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The federal government is now Intel’s largest shareholder.
President Trump has taken a 10% stake in the American chipmaker, who has criticized stinging with old-line conservatives who usually support them.
Trump insisted that it is a great deal, and is waiting more in the wings.
Forgive me, how is it really different from socialism?
Trump says that Intel has agreed to give America a 10% stake in the company.
If socialism is handling the means of production for the maximum good of the society, it seems like a brief summary of the socialist movement – as is done in countries such as China and Russia.
If Barack Obama had done this, it would be endless the programming that he calls him a communist Lunatic.
The former President handled Chrysler and General Motors, but it was a rescue mission that aims to prevent the decline of the country’s prestigious industry.
Intel is just the beginning. “I hope I have many more cases like it,” said Trump.
The federal government is now Intel’s biggest shareholder, thanks to President Trump – who insists that it is just starting. (Chip Somodeville/Getty Images)
Republican has long argued that the government should stay out of free markets and do not bet on “winners and losers”. But it is Trump’s Republican Party, and it is a new approach – once declared an industrial policy.
If the economically disturbed firm sells its manufacturing business, the American part of Intel will increase by 15%.
Larry Kudlo, a top economic advisor in Trump’s first term, said in his Fox Business Show that “I am very, very uncomfortable with that idea. I am very uncomfortable with that one.”
Trump defends the $ 11b Intel stake, says he will make deals like ‘all day’
Steve Moore, an informal economic advisor for Trump, also told Kudlo, “I hate corporate welfare. This is privatization in reverse. We want the government to divide the property, buy property. So the terrible, one of the bad ideas coming out of the White House.”
A national review editorial said “The government should not enter the chip business.”
Sen Thom Tilis is “uncomfortable … I do not care if it is a dollar or a billion-dollar share. It begins to feel like a semi-state-owned enterprise,” the Soviet Union means, he told Major Garat.
Rand Paul posted: “Will the government not be part of Intel, a step towards socialism? A terrible idea.”
On the other hand, Burney Sanders, celebrating.
The President’s joy: “Why are ‘stupid’ people unhappy with this? I will also help companies that do such attractive deals with the United States. … I loved seeing the increase in their stock prices, which made USA rich, and rich.”
He said on Monday: “I earned just $ 10 billion, or $ 11 billion for the United States.”
Commerce Secretary Howard Lutnik told Fox News’ Laura Ingraham that Trump’s Intel Kadam is “not socialism”, instead it is a good business. (Photo by Win Mechenami/Getty Image)
Commerce Secretary Howard Lutnik told Laura Ingraham: “This is not socialism … It is the best businessman in the United States who is doing fair things for us in the Oval Office.”
Intel, in an essential SEC filing, warned investors that the system can limit the ability to secure future grants, hurt global sales and subdue the company to over regulation.
In a deep drive, The Wall Street Journal News Section explained how Trump demanded the resignation of Intel’s CEO Lip-Bow Tan on China’s previous relationship. But Tan flew to the White House, Trump stopped criticism. “I loved him very much, I thought he was very good,” the President said at the Oval Office.
Maria Bartiromo warns
He said he would convert to about 9 billion dollars grant – which is in 10% equity stake for the company under the biden’s bidal chips act.
“Trump will need to find more ways to support Intel,” says the magazine, it should not be done that he fails on his watch. “
That’s it. If the struggling company does good, it is good for the US, but if it remains decreasing, it is a negative risk.
Intel Stock saw a jump of 4% since Trump’s announcement. (AP Photo/Richard Drew, File)
The stock has increased by 4% since Trump’s announcement, but now its value is around 110 billion dollars – 50% below 2024.
Intel had earlier announced a plan to close 15% of its employees.
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The President argues that because the government is a non-voting member of the board, it will not interfere with Intel’s business decisions.
The reality is that when the President of the United States is your greatest shareholder, he can achieve much what he wants.
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And promising many more such deals with Trump, he is originally changing the role of the government as a partner with business – whatever you want to labeled it – just as he has changed a lot.
