Keith’s note: The White House brags about their new Intel equity stake – one that the President openly says they got for “free” – something that’s worth billions. Now they’re looking at doing the same thing in big aerospace. Valuation is linked to income/profit. Therefore government will be incentivized to spend more on aerospace things or accept inflated costs since that drives up income – and thus government’s valuation. What an interesting way to repurpose taxpayer’s money, yes? Also a bad way to keep costs down – or hide cost overruns. And it sure smells like a Ponzi scheme. Just sayin’ See “Kevin Hassett Says US Government’s Equity Stake In Intel Is Like A Down Payment On A Sovereign Wealth Fund” and “Trump administration mulls taking stakes in defense firms including Lockheed Martin“
