Do I understand Nutlick correctly that he wants to use public money to give institutional investors another avenue to skim more stock valuations from the public’s retirement portfolios?
adoughoskins on
Multinational companies should not be involved in our defense!!!!!!!!!!!
BathingInSoup on
This whole idea of this administration taking stakes in American companies is something I never saw coming and seems totally out of left field to me. WTF?!? The dude (and his enabling party) have gone full-on schizophrenic!!!
simrobwest on
Too true, tovarish Lutnick!
UghItsColin on
Ah yes, the famed conservative principle of seizing the means of production. How free market.
FeRooster808 on
I don’t really think doing this occasionally is terrible, but I do find it SUPER ironic given all the anti-china sentiment over the years. I think I even recently saw a picture of a guy in DC standing in front of an armored military vehicle. Rough times for Reddit sinophobes. What will they grasp at now?
heelspider on
Red Hats = back door communism. Did not see that one coming.
Rivercitybruin on
What the F is wrong with these people?
mvanhelsing on
That is what he discussed in his meeting with Putin
RaggedMountainMan on
You’re intuitively thinking a free and fair market is dead, which is has been for quite some time now.
Actually this is right in line with capitalism. They’ve exhausted so many of the cheap tricks to pump up stocks and other capital asset markets, government buying stakes is the next logical step to pump capital inflation up to the next leg of all time highs. Socialized capitalism: using our tax dollars to benefit corporate and investor interests.
Workers lose again. Our wages constantly being devalued, and never keeping up with the cost of living.
leggocrew on
Pfffff…… we can’t take your serious any more: sincerely the rest of the western world…
I_HopeThat_WasFart on
Y’all move the goal posts at any chance to discredit a party that is not yours in power…started with capitalism is awful, OMG. Now Trump is moving to take stakes in public corporations, OMG Trump is destroying capitalism!
Losalou52 on
It’s not nationalization. That implies control. The US government is not controlling anything in this scenario. They will become non-voting share holders. It is essentially an investment in critical industries. As opposed to a bailout, this creates stability for the industry and upside for the taxpayers. For example the chips act gave a bunch of money to preferential companies and industries with the hope of that investment improving things for the whole economy. This is similar but different. Instead of just giving the money and hoping, we are investing in them which will lead to the same improvement of conditions as the chips act but will have further upside if the stock price goes up.
I’m surprised that everyone who hates corporate bailouts thinks this is bad. It is certainly an improvement from what has previously been occurring.
stratamaniac on
Corporatist fascism.
Barack_Odrama_007 on
The GOP complaints about free markets and big government were always lies.
SirShaunIV on
*sigh*
BlackThundaCat on
lol this seems communist?!? Where are all the righties at?
Present_Membership24 on
State owned enterprise is neither socialism nor communism, guys …
in this case, if executed, it’s literally fascism… it will be reprivatized swiftly and used by a fascist regime to accumulate further capital as wealth inequality… because fascism is an outgrowth of capitalism facing its own systemic consequences
DA2710 on
So leftists can’t think more than wasting tax dollars. So let me help you. Instead of just shotgunning your tax dollars everywhere with NO accountability or return like Biden did. The President is demanding accountability and oh my gosh, actually having the tax payer get a fair return also. WE have NON voting equity.
Just like you’re mad that snap can’t be used for candy and nails, we actually want to make sure tax dollars are spent responsibly. Oh no the horror.
A company can simply not take subsidies also. That’s always an option
21 Comments
Lol Republicans can never call Dems communist
Do I understand Nutlick correctly that he wants to use public money to give institutional investors another avenue to skim more stock valuations from the public’s retirement portfolios?
Multinational companies should not be involved in our defense!!!!!!!!!!!
This whole idea of this administration taking stakes in American companies is something I never saw coming and seems totally out of left field to me. WTF?!? The dude (and his enabling party) have gone full-on schizophrenic!!!
Too true, tovarish Lutnick!
Ah yes, the famed conservative principle of seizing the means of production. How free market.
I don’t really think doing this occasionally is terrible, but I do find it SUPER ironic given all the anti-china sentiment over the years. I think I even recently saw a picture of a guy in DC standing in front of an armored military vehicle. Rough times for Reddit sinophobes. What will they grasp at now?
Red Hats = back door communism. Did not see that one coming.
What the F is wrong with these people?
That is what he discussed in his meeting with Putin
You’re intuitively thinking a free and fair market is dead, which is has been for quite some time now.
Actually this is right in line with capitalism. They’ve exhausted so many of the cheap tricks to pump up stocks and other capital asset markets, government buying stakes is the next logical step to pump capital inflation up to the next leg of all time highs. Socialized capitalism: using our tax dollars to benefit corporate and investor interests.
Workers lose again. Our wages constantly being devalued, and never keeping up with the cost of living.
Pfffff…… we can’t take your serious any more: sincerely the rest of the western world…
Y’all move the goal posts at any chance to discredit a party that is not yours in power…started with capitalism is awful, OMG. Now Trump is moving to take stakes in public corporations, OMG Trump is destroying capitalism!
It’s not nationalization. That implies control. The US government is not controlling anything in this scenario. They will become non-voting share holders. It is essentially an investment in critical industries. As opposed to a bailout, this creates stability for the industry and upside for the taxpayers. For example the chips act gave a bunch of money to preferential companies and industries with the hope of that investment improving things for the whole economy. This is similar but different. Instead of just giving the money and hoping, we are investing in them which will lead to the same improvement of conditions as the chips act but will have further upside if the stock price goes up.
I’m surprised that everyone who hates corporate bailouts thinks this is bad. It is certainly an improvement from what has previously been occurring.
Corporatist fascism.
The GOP complaints about free markets and big government were always lies.
*sigh*
lol this seems communist?!? Where are all the righties at?
State owned enterprise is neither socialism nor communism, guys …
in this case, if executed, it’s literally fascism… it will be reprivatized swiftly and used by a fascist regime to accumulate further capital as wealth inequality… because fascism is an outgrowth of capitalism facing its own systemic consequences
So leftists can’t think more than wasting tax dollars. So let me help you. Instead of just shotgunning your tax dollars everywhere with NO accountability or return like Biden did. The President is demanding accountability and oh my gosh, actually having the tax payer get a fair return also. WE have NON voting equity.
Just like you’re mad that snap can’t be used for candy and nails, we actually want to make sure tax dollars are spent responsibly. Oh no the horror.
A company can simply not take subsidies also. That’s always an option
Do the energy companies next