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The federal government is now the largest shareholder of Intel.
President Trump has adopted a 10% share of the American Chipmaker, who criticized old conservatives who generally support him.
Trump insists that it is a lot and that more waiting in the wings are waiting more.
Sorry, how exactly that differs From socialism?
Trump says Intel has agreed to give the United States a 10% share in the company
If socialism takes over the means of production for the well -being of society, this sounds like a concise summary of the socialist movement – as in countries like China and Russia.
If Barack Obama had done this, it would call endless hours of programming as a communist insane.
The former president took over Chrysler and General Motors, but that was a rescue mission to prevent the collapse of the country’s legendary industry.
Intel is just the beginning. “I hope I will have many more cases,” said Trump.
The Federal Government is now thanks to President Trump, who insists that he is just starting. (Chip Somodevilla/Getty Images)
For a long time, the Republicans have argued that the government should stay out of free markets and not to bet on “winners and losers”. But this is Trump’s Republican Party, and this is the new approach – a form of politics that were once described as an industrial policy.
If the financially troubled company sells its manufacturing business, Intel’s US share would grow to 15%.
Larry Kudlow, a top business consultant in Trump’s first term, said in his Fox Business show: “I am very, very uncomfortable with this idea. I am very uncomfortable with this.”
Steve Moore, an informal economic advisor from Trump, also broke with him and said Kudlow: “I hate the well -being of the companies. This is privatization in the other way round. We want the government not buying assets. So terrible, one of the bad ideas that comes out White house. “
In an editorial of the national review, it says: “The government should not get into the chip business.”
Senator Thom Tillis is “uncomfortable … I don’t care whether it is a dollar or a billion dollar dollar participation. It feels like a semi-state company a la CCCP”, which means the Soviet Union, he said Major Garrett.
Rand Paul wrote: “Would the government, which has part of Intel, not a step towards socialism? Terrible idea.”
Bernie Sanders, on the other hand, celebrates.
The president’s president: “Why are ‘stupid’ people who are dissatisfied with it? I will also help companies who do such lucrative business with the United States. I love that their share prices rise and make the USA richer and richer.”
He added on Monday: “I have just earned $ 10 billion or $ 11 billion for the United States of America.”
Minister of Commerce Howard Lutnick told Fox News’ Laura Ingraham that Trump’s Intel parade is “not socialism”, but insist that it is good business. (Photo by Win McNamee/Getty Images)
Minister of Commerce Howard Lutnick said to Laura Ingraham: “This is not socialism … This is the best businessman in the United States of America in the Oval Office that does fair things for us.”
In a required SEC registration, Intel warned investors that the agreement to secure their ability to secure future grants, to damage global sales and to subject the company to more regulation.
In a deep journey, the Wall Street Journal News section reported how Trump had asked for past relationships with China. But after Tan flown to the White House, Trump stopped criticism. “I really liked him, I thought he was very good,” said the president in the Oval Office.
Maria Bartiromo warns Trump’s Intel deal to “pull her eyebrows”.
He said Joe Biden’s Bippartisan Chips Act – in a 10% equity.
“Trump will probably find more opportunities to support Intel and does not want it to fail because of his watch,” says the journal.
That is the thing. If the fighting company cuts off well, it is good for America, but if it always drops, it is the downward risk.
Intel Stock has had a jump of 4%since Trump’s announcement. (AP Photo/Richard Drew, File)
The share has increased by 4% since the Trump announcement, but has now been around 50% at around 110 billion US dollars -since 2024.
Intel had previously announced plans to dismiss 15% of his workforce.
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The president argues that the government is not affected by Intel’s business decisions because the government is a member of the Board of Directors.
The reality is when the President of the United States is her greatest shareholder, he can get pretty much what he wants.
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And since Trump promises a lot more such business, he changes the role of the government as a partner with business – whatever you want to describe – just as he has changed so much.
