National Economic Council Director, Kevin Hassett, appears on CNBC to discuss the 10% govt stake in Intel, the status on U.S. trade agreements and other economic matters of interest. WATCH:
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National Economic Council Director, Kevin Hassett, appears on CNBC to discuss the 10% govt stake in Intel, the status on U.S. trade agreements and other economic matters of interest. WATCH:
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Of note, and from my kitchen table where the outgo exceeds the income, regarding “inflation” and “shrinkflation”…both are alive and well in SW suburban Chicago. In the last six weeks, one item I routinely buy in a grocery store, has had two price increases. Another item has had the package size reduced.
Gasoline prices are way high.
Something has got to give, soon, for “the forgotten men and women”.
I’m retired so I’m forced to live within my means! I refound my love affair with pb&j, LOL! Eating out is once a month thingy anymore. I’m finding out a helluva lot more uses for white vinegar / apple cider vinegar! Just found out that an open can of beer attracts a lot of bugs due to the CO2! LOL When out fishing i can wear a helmet with a little Vaseline on it and the skeeters aren’t a bother! I should’ve paid more attention to stuff like that when I was younger! Saved a few pennies here and there! Here all along, when I was young, I though older people were kind “square” LOL! Guess you “live and learn” with the age thing!
Purposely not taught in public schools; the hedge against inflation is starting when young; asset acquisition, avoiding consumerism traps, understanding proper use of leverage, and understanding the difference between an asset and a liability.
Should be common knowledge but the globalist oligarchy works very hard to suppress the knowledge of the fundamentals out of reach to the masses.
Eliminating the seniors who lived through the depression And had the wisdom to share to the next generation. They were the first to go with the clot shot.
I’ve found out that in schools today, they want to teach you what to think, instead of how to think!
Agreed. Had I bought raw acreage each time I traded in an older car for a new one during the 1970s-2000, I would have a better and bigger portfolio.
Stop the illegitimate welfare and USAID and NGO cutouts and millions will stop pulling that D
High gas prices are a litle surprising. Here in central NC we’re bouncing around 10-20 cents less than a year ago this time. All the rest is no surprise at all. I recently switched back to Raisin Bran for the high-fiber content and was rudely surprised that the skinnier-than-ever box with probably 20% less product cost a dollar more than I remember paying 2 years ago. And don’t even get me started on coffee. Etc, etc, etc.
Aggiegirl, it is the same here in Georgia!!! we are being TOLD that inflation is down while experiencing inflation UP! I dont like being gaslit!
In Texas, gas prices are the same … In the grocery store, I haven’t noticed any increases either and I generally purchase the same things … not imported. Could be a Chicago or Illinois problem … Now, I did get a notice that my subscription coffee price was going to go up – don’t know how much. That’s about it …
Serious crop damage in Brazil this month for the coffee plants. Last year’s harvest was below par and this year’s will be below that level.
Brazil’s coffee is a good chunk of the world market…bought a grinder and will store beans now to offset the expected jump in coffee prices in the coming months.
Illinois has an acute problem; with the Governor and the Mayor of Chicago! Pritzker is a multi-billionaire and acts like he’s Boss-Hog running a little southern town with a sideline of collecting immigrants. The Mayor is the worst EVER and that is quite a distinction. Rooting for our POTUS to bring even a little bit of law and order to the Killing Fields of Northern Illinois.
yep. I live in suburbs of Chi-raq
The idiots here are hysterical that mean orange hitler wants to restore law and order across the nation.
Therefore, I hope these idiots all eliminate each other.
It’s a problem in Ohio, too. I watch prices like a hawk. Things I buy on sale up .50 to $1 on coffee, eggs, etc. Gas up again to 3.49. What’s with the natural gas? We had to pay 150 last three months to finish the yearly budget and I don’t think last winter was that remarkable. Frigid for like a week? And now this next year budget is $125 a month, up from $90 last year! Not to mention house and car insurance. I asked State Farm why the 3 month payment is up $35 from last payment and they said car parts are up! What is going on, there’s been no deflation here! How long until energy prices decrease??? We’re choking here.
Could this be another one of Sundance’s special recipes??
We give a bunch of money to pharma companies and we subsidize the ultra-processed food industry and all we get in return is disabled and prematurely dead Citizens.
And those two industries get exactly what their main shareholders want, in return.
Kevin Hassett what a great messenger for the administration. Powell can’t be gone soon enough.
All above my head but getting 10% from a company that was going to get our taxpayer money for free doesn’t sound like a bad deal to me.
A couple points on this –
1. The American people are now hitched to Intel, a conpany that needed to be saved like this.
2. President Trump also ** removed the requirement to manufacture in the US. ** No wonder Intel loves this deal!!
Some Art of the Deal, eh?
Oh, and even though this purchase doesn’t come with voting rights, you can bet this administration will want some say in how Intel is run moving forward.
Big Government is all of sudden a MAGA value.
fascism
You said it, not me.
But a lot of people support this.
What could the Trump administration do that you wouldn’t disagree with?
I’ll bet you didn’t like Trump before you read this article and nothing will ever make you change your mind. Too bad you’ve decided to show your ignorance to the world.
I would guess a precedent of sorts is US bailing out Chrysler in the 1980s.
I remember that was quite the issue of concern at the time.
Some perspective: Chrysler got a bailout of $1+ billion in 1979 but nothing in 2008 when they went bankrupt.
Intel is getting $10 billion and some benefits.
Trump’s Intel Deal Shows How America Can Win by Investing in Itself
Whilst society argues about AI, R vs D, nationalism vs globalism, crime stats, immigration, food quality, 15 minute cities, CBDC, etc, etc, etc, the ONE constant that nearly everybody ignores is the Google/Apple strangulation of us – that is encouraged by all major political parties in all of the western world.
With Google systems now to be running government systems, you are ‘required’ to have a trackable ‘smart’ phone, 3rd party google/apple account, to download Apps from google/apple stores, and to use those apps that benefit government.
The very first thing society must do, is say NO – Don’t agree with Google/Apple conditions and terms of service. And then insist that government provide their services to people who do not have Google/Apple accounts – which means you do not have the Apps that governments ‘require’.
It’s sad to say, that anybody who does have Google/Apple account IS part of the problem we all face – no matter what their justification, no matter what other good actions they take.
Having a Google/Apple account IS willingly opening the gates and inviting the trojan horse in.
Where are you getting you information from Rocket. I just checked in to VA.gov/my healthy vet from my computer. It didn’t require a smart phone or the use of those apps.
Kevin O’Leary aka Mr. Wonderful
@kevinolearytv
The U.S. government just announced it’s taking a stake in Intel, and let me be clear: I abhor this idea. America has thrived for over 200 years because the government stayed in its lane while the private sector attracted global capital and rewarded innovation. We let bad companies fail. That’s capitalism.
Video linked…
Hassert didn’t mention the news about McDonald’s which is having financial issues especially since the tariffs on beef. President Trump announced that the federal government would be taking a 20% interest in McDonald’s with a $50 billion investment from the Treasury in return for stock in the company. In addition the company agreed to a name change from McDonald’s to “Donald’s!”
good one!