What a perfect tool for Don to add to his arsenal of family wealth creation. His crypto corruption is going swimmingly, hundreds of millions and counting, Julius may want to bone up on that. His taco tariffs are an excellent shakedown tool both foreign and domestic. Cash, 747's, golf courses, Don is raking in more than he did as a game show host, the source of most of his prior wealth. And of course he maintains his standby grift, bilking his own followers with gold sneakers, bibles, perfume, and the dozens of other "products" he scams em with.
And Julius wants to give this flim flam man another way to sell America out for personal gain? Welcome to the "new" right agenda, what could possibly go wrong... Good luck America.
Another scam to make bankers richer. The financial services industry is the only one which is purely parasitic. It creates nothing, but winds up with the money.
I am not totally opposed to the idea, but have a question: Who would make the investment decisions, and who would provide oversight? And another question: Should this government be in the business of choosing “winners and losers?” Recall Solyndra? That cost taxpayers 528 million dollars. Finally, ask yourself if you trust this current administration (or the last one) to invest wisely and with integrity. I don’t.
One of the preconditions for having a sovereign wealth fund is having "wealth". At $30T in debt, our balance sheet is not negative, but paying down the credit card would make a lot more sense than creating a govt run slush fund for investments. We all know what sorts of "investments" the Left would engage in, and I don't have that much more confidence in the Right.
Sad isn't it George. Don literally rolls out the red carpet to a war criminal who's kidnapping children and murdering civilians as we speak. Then he humiliates himself, and our great nation, by "consulting" Vlad about mail in ballots. After all, who knows more about election integrity? Knowing an easy mark when he sees one, Vlad responds by endorsing Don's election lies and assuring him he wouldn't have invaded if Don had been prez. Listen to the tape of Don's bumbling, incoherent babble with Vlad, then ask yourself if you want him doling out another pot of our money for his personal gain, and what his aging, addled brain will be like at 82.
You're fixated on a red carpet while ignoring Trump's efforts to bring peace to Ukraine and stop this war. Reading these TDS reactions to the article is an instructive experience. By the way, Trump has not financially profited from his presidency. He donates his entire after-tax salary to various groups and, I believe, suffered a $ billion drop in net worth during his first term.
Not sure about 'liking' him but a majority respect and approve of him and his performance and efforts. If you left your TDS bubble for a moment, you might be aware of that.
I hope that President Trump's all-out fight for peace will begin to open the minds of some of the haters. I was impressed that Jake Tapper ended his CNN interview with Steve Witkoff a few days ago by saying, "I think everyone here is praying for peace and hoping this works."
Gosh, so I guess you didn’t comprehend this point the author made? If you did please offer a detailed rebuttal instead of the ideological nonsense you espoused.
“As I wrote in the Techno-Industrial Policy Playbook, private sector investment hurdle rates (the minimum returns sought in an investment) are often well in excess of both firms’ cost of capital and the expected returns in capital-intensive strategic sectors—particularly those sectors subsidized by other countries’ industrial policies. Government interventions are therefore necessary to ‘crowd in’ private capital, either through providing extra leverage for private investments or de-risking projects to make lower returns attractive to investors.
This challenge is especially acute for hard-tech startups navigating the ‘valley of death,’ the period between proving a technology and scaling up production.”
So, in other words, socialism for businesses that can’t get over the hump, right? One might also call it welfare for businesses. Or even Basic Income for Businesses. Food stamps for businesses. Medicaid for businesses. They all work for me.
I can’t do anything for you if you’re going to be this dense. We have seen the consequences of leaving it to the markets - decimated domestic industries. But hey, we’ll always have those ever important paper pusher white collar jobs that by the way are a direct result of policy choices this country has made even though you all love to claim it is markets in action. Give me a break.
It shouldn't be approached as an investment in that it is done expecting future returns, but also shouldn't amount to handing out free money. The federal government (executive branch, or new distinct planning branch) should be sole owner of companies it funds, should be heavily involved in company operations, should be 100% transparent and auditable. Profitability should not determine whether or not an effort is pursued. Investment should be interntional, and should have clear long-term goals. Transport and distrubtion infrastructure may not be profitable, yet the country must be better connected. The MIC eschews production of small arms munitions due to low profit margin, yet there is urgent/high demand, and production should be scalable to meet that demand. Critical mineral refining/production is also a low profit margin operation, yet it needs to be done. Profit shouldn't be the primary concern; utility, necessity, and increased overall domestic productivity should be the main objectives. If operations yield profit, that profit is all ours, not private owners'.
Wait, you’re proposing a fund to allow the US to invest in promising technologies and businesses? Isn’t that what all the grants we’ve just cut were already doing? We’ve never NOT had a sovereign wealth fund, it just wasn’t one fund. What Trump wants is a fund that HE controls. We have been investing, very effectively, in research for decades, but he doesn’t control that, so it’s gotta go. This is all very stupid.
All of the above. The Fed can also be reformed to discount commercial paper at the various branches, through regional credit banks. The traditional credit support is then broadened out from the big names to local industries, providing needed support for overall expansion, and rejuvenating sme towns. OSC can focus on rebuilding and diversifying defense contractors. SWF can focus on the big capital investments to revive entire industries that will drive regional productive ecosystems including sme banks. Keep pushing, relentlessly, this has to happen.
What a perfect tool for Don to add to his arsenal of family wealth creation. His crypto corruption is going swimmingly, hundreds of millions and counting, Julius may want to bone up on that. His taco tariffs are an excellent shakedown tool both foreign and domestic. Cash, 747's, golf courses, Don is raking in more than he did as a game show host, the source of most of his prior wealth. And of course he maintains his standby grift, bilking his own followers with gold sneakers, bibles, perfume, and the dozens of other "products" he scams em with.
And Julius wants to give this flim flam man another way to sell America out for personal gain? Welcome to the "new" right agenda, what could possibly go wrong... Good luck America.
Another scam to make bankers richer. The financial services industry is the only one which is purely parasitic. It creates nothing, but winds up with the money.
I am not totally opposed to the idea, but have a question: Who would make the investment decisions, and who would provide oversight? And another question: Should this government be in the business of choosing “winners and losers?” Recall Solyndra? That cost taxpayers 528 million dollars. Finally, ask yourself if you trust this current administration (or the last one) to invest wisely and with integrity. I don’t.
"Who would make the investment decisions, and who would provide oversight?"
'Committees', of course. And God only knows how much money would be skimmed off.
One of the preconditions for having a sovereign wealth fund is having "wealth". At $30T in debt, our balance sheet is not negative, but paying down the credit card would make a lot more sense than creating a govt run slush fund for investments. We all know what sorts of "investments" the Left would engage in, and I don't have that much more confidence in the Right.
I am very relieved to see that Julius Krein seems to have left his contempt or even hatred for our President behind him.
Nobody actually likes Trump.
But Putin owns him.
Sad isn't it George. Don literally rolls out the red carpet to a war criminal who's kidnapping children and murdering civilians as we speak. Then he humiliates himself, and our great nation, by "consulting" Vlad about mail in ballots. After all, who knows more about election integrity? Knowing an easy mark when he sees one, Vlad responds by endorsing Don's election lies and assuring him he wouldn't have invaded if Don had been prez. Listen to the tape of Don's bumbling, incoherent babble with Vlad, then ask yourself if you want him doling out another pot of our money for his personal gain, and what his aging, addled brain will be like at 82.
You're fixated on a red carpet while ignoring Trump's efforts to bring peace to Ukraine and stop this war. Reading these TDS reactions to the article is an instructive experience. By the way, Trump has not financially profited from his presidency. He donates his entire after-tax salary to various groups and, I believe, suffered a $ billion drop in net worth during his first term.
That's really silly.
Did you write that on a Cyrillic keyboard?
I am overwhelmed by your incisive comments. You're still stuck in the Russia Collusion Hoax era it appears.
Not sure about 'liking' him but a majority respect and approve of him and his performance and efforts. If you left your TDS bubble for a moment, you might be aware of that.
I hope that President Trump's all-out fight for peace will begin to open the minds of some of the haters. I was impressed that Jake Tapper ended his CNN interview with Steve Witkoff a few days ago by saying, "I think everyone here is praying for peace and hoping this works."
He should stay out of it.
Just help them defend themselves and butt out.
Sounds a lot like socialism for business. What happened to conservatives espousing free markets?
Ad hominem attacks are a sign of a poor intellect.
Gosh, so I guess you didn’t comprehend this point the author made? If you did please offer a detailed rebuttal instead of the ideological nonsense you espoused.
“As I wrote in the Techno-Industrial Policy Playbook, private sector investment hurdle rates (the minimum returns sought in an investment) are often well in excess of both firms’ cost of capital and the expected returns in capital-intensive strategic sectors—particularly those sectors subsidized by other countries’ industrial policies. Government interventions are therefore necessary to ‘crowd in’ private capital, either through providing extra leverage for private investments or de-risking projects to make lower returns attractive to investors.
This challenge is especially acute for hard-tech startups navigating the ‘valley of death,’ the period between proving a technology and scaling up production.”
So, in other words, socialism for businesses that can’t get over the hump, right? One might also call it welfare for businesses. Or even Basic Income for Businesses. Food stamps for businesses. Medicaid for businesses. They all work for me.
I can’t do anything for you if you’re going to be this dense. We have seen the consequences of leaving it to the markets - decimated domestic industries. But hey, we’ll always have those ever important paper pusher white collar jobs that by the way are a direct result of policy choices this country has made even though you all love to claim it is markets in action. Give me a break.
It shouldn't be approached as an investment in that it is done expecting future returns, but also shouldn't amount to handing out free money. The federal government (executive branch, or new distinct planning branch) should be sole owner of companies it funds, should be heavily involved in company operations, should be 100% transparent and auditable. Profitability should not determine whether or not an effort is pursued. Investment should be interntional, and should have clear long-term goals. Transport and distrubtion infrastructure may not be profitable, yet the country must be better connected. The MIC eschews production of small arms munitions due to low profit margin, yet there is urgent/high demand, and production should be scalable to meet that demand. Critical mineral refining/production is also a low profit margin operation, yet it needs to be done. Profit shouldn't be the primary concern; utility, necessity, and increased overall domestic productivity should be the main objectives. If operations yield profit, that profit is all ours, not private owners'.
Wait, you’re proposing a fund to allow the US to invest in promising technologies and businesses? Isn’t that what all the grants we’ve just cut were already doing? We’ve never NOT had a sovereign wealth fund, it just wasn’t one fund. What Trump wants is a fund that HE controls. We have been investing, very effectively, in research for decades, but he doesn’t control that, so it’s gotta go. This is all very stupid.
Two-thirds of Americans oppose giving Putin any Ukrainian land — poll
Wealth Fund?
How about affordable groceries?
Got them golden sneakers?
The Trump bible?
EFTs?
Lies?
Perversions?
All of the above. The Fed can also be reformed to discount commercial paper at the various branches, through regional credit banks. The traditional credit support is then broadened out from the big names to local industries, providing needed support for overall expansion, and rejuvenating sme towns. OSC can focus on rebuilding and diversifying defense contractors. SWF can focus on the big capital investments to revive entire industries that will drive regional productive ecosystems including sme banks. Keep pushing, relentlessly, this has to happen.
Solylndra was chump change. It failed because China invested BILLIONS while we stopped at millions.
Our great engineering and manufacturing companies are treated like milk cows by Wall Street. We need fewer JP Morgans and more George Westinghouses.
A sovereign wealth fund that pursues knowledge as power over money as power would revolutionize this country.
No more descendants of Chainsaw Al of GE fame running Boeing!