Report: Trump Administration in Talks to Buy Stake in Intel to Produce High-Tech American Jobs

[TCC]

Report: Trump Administration in Talks to Buy Stake in Intel to Produce High-Tech American Jobs

The Trump administration is reportedly in discussions to buy a stake in beleaguered chipmaker Intel to help shore up the company's delayed factory project in Ohio, according to people familiar with the plan.

www.breitbart.com

The Trump administration is reportedly in discussions to buy a stake in beleaguered chipmaker Intel to help shore up the company’s delayed factory project in Ohio, according to people familiar with the plan.

 

[Margery]

Generally govt doesn't do as well as private owners in business operations. My province has lost a ton of money doing that but hopefully that will just be a short term measure otherwise it gets into the socialist model of govt owning business and making politically correct decisions on business matters which don't always translate to profits.


That goes double for firms that are barely managing as it is before govt help. The reasons for a company doing poorly are not always visible to the bureaucrats now running the place and if the pros had trouble, the govt sure has more trouble.

Also not good for the healthy businesses trying to compete as govt business uses tax dollars to undercut the competition and eliminate it. Or in other words how my province killed good cheap auto insurance.