The Debt Impulse

Biden wants to spend $44 billion to invest in new semiconductor manufacturing facilities. Intel is first in line with its hand out. We don’t need more government spending. If Intel needs financing – with $28 billion in cash as of last report – then it will have no problem raising money. That’s what markets are for. But government officials suffer no consequences when things go bad, so they are easy marks and Gelsinger knows this.

Both comments and trackbacks are currently closed.