I see your point John and well made. But this isn't the first time in history that the federal government has been involved in funding companies. I'm thinking Amtrak, GM, and Chrysler, as well as nationalizing railroads and other industries during war. Almost all are temporary. Trumps point of view is in place of subsidies, loans, etc., to take a stake in these companies. If this is a long-term strategy, this policy is dangerous and certainly goes against conservative values. But those values may need adjustment.
The threat of the Chinese government that invests heavily in strategic areas such as rare earth minerals and battery production is real and they control the world market. Some funding, investing, or whatever we want to call it is necessary when it comes to strategic materials as well as AI and chip manufacturing. We are way "WAY" behind the curve, and this must change. Some investments are too large to expect the private market to fund and I believe this would have been a major problem for PM Materials. We can't fail in these three markets, and the future of our country depends upon it.
We've done this in the past, whether right or wrong, but this is a far cry from the type of socialism where Mamdani wants to control the means of production.
I don't agree with the government investing into companies on a whim. But I see the strategic necessity in some industries to compete with China and their doctrine to control the world.
"If this is a long-term strategy, this policy is dangerous and certainly goes against conservative values. But those values may need adjustment." Dangerous indeed. Government involvement typically brings along an increase of bureaucratic tyranny and reduced innovation. And when has government ever done anything but grow beyond what anyone imagined at the beginning. I'm not saying what you suggest is bad, just worth thinking through carefully.
Sir John —- I must ask one thing —- since Trump Is pretty much putting the Bernie Sanders/Zohran Mamdani policies into action (much to the approval of the “Trump can do no wrong crowd), WHY aren’t the left wing socialists of the Democrat base actually SUPPORTING Trump !? If the MAGA cult sees something like that then perhaps they will recognize the stupidity of Trump‘s action
Bernie once wrote of a "Torrid Romance Between Barack Obama and the Mainstream Media." Now it really is a slobbering love affair between Trump and his base. Trump knows it and, even though he doesn't see himself as authoritarian or dictatorial, is milking it for all the power and self-aggrandizement he can wield. Of course, with the help of a GOP majority afraid to say no on almost anything.
You don't get it, John - we're going to own the libs, by adopting their economic policies and social grievance culture, and then drink their tears.
I saw someone post the other day: "So, the new right is just the old left with locker room language."
Seemed to sum up the situation pretty well.
I see your point John and well made. But this isn't the first time in history that the federal government has been involved in funding companies. I'm thinking Amtrak, GM, and Chrysler, as well as nationalizing railroads and other industries during war. Almost all are temporary. Trumps point of view is in place of subsidies, loans, etc., to take a stake in these companies. If this is a long-term strategy, this policy is dangerous and certainly goes against conservative values. But those values may need adjustment.
The threat of the Chinese government that invests heavily in strategic areas such as rare earth minerals and battery production is real and they control the world market. Some funding, investing, or whatever we want to call it is necessary when it comes to strategic materials as well as AI and chip manufacturing. We are way "WAY" behind the curve, and this must change. Some investments are too large to expect the private market to fund and I believe this would have been a major problem for PM Materials. We can't fail in these three markets, and the future of our country depends upon it.
We've done this in the past, whether right or wrong, but this is a far cry from the type of socialism where Mamdani wants to control the means of production.
I don't agree with the government investing into companies on a whim. But I see the strategic necessity in some industries to compete with China and their doctrine to control the world.
"If this is a long-term strategy, this policy is dangerous and certainly goes against conservative values. But those values may need adjustment." Dangerous indeed. Government involvement typically brings along an increase of bureaucratic tyranny and reduced innovation. And when has government ever done anything but grow beyond what anyone imagined at the beginning. I'm not saying what you suggest is bad, just worth thinking through carefully.
Sir John —- I must ask one thing —- since Trump Is pretty much putting the Bernie Sanders/Zohran Mamdani policies into action (much to the approval of the “Trump can do no wrong crowd), WHY aren’t the left wing socialists of the Democrat base actually SUPPORTING Trump !? If the MAGA cult sees something like that then perhaps they will recognize the stupidity of Trump‘s action
Bernie once wrote of a "Torrid Romance Between Barack Obama and the Mainstream Media." Now it really is a slobbering love affair between Trump and his base. Trump knows it and, even though he doesn't see himself as authoritarian or dictatorial, is milking it for all the power and self-aggrandizement he can wield. Of course, with the help of a GOP majority afraid to say no on almost anything.