Lutnick Hints at Taking Stakes in Defense Companies

[RedFishBlueFish]

Of course Lutnick, being a Trump toady, lies continuously just like Trump. So, take this with a grain of salt.

This headline is from Barron's, a few excerpts are provided below. link

Commerce Secretary Howard Lutnick, on Tuesday, opened the door to the U.S. federal government taking stakes in American defense contractors.

“There’s a monstrous discussion about defense,” said Lutnick on CNBC’s Squawk Box, answering a question about taking stakes in defense contractors. “Lockheed Martin makes 97% of their revenue from the U.S. government. They are basically an arm of the U.S. government.” He added that the secretary of Defense is “thinking about it.”

Taking a stake, free or paid, would be relatively unprecedented. The industry isn’t in need of capital or in distress. Those are two circumstances where the U.S. government has purchased equity in companies in the past.

“Why…would the U.S. government take stakes in major contractors when [the contractors] are signaling they have excess capital and using that to buy back their stock?” asked Capital Alpha Partners’ Byron Callan.

Sure, why not take our tax dollars and buy into defense companies. I mean, only 13% of our budget goes to military spending. Only 47% of discretionary spending. We gotta build a space dome don't we? What could go wrong?

 

[Loulit01]

Fascism pure and simple.

 

[The Brad Dad]

We cannot be in an anti war footing while owning the means of production of war. It's just not a possible interaction. There is nothing good that comes from this, only corruption and more war. I don't even understand why rank and file republicans would want this. They have kids too.

 

[TangoNoCash]

Pretty wild Intel just gave the government 10% of its stock for free. So much for the government not picking winners and losers when they have a stake in the business.

 

[MTAtech]

Of course Lutnick, being a Trump toady, lies continuously just like Trump. So, take this with a grain of salt.

This headline is from Barron's, a few excerpts are provided below. link

Commerce Secretary Howard Lutnick, on Tuesday, opened the door to the U.S. federal government taking stakes in American defense contractors.

“There’s a monstrous discussion about defense,” said Lutnick on CNBC’s Squawk Box, answering a question about taking stakes in defense contractors. “Lockheed Martin makes 97% of their revenue from the U.S. government. They are basically an arm of the U.S. government.” He added that the secretary of Defense is “thinking about it.”

Taking a stake, free or paid, would be relatively unprecedented. The industry isn’t in need of capital or in distress. Those are two circumstances where the U.S. government has purchased equity in companies in the past.

“Why…would the U.S. government take stakes in major contractors when [the contractors] are signaling they have excess capital and using that to buy back their stock?” asked Capital Alpha Partners’ Byron Callan.

Sure, why not take our tax dollars and buy into defense companies. I mean, only 13% of our budget goes to military spending. Only 47% of discretionary spending. We gotta build a space dome don't we? What could go wrong?

When Biden was president, the right-wing lost their minds about programs they labeled as “socialism.” Now, their cult leader wants to take equity stakes in entire industries.

 

[MTAtech]

Pretty wild Intel just gave the government 10% of its stock for free. So much for the government not picking winners and losers when they have a stake in the business.

Fortunately, I’m not an Intel stock holder, or I’d be pissed that they diluted my holdings.

 

[MTAtech]

We cannot be in an anti war footing while owning the means of production of war. It's just not a possible interaction. There is nothing good that comes from this, only corruption and more war. I don't even understand why rank and file republicans would want this. They have kids too.

In the Trump Administration, corruption is a feature, not a bug.

 

[RedFishBlueFish]

Pretty wild Intel just gave the government 10% of its stock for free. So much for the government not picking winners and losers when they have a stake in the business.

I don't see how it is that "Intel gave the government 10% of its stock for free". Maybe there's something in the agreement I don't understand.

I read where the government could sell it's shares in a year. If all of a sudden, 10% of the shares are sold, the stock will take a dive.

 

[Roadvirus]

Of course Lutnick, being a Trump toady, lies continuously just like Trump. So, take this with a grain of salt.

This headline is from Barron's, a few excerpts are provided below. link

Commerce Secretary Howard Lutnick, on Tuesday, opened the door to the U.S. federal government taking stakes in American defense contractors.

“There’s a monstrous discussion about defense,” said Lutnick on CNBC’s Squawk Box, answering a question about taking stakes in defense contractors. “Lockheed Martin makes 97% of their revenue from the U.S. government. They are basically an arm of the U.S. government.” He added that the secretary of Defense is “thinking about it.”

Taking a stake, free or paid, would be relatively unprecedented. The industry isn’t in need of capital or in distress. Those are two circumstances where the U.S. government has purchased equity in companies in the past.

“Why…would the U.S. government take stakes in major contractors when [the contractors] are signaling they have excess capital and using that to buy back their stock?” asked Capital Alpha Partners’ Byron Callan.

Sure, why not take our tax dollars and buy into defense companies. I mean, only 13% of our budget goes to military spending. Only 47% of discretionary spending. We gotta build a space dome don't we? What could go wrong?

Moff Nutlick can sit and spin.

 

[Roadvirus]

We cannot be in an anti war footing while owning the means of production of war. It's just not a possible interaction. There is nothing good that comes from this, only corruption and more war. I don't even understand why rank and file republicans would want this. They have kids too.

They probably don't. But do you expect Trump to give a shit if they complained?

 

[The Brad Dad]

They probably don't. But do you expect Trump to give a shit if they complained?

Yes. YES. Maga could end all of this tomorrow if they wanted. It's why I hold the base in specific contempt. They're the reason he gets to do all of this. There is an unmovable 30% of the country that will support him literally despite anything at all. If video was produced of him raping a child while Epstein and Maxwell clapped in the background, they'd insist it was AI. MAGA could end any one or all of Trump's malfeasance tomorrow. But this is who they are.