The Federal Government becomes the largest shareholder in Intel in the context of the Trump agreement
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The federal government is now the largest shareholder in Intel.
President Trump has taken a 10% stake in the American flea manufacturer, which aroused scathing criticism of the old -fashioned conservatives who generally support him.
Trump insists that it is a lot and that there is more waiting behind the scenes.
Excuse me, how does this differ exactly from socialism?
Trump says that Intel has agreed to give the United States a 10% stake in the company
If socialism takes up the means of production for the greatest good of society, it looks like a succinct summary of the socialist movement – as is done in countries such as China and Russia.
If Barack Obama had done it, there would be endless hours of programming qualifying him as a communist madman.
The former president took over Chrysler and General Motors, but it was a rescue mission to prevent the collapse of the country’s emblematic industry.
Intel is only the beginning. “I hope I will have much more cases like that,” said Trump.
The federal government is now the largest shareholder in Intel, thanks to President Trump – who insists that he is just beginning. (SOMODEVILLA / GETTY Images)
The Republicans have long argued that the government should remain outside the free markets and not to bet on the “winners and losers”. But this is Trump’s republican party, and this is the new approach – a form of what has been nicknamed industrial policy.
If the company in financial difficulty sells its manufacturing activities, the share of the United States of Intel would increase at 15%.
Larry Kudlow, one of the main economic advisers of Trump’s first mandate, said in his Fox commercial broadcast that “I am very, very uncomfortable with this idea. I am very uncomfortable with it”.
Steve Moore, an informal economic adviser from Trump, also broke out with him, saying to Kudlow: “I hate business well-being. It is conversely privatization. We want the government to deposit assets, not assets.
An editorial of the National Review said that “the government should not embark on the flea sector”.
Senator Thom Tillis is “uncomfortable … I don’t care whether it is a dollar or a billion dollars. It is starting to feel like a semi-state company in the CCCP”, which means the Soviet Union, he told Major Garrett.
Rand Paul posted: “Would the government have a part of Intel would not be a step towards socialism? A terrible idea.”
Bernie Sanders, on the other hand, famous.
The president’s replica: “Why are” stupid “people unhappy with this? I will also help companies that conclude such lucrative agreements with the United States. … I love to see their prices increase, make the United States richer and richer.
He added Monday: “I just earned $ 10 billion, or $ 11 billion for the United States of America.”
Commerce secretary Howard Lunick told Laura Ingraham de Fox News that Trump’s intel decision was “not socialism”, insisting rather that it is a good deal. (Photo of Win McNamee / Getty Images)
Commerce secretary, Howard Lunick, told Laura Ingraham: “He is not socialism … He is the best businessman in the United States of America in the oval office that does fair things for us.”
Intel, in a required sec deposit, warned investors that the provision could limit its ability to obtain future grants, to harm global sales and to subject the company to more regulations.
In a deep walk, the Wall Street Journal’s news section reported how Trump demanded the resignation of the CEO of Intel Lip-Bu tan during links with China. But after Tan flew to the White House, Trump stopped criticism. “I loved him very much, I thought he was very good,” said the president in the oval office.
Maria Bartiromo warns that Trump’s intel agreement “ lifting her eyebrows ”
He said that he would convert nearly $ 9 billion in grants – assigned to the company under the Bipartisan Puaces de Joe Biden – a 10%stake.
“Trump will probably have to find more ways to support Intel, not wanting to fail on his watch,” said the newspaper.
It’s the thing. If the company in difficulty is doing well, it’s good for America, but if it continues to drop, it is the risk of decline.
Intel Stock has increased 4% since Trump’s announcement. (AP photo / Richard Drew, file)
The action broke out 4% since Trump’s announcement, but it is now estimated at around $ 110 billion – down 50% since the start of 2024.
Intel had previously announced its intention to dismiss 15% of its workforce.
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The President argues that because the government is a non -voting member of the Board of Directors, he will not interfere with Intel’s commercial decisions.
The reality is that the President of the United States is your largest shareholder, he can almost get what he wants.
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And with Trump promising much more of these offers, he fundamentally changes the role of government as a partner in business – whatever you want to label him – just as he has transformed so many.
