A few days ago, an announcement came out that the U.S government was showering Intel (INTC) with countless tens of billions of dollars of aid, grants, tax breaks, and other goodies. To me, this was disgusting, because INTC has likewise spent countless tens of billions (hundreds, actually) of dollars buying back their own underperforming stock for years, and now they are using corporate welfare to suck money out of taxpayers. Thus, it’s heartening to see that, even with this grift, INTC is getting shellacked this morning.





