▲ | Fade_Dance 4 days ago | ||||||||||||||||||||||||||||||||||||||||||||||
The first thing that jumps out is that it is impossible to avoid the absurd juxtaposition of a republican led major national corporate stake, after a decade of the auto bailouts being used as a poster child of policy that the current party in charge doesn't agree with. Moving on from that, you make a good point that it may be the best compromise if the original deal is off the table. That said, in my eyes the implementation could be better. On both a practical and ideological level, I think it would behoove the dealmakers to lay out clear exit conditions. That could look something like anything from signing a covenant with Intel to freeze dividends and corporate buybacks and pay down debt (which is dangerously high for them currently), and then once the corporate balance sheet gets to a safer level, the US gov could run a public auction for the equity once that strike level is hit. I'm sure they could come up with something palatable. What's unexcusable is to apparently enter into a seemingly permanent zone of CCP-style state corporate capitalism without clearly laying out what that means for America going forwards. As an average citizen, I certainly have questions about the precedents being set, and to me it just looks haphazard and off-the-cuff. | |||||||||||||||||||||||||||||||||||||||||||||||
▲ | mlinhares 4 days ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||
> The first thing that jumps out is that it is impossible to avoid the absurd juxtaposition of a republican led major national corporate stake, after a decade of the auto bailouts being used as a poster child of policy that the current party in charge doesn't agree with. The only absurd here is to think republicans care about anything other than power . Doesn't matter what they did or said yesterday, what matters is what can they say and do today to remain in power and enable their deep pocketed donors to make more money and gain more power. People really have to stop thinking there's anything there, there's nothing, its all about acquiring and using power. Trying to come up with ideological reasons as to why they do this or that is useless. | |||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
▲ | gonzopancho 4 days ago | parent | prev | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||
The auto bailouts were started by Bush | |||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
▲ | petralithic 4 days ago | parent | prev | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||
Why have an exit condition at all? I'm not sure what's so inexcusable about what China is doing, by the looks of it, for their nationally important industries, they're doing pretty well. | |||||||||||||||||||||||||||||||||||||||||||||||
▲ | rayiner 4 days ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||
> The first thing that jumps out is that it is impossible to avoid the absurd juxtaposition of a republican led major national corporate stake The GOP overthrew its leadership in 2016 and a different faction took control of the party. The GOP started out as an economically interventionist party: https://www.journalofthecivilwarera.org/2017/04/gops-civil-w.... Then it went through a libertarian phase in the mid 20th century. Now its back to an economically interventionist party. |