obama & Biden squandering $$ on stupid government projects. You can add up fraud in California & Minnesota & it far exceeds anything the Trump administration has “lost” on government projects…

I think the investments are actually up 20% or more?

What are you even saying?

False equivalency running wild here.

Government picking winners and losers = bad
Government bailing out private companies = bad
Government taking a pound of flesh for their bailout = socialism

 

[bwoods11]

It’s pretty self explanatory…

One example …
Intel investment… up $16 billion (Trump)
Solyndra investment… lost $560 million (Obama)

Another example…
Lost $$ in California to fraud ($80 billion +) Lost $$ in Minnesota to fraud ($19 billion)

If you find fraud or taxpayer investment waste under Trump that exceeds that… please post it up ??

 

[Brian662]

I'm not here trying to defend Obama, California, or Minnesota. I'm here to denounce socialism in the federal government.

But since you've brought it up, let's talk about the PPP loans to the tune of $800 BILLION.

 

[Howboutthemdawgs]

Two things can be true regarding this. Waste absolutely should (but it wont) be eliminated and prosecuted. AND the government should stay the hell out of (but it won’t) private business. It’s bad when a so called conservative administration is meddling/buying into private companies. Wait till the socialist get in next election.

 

[Brian662]

According to the FBI, estimates between $64-$200 Billion may have been paid to fraudulent actors from the PPP money.

 

[jsasker007]

 

[Hoytvectrix]

Comrade Mamdani

It's literally Trump bringing it up though. And he has been doing it at unprecedented rates. I think this would make company number 11 or 12 since Trump took office.

 

[jsasker007]

I understand it's a business move and the businesses that have been "bailed out" in the past have had to buy back their own companies percentages that the government "held" in exchange for the bailout amounts. Don't know anything about the latest "proposals". I wish the money would come from somewhere other than our tax dollars. jmho

 

[Brian662]

I understand it's a business move and the businesses that have been "bailed out" in the past have had to buy back their own companies percentages that the government "held" in exchange for the bailout amounts. Don't know anything about the latest "proposals". I wish the money would come from somewhere other than our tax dollars. jmho

Chapter 11 exists for a reason. Let a self sufficient business buy the profitable pieces that remain after general liquidation.

 

[Hoytvectrix]

It’s pretty self explanatory…

One example …
Intel investment… up $16 billion (Trump)
Solyndra investment… lost $560 million (Obama)

Another example…
Lost $$ in California to fraud ($80 billion +) Lost $$ in Minnesota to fraud ($19 billion)

If you find fraud or taxpayer investment waste under Trump that exceeds that… please post it up ??

I sound like I am being critical of Trump but I actually think there are legitimate reasons for loaning companies money and for temporary investment in them if they make sense from a defense standpoint or from a long-term investment standpoint. Through DOD we funded much of the world's internet infrastructure which probably can't be overstated for how important that government investment in technology has paid off.

Part of the problem with taking a hard stand on this type of thing is that you can get judged harshly after the fact if the investments didn't pan out. Solyndra is one example where it didn't work. Intel might be a bad bet further down the road. What I think is bad is cronyism - politicians investing public dollars in their friend's companies.

 

[jsasker007]

Also we see the government stand in the way of certain businesses getting too large and they stop them or force them to "break up" but what's the deal then with others like Blackrock that own way more than any competitor of theirs? That's just one that comes to mind but there's a few that get to "run wild" where others would be stopped I believe. Maybe it's just me. Don't know what to think anymore.

 

[Howboutthemdawgs]

It's literally Trump bringing it up though. And he has been doing it at unprecedented rates. I think this would make company number 11 or 12 since Trump took office.

You don’t have to tell me. I’ve said since day one Trump is economically socialist. I’ve been saying that since his first term. If anything, he’s only put rocket fuel on that assessment this go round.

 

[Brian662]

I sound like I am being critical of Trump but I actually think there are legitimate reasons for loaning companies money and for temporary investment in them if they make sense from a defense standpoint or from a long-term investment standpoint. Through DOD we funded much of the world's internet infrastructure which probably can't be overstated for how important that government investment in technology has paid off.

Part of the problem with taking a hard stand on this type of thing is that you can get judged harshly after the fact if the investments didn't pan out. Solyndra is one example where it didn't work. Intel might be a bad bet further down the road. What I think is bad is cronyism - politicians investing public dollars in their friend's companies.

I think the knock on Solyndra, if memory serves me, was it was a no bid contract to an Obama donor and it never even remotely got off the ground. Perfect example of cronyism.

There are (possibly) dozens of examples of this from our current administration but that isn't important, obviously.

 

[Westwind]

These DHS folks like to get their freak on. Not as spicy as the great Kristi Noems husband but it will do for this week.

 

[bwoods11]

I think government investment has a place. For example … rare earths, chips, airlines, oil, fertilizer, potentially food/processing .

For example, why has the US not had a new refinery built, or a fertilizer plant ?

I’m not saying they should be government owned, but maybe they have a small stake in a new refinery… which I think is happening in Texas ?

 

[Westwind]

Strategic partnerships between the U.S. gov and private industry has driven scientific advances. I'm not sure we need to own the companies and I am not exactly sure what strategic purpose keeping Spirit open achieves but there must be some good reason.

One thing that has never crossed my mind personally is "boy I gotta get on Etrade and buy me some Spirit Airlines"...

Also- government isn't a business. Full stop.