9/16/25

The Administration’s recent “investment” in Intel is justified by Howard Lutnick saying Biden gave them $11 billion in grants and “got nothing for it” while Trump is at least getting stock for their $9 billion. How about we don’t waste any taxpayer money trying to pick winners and losers, which is essentially nationalizing them and socialistic. Remember Obama’s $528 million wasted on Solyndra? The lipstick for their pig is that they are creating a sovereign wealth fund. That’s great, except sovereign wealth funds are established investment vehicles not ad hoc one-off decisions. And, with the deficits the U.S. is running, it’s akin to you or me buying stock using our credit cards that we have no hope of ever paying down off.