Capitalize profits
Socialize losses
When things are going great, give everything to the rich … when things eventually go badly, let the poor pay for everything. Why would the world want to hurt or take away the rich man’s wealth?
AOC and Bernie Sanders are trying to pass laws to prevent bailout of AI.
We physically cannot bail them out, but it is highly preferable that we not die trying
Bailouts in general right??
The democratic House resolution is basically an opinion letter. It’s no different than when they pass a resolution declaring that Christmas is a special time of year.
Should pass right after the 1% get there’s ensuring no one else can succeed after them
Let’s see, Anthropic is about a trillion, OpenAI is about a trillion, AMD is about a trillion, SpaceX and Meta are two trillion each, Amazon is 3, Microsoft is 4, Google is 4, Nvidia is almost 6… So something on the magnitude of a $20 trillion bailout?
The USA budget is only a quarter of that. The entire federal budget.
This is going to be fucked, isn’t it?
They’d have to incinerate Social Security, defund every school, let infrastructure rot, and hyper-inflate the dollar into worthlessness just to keep Wall Street’s AI bubble afloat… Which is beyond fucked.
Welcome back to life as a peasant.
Welcome back to life as a peasant.
Which is sort of what their glimpses of post-AI jobs in the future they could actually substantiate suggest. It’s all a big heist from the wealth of the people into the pockets of the wealthiest using the smoke and mirrors of a “democratic” government, fueled by the possibility of them no longer having to placate human societies in any way if AI and robotics becomes advanced enough.
Don’t worry, AI will still be around then to do all the thinking for us! It’ll tell us how this was all for the best, and how we should be thankful to our overlords! We’d surely be making the best of a bad situation and not following a plan for this exact thing to happen!
Remember, it will be a mere $10 down and Easy Paymentstm of one trillion a year over 20+ years.
At current 20y US Treasury rates, that wouldn’t even cover the interest, growing the principle by tens of billions.
Maybe they can just Klarna it, there’s no interest right?
lmao, Klarna says that abroad? They’ve been established here in Sweden for like a decade at this point. Fucking leeches, inserting themselves everywhere. No good tech comes out of Sweden.
TBH I have no idea how it works, but they’re always advertising “get it in 4 no-interest payments from Klarna”
I’ve never used it, I already have a credit card I’m attempting to avoid using 😂
Good! Klarna has become a basic payment processor here. It can be difficult to not use them, even when paying directly.
Like when I had to return a bag of my dogs food, they told me to contact klarna. I was baffled because I paid with a card directly. Had no idea klarna was even involved in the process.
They’re well known for exploiting people. Like we have ads for splitting up payments for fucking fast food using klarna. Ugh! And the CEO is just begging to meet Green Mario. Such a massive cockwomble.
AMD is cash positive. They have 2 billion long term debt but hold 13 billion cash (as of June 2026). Where are your numbers coming from? AMD’s market cap isn’t even quite a trillion and market cap is just last sale price multiplied by total shares.
Numbers are from Wikipedia.
It’s certainly likely that not all of these companies will need a bailout. AMD and NVIDIA sell products that are generally useful and established, but it’s hard to say how much of any of these company’s value is tied into AI hysteria or contracts that will fall through when AI customers go belly-up.
Yes, the bailout price is also not the same as valuation. I don’t think it’s outrageous to think that the coming recession will wipe out $20 trillion from the market, though.
*billion
Once again, the American middle class, or what’s left of it, will be the ruling class’s personal piggy bank.
With what? We have nothing left
There is so much worse it could still get.
Has that ever mattered?
Your labor, of course.
Unemployed kek
Dude, it’s 500 BILLION, you’re off by 3 orders of magnitude
Technically I’m off by 1 letter of magnitude though.
Under any other administration I wouldn’t believe such a thing would be a possibility. I can see Trump offering funds in exchange for relabeling products “Super AI”.
Who was in charge ehen banks came begging for money in 2008?
The difference is that the banks are actually necessary for the economy to function. And mitigations were put in place to limit that exposure in the future. Mitigations that have been stripped back again in recent years because of billionaire lobbying.
None of the AI companies are necessary for the economy. And the big players that stepped into the quagmire aren’t over leveraged enough to actually be in danger. Only the AI-only companies are in danger. The mega corps like Meta, Microsoft, Google, etc. would be hurt but would survive just fine.
They’re going to try to frame it as a national defense issue; like automotive companies are. My guess is they’d bail out SpaceX/xAI in exchange for personal enrichment if needed.
It’s actually the wealthy that would suffer if it goes tits up, and if things are actually changed to put the nation on a path to recovery. Think about Europe post ww2 and how fucked their infrastructure and economies were and what it took to rebuild within 3 generations to the point they were actually thriving comparatively. That took coming together and reinvesting in society, nations building. The wealthy don’t want to do that. But that’s what it would take to recover and restart the economy, because there is no flow to the bottom 98% anymore. The wealthy would have to willingly reboot it by going back to putting their fair share back into circulation and earmark it for rebuilding.
And the real difference is also that all of those bailouts were fully paid back with interest.
Bush?
Guess again.
It was Bush’s policies that created the mess, but (😱) it was Obama who allowed i) the bailouts the happen, ii) the actions to go unpunished, and iii) the system to continue.
https://youtu.be/wb9qikdg3M0&t=14m20s (FD Signifier)
I thought Bush signed the TARP law to give bailouts and Obama signed Dodd Frank that cut the amount of the bailout.
I also thought the Obama bailouts were largely if not completely repaid with interest, albeit with interest rates that were close to zero at the time.
Also Dodd-Frank was a good law and gave us the Consumer Financial Protection Bureau. Which until Trump and Doge killed it, was actually putting a small dent in financial crimes and credit card predators.
I don’t know the total amount repaid. AI suggested all but $15B, out of $426B paid out from the treasury. Also other guy said Clinton signed glass-steagall, minor note: he repealed* it.
Obama was far better than Trump and Bush, but I think he dropped the ball on that one, and on Russia’s annexation of Crimea. He was in a strong position to empower the people, but he kinda left the door open for authoritarianism.
Was it the best decision to continue Bush era policy, hang millions of families out to dry, deny accountability, and allow neoliberals to pursue their mythical infinite growth? Just… bygones?
I agree that the ballots should have focused on fixing the inequality and should have fucked the billionaires who caused these problems.
Ukraine was trickier at that time though. They were still uncertain who was going to run Ukraine. Poroshenko was a bit questionable but at least started to defend Ukraine, but had serious problems with corruption too if I recall. Zelenskyy wasn’t in power yet and propping up the wrong guy was risky.
The problem is that the Obama team never seemed to think Trump had a chance and figured Clinton would be able to work on all the problems it was in the middle of. That was the biggest mistake of his presidency IMO. that and allowing McConnell to steal the Supreme Court
glass steagal passed under clinton
You stated 2008, Obama wasn’t sworn in until January of 2009. I’m right, you just need to ask better questions. Also I expected this type of response since it seems like a bothsides was being setup. But please, do elaborate with the dates confused.
They seemed to learn their lesson and changed the strategy in 2020. We saw much faster recovery when we bailed out the people than when we bailed out the businesses.
Also republicans
For better or worse, big banks are and were the backbone of the economy. AI is not and I think agree should not be.
America Intelligence
His pitch was “Super Intelligence”, because that’s way dumber.
Oops that’s right. Thanks for the correction. I’m somewhat relieved I half purged that term from my mind but when you’re right you’re right!
Intel lost 29%, 29!!! FFS it’s incredible!
That was pretty insane yes, but ServiceNow also dropped 30%.
Google dropped about 10% but it was enough to put them back to last years October stock value. No gains this entire year for stock owners at all.
Stocks are feeling dangerous as fuck on report day. I would recommend people to sell before reports in this environment.
Next week we have Apple, Amd and Qualcomm.
Service now should be a penny stock that shit sucks ass
Yup I’m always shocked to see it go up. I can’t see a future for enterprise crap like that, but maybe.
I was forced to use it in an IT job I was in. I fucking hated it.
ServiceNow has also been pushing chatbots hard. Part of the cost of using their platform was mandatory training about how great all the chatbots are and how you should be using them for every aspect of your work.
ya every time we got a big drop graph it’s usually in relative to the lowest 3 months ago and often the graph looks deceiving, but this time it is actually a big drop.
Please let them fucking die
The difference between AI and The Auto Bailouts is the auto bailouts actually required repayment, and was to protect real jobs and real industrial knowledge.
This AI bubble won’t be able to bailed out, it’s not real, it’s not jobs, it’s nothing but fake numbers, there’s no chance they can ever repay anything and the knowledge is already mostly public and can be recreated without wasting billions more to forward the tech.
And if they do bail them out… It means money actually means nothing and Americans should just burn down their government.
I mean they should anyway, but point.
US is already 40Trillion in debt what’s a few more zeros
Given the high bond yield the US now has, this seems like a great idea!
Their IPO’s are already socialising the debt they gathered, right into your stock portfolio/ retirement fund
…and the AmeriKans continue to tell the world how much they despise SOCIALISM. Go pee in the wind.
Profits are privatized, losses are socialized.
Looking closely at it, it is a system that brilliantly combines the disadvantages of capitalism and socialism.
its considered acceptable to kill someone if they’re trying to rob you. in america its considered rude to not use a gun.
I’m not sure how I feel about this. it usually feels disproportionate, but austerity and centralization have a very real death toll, so maybe it’s not.
I can’t see them getting bailed out. That would be political suicide for either party. AI companies aren’t creating jobs, they manufacture nothing (like autos) and they’re not our financial backbone (like banks).
They tech companies themselves likely won’t get a bailout, but don’t rule out the Fed warming up the ol’ money printer. All the borrowing for data centers, where do you think they’re borrowing from. Banks, insurance companies, bond investors and private credit funds. Those first two are the key. If a too-big-to-fail bank or insurance company gets jammed up by their own bad loans to hyperscalers, you best believe they’re going to the Fed, hat in hand, asking for another bowl of that sweet, sweet quantitative easing.
Well crud. I hadn’t seen that angle.
Yeah, my understanding is that once bankers have bet more of other people’s pensions and life-savings than they can cover if they lose the bet, they are in line for a bailout.
In effect, the more catastrophic your bet is, the less personal responsibility you have to take for it.
One of the many hypocrisies and perverse incentives of capitalism.
That’s anything but capitalism. Capitalism says if you fail you die. If that takes other people down, so be it. But bailouts were never supposed to be a thing.
Sounds great! Where do I find a capitalism like that?!
In effect, the more catastrophic your bet is, the less personal responsibility you have to take for it.
“If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.”
Needs to add if you owe the bank $1 Billion, then that’s the governments problem.
And seemingly
“If the bank owes $100 billion, thats the taxpayers problem”
An entire financial industry ruined by bad loans to a single market you say… Wait, I think I’ve seen this one…
Also there could be contagion to the big banks and institutional investors (think pension funds) from the bond sales and the construction loans for the data centers.
cough 2007 cough
What about all the major companies who have scraped their workforce to replace it with AI, so sure that it would pay off. They also can’t afford for AI to go under, so they’ll add to the “please bail us out” for the good of the economy.
Would it still be political suicide if it was bipartisan? They’ll make up a million stupid reasons, unleash their army of bots to promote it, and try the same thing Facebook did in 2016.
We’ll be told that democrats and republicans both support bailouts, but that we have to support democrats because republicans worse. On a dwindling number of policies democrats never fight for.
They already have had trump rumbling that they are key to “national security”. So clearly getting ready to bail them out.
I did indeed catch that rumble! He was clearly fed that line as part of the setup for a bailout.
Political suicide hahahaha
