No. of Recommendations: 16
“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,” President Donald Trump wrote yesterday afternoon on social media. He took the stake in the company after calling on August 7 for its chief executive officer, Lip-Bu Tan, to step down. When Tan met with Trump on August 11, the president says, he told Tan the U.S. “should be given 10% of Intel.” Tan agreed. Announcing the deal, Trump referred to Tan as “the Highly Respected Chief Executive Officer of the Company.”
It is wild to see Republicans cheering on a president who publicly threatened a CEO and stated openly that he shook the man down for a major share in his company.
It is even wilder to see Republicans, who since 1980 have held so fervently to the idea of free markets that they have denounced even the most basic regulations as socialism, celebrate the government takeover of a private company.
Not a peep from our resident MAGAs about this. It's been highlighted a couple of times over the past two days, but still.... no word from them.
BAAAAAAAAAAAAAAAAAAAAAAA
