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Posted on 08/23/2025 10:31:31 AM PDT by RandFan
“It is my Great Honor to report that the United States of America now fully owns and controls 10% of INTEL, a Great American Company that has an even more incredible future. I negotiated this Deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company,” wrote Trump on Truth Social. “The United States paid nothing for these Shares, and the Shares are now valued at approximately $11 Billion Dollars. This is a great Deal for America and, also, a great Deal for INTEL. Building leading edge Semiconductors and Chips, which is what INTEL does, is fundamental to the future of our Nation. MAKE AMERICA GREAT AGAIN! Thank you for your attention to this matter.”
“Preposterous move. If Obama had done this, so many of the people defending it would have correctly condemned it as overreach and interference and ‘picking winners and losers,'” concurred National Review senior editor Charles C.W. Cooke.
Senator Rand Paul (R-KY) preempted Trump’s announcement by tweeting “If socialism is government owning the means of production, wouldn’t the government owning part of Intel be a step toward socialism? Terrible idea.”
(Excerpt) Read more at mediaite.com ...
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Absolutely. And for a President to do this on his own, without even an Act of Congress, is just outrageous. I hope the courts do their job and shoot this down if/when someone in Congress or elsewhere challenges it.
On X
“Clint Betts
@clintbetts
Replying to
@charlescwcooke
Obama literally did this.
Under his administration, the United States took a 60% stake in GM and Chrysler and then sold it at a $10.7 billion loss to taxpayers.
Bad policy then, bad policy now.
But what Obama did was so much worse”.
First thing they should do is send the thousands of H1Bs packing back to India.
Anything goes as long as the trains run on time, right?
You’re a stickler for that Constitution /s
(I admire it... )
If I had to make a guess without knowing all the details, on the surface I would think Sanders wanted it from a Socialistic perspective.
Trump likely did this from a strictly strategic perspective.
Granted, we can build up the chip industry in this country over time, but in the short term, if we were to go to war tomorrow, given how chip dependent arms are today, we could not manufacture armaments. Plain and simple.
Currently, once we expend our stockpiles, we will be forced to use less effective and even obsolete weaponry, and in a peer conflict, our foes will not face the same handicap which will be disastrous.
I see this as a bridge, not a future plan.
I do fully understand the resistance against this action by Trump, and for good reasons to be sure, but we are in a serious and most precarious state that most Americans are insensible to.
Everything from the car industry to weapons, we are dependent on microchips. If the car industry cannot manufacture cars due to a chip shortage or embargo, we are going to see economic reverberations throughout the economy.
If we can’t make armaments, we will face ruin.
Hi!
this also raises the question about USA capital markets...
since when can’t they raise an $8.9B investment?
(there’s supposed to be some 100 Trillion $$ in them)
something doesn’t add up, or else our country’s financial status is much weaker than (at least I) realized
My take is Trump is acting as a businessman. Biden and congress gifted tech manufacturers $280B. Trump is asking "What does the government get for this investment"? For decades, we have been doing the same with the pharmaceutical industry, spending, massive amounts on research and getting minimal or no ownership of IP, then the pharma industry bends us over and charges the US more for those same drugs than anywhere else in the world. But government employees like Anthony Fauci end up making millions?
I'm not saying I'm 100% comfortable with this move, but the grift has to stop. If we the tax payers are going to invest huge sums, we need to ensure we get a return on that investment, and it's not just a gift to the rich. Or don't invest, and just make America a better place to manufacture.
“If we can’t make armaments, we will face ruin.”
Thanks.
Excellent statement.
Governments have been propping up what we think capitalism is.......forever.
Every time the economic system blows up...... Government rides to the rescue.
Sometimes they let multiple dominoes fall, but eventually move in before confidence is lost in the entire financial system.
Intel apparently is the only major chipmaker that makes computer chips in the USA
Capitalism hasn’t failed. The capitalist model is staggering under the dead weight of excessive government spending, taxation and debt.
The education system is in a doom loop because of misgovernance by a government quasi-monopoly.
The health insurance market has been smothered by government regulation and cost shifting, very much rooted in a third party payment system rooted in WWII gray market workarounds of government wage and price controls.
Housing costs are inflated by government regulation on several fronts, compounded by 60-plus years of government socialization of the costs of urban sprawl, which has undermined the cities.
Ham fisted government crushes one sector after another — and socialists look at the result, conclude the capitalism has failed, and turn to government to fix the mess. On my cynical days, which is most of them, I think that socialists speaketh with forked tongue and that systemic collapse is their goal, because they think a panicked public will turn to government as the last resort. I.e., Cloward-Piven.
Electing socialists is like hiring Godzilla to handle the rebuilding of Tokyo after he has stomped it flat.
I’m in favor of creating several clones of Rand Paul!!!
—— so there are enough to form a circular firing squad
Yes and you’re on the money regarding the socialism/fascism thing though the lines are blurred. This is something Mussolini would have done in Italy i.e State owning factories
I don’t know about Intel’s finances but they really took their eye off the ball in tech sector with computer chips when you look at Nvidia, etc. Now the world’s most valuable company.
This is picking winners or losers.
Well, first he hit the stock value by attacking the CEO, and then bought in at the bottom. Maybe time for a shareholder suit against the US government for stock manipulation.
Seems like this is the LITERAL definition of fascism. Leftists have been screaming he’s a fascist which has been laughably ignorant, but he finally did something worthy of the literal meaning. I’m not too worried about it from that perspective, but it’s a bad idea, IMO. The more government controls something, the worse it gets.
I disagree with the policy but nowhere near enraged and nowhere near not supporting president Trump.
Yes like Mussolini’s Italy although I hate to make such a comparison before I get it in the neck (It’s not flatterng)
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