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Posted on 08/25/2025 6:33:00 PM PDT by SeekAndFind
Fox Business’s Larry Kudlow expressed concern on Friday over the Trump administration’s move to take a 10 percent stake in mega chipmaker Intel.
“I am very, very uncomfortable with that idea. I’m very uncomfortable with that one, but that’s a conversation for another meal on another day,” Kudlow told economist Stephen Moore, in an interview highlighted by Mediate.
Moore himself, a Trump economic adviser, earlier in the appearance, also criticized the administration’s decision, calling it “terrible.”
“I hate corporate welfare. That’s privatization in reverse. We want the government to divest of assets, not buy assets. So terrible, one of the bad ideas that’s come out of this White House,” Moore told Kudlow, who served under President Trump as the director of the National Economic Council during his first term.
Trump on Friday announced that the U.S. government now owns 10 percent of Intel shares.
“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!” he wrote on social media.
(Excerpt) Read more at thehill.com ...
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Kudblow would have been against us making tanks in the Detroit factories in WWII.
I hope Trump pays attention to what Larry is saying about that proposed Intel purchase.
Intel
Ownership:
The 10 largest shareholders of Intel as of December 2023 were:[241]
The Vanguard Group (9.12% of shares)
BlackRock (8.04%)
State Street (4.45%)
Capital International (2.29%)
Geode Capital Management (2.01%)
Primecap (1.78%)
Capital Research Global Investors (1.63%)
Morgan Stanley (1.18%)
Norges Bank (1.14%)
Northern Trust (1.05%)
Biden did it differently. He gave them a boatload of money...no charge...except to you and me.
Kudblow would have been against us making tanks in the Detroit factories in WWII.
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You’re full of $hit.
Communist move by Trump. When Obama did the same thing, the right screamed bloody murder. The gov has no business buying stakes in companies. Ridiculous.
Any downside buying Intel tomorrow?
No... we did not own those WWII factories. Those were GM, Ford, etc. We didn’t even pay to build the factories. We just bought the tanks and planes they turned out.
It's not strange at all -- we always knew that Bernie believed in public ownership of the means of production. The only surprising thing was to find out that Trump did too.
So what was Kublow’s position on government motors, during the Obola regime?
So what government appointee gets to sit on the board?
There is a form of government where they don’t own the companies, but they pick winners and losers.
It gained popularity in Europe in the late 20s. 1920s.
Government has no business running businesses.
Do you want to own a company that is owned by the government?
An environment of total war vs. a company that has been lagging behind their competitors for years?
Yeah, those are the same thing.
True.
Right.
I get Trump’s logic here. I just completely disagree with it.
Don't offshore national security stuff.
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