News Pentagon weighing equity stakes in defense contractors like Lockheed, says Commerce Secretary

[nakedfrog]

Gonna be a long 480 years...

 

[marees]

'State-owned enterprise is not the American way' — GOP senators, former Trump associates question White House’s 10% stake in Intel, critics brand move as socialism​

News
By Jowi Morales published yesterday
Conservative politicians do not want the White House meddling with corporate business.


According to The Hill, several conservative senators and even former staffers from the first Trump administration are calling these moves a step towards socialism.


Nevertheless, Trump is keen on pushing forward with deals like this. While Intel is worrying about the possible international backlash of Washington’s 10% stake in the company, Trump is going all-in.

“I PAID ZERO FOR INTEL, IT IS WORTH APPROXIMATELY 11 BILLION DOLLARS. All goes to the USA,” ​

“Why are “stupid” people unhappy with that? I will make deals like that for our Country all day long.”​

Trump said on his social media platform.

'State-owned enterprise is not the American way' — GOP senators, former Trump associates question White House’s 10% stake in Intel, critics brand move as socialism

Conservative politicians do not want the White House meddling with corporate business.

www.tomshardware.com

 

[uallas5]

I think it's rather obvious. Trump and his gang took the whole Nationalist SOCIALIST German Workers Party a bit too literally.

 

[Sonikku]

It isn't a step towards socialism. Government seizing the reigns of production is literally the most extreme form of socialism.

 

[ch33zw1z]

Kleptocracy isn’t socialism.