How does a massive $50B blank cheque bailout for very profitable Microchip Companies work?

Simply NO! The microchip industry does not need a blank cheque of over $50 billion at a time when these companies are making billions of dollars in profits, buying back stock and paying their executives exorbitant compensation packages.

A typical example of an industrial policy that benefits only the wealthy and powerful = socialism for the rich and rugged free enterprise capitalism for the poor (Dr. MLKJ).

Watch Senator Bernie Sanders break down the US industrial policy that is socializing all of the risk and privatizes all of the profits = crony capitalism