"I think it's a big mistake to have government ownership of things,"
"And of course it's a step toward socialism."
"Washington, DC's blind commitment to consensus orthodoxy that ignored the realities of the world is exactly why Americans and America were left behind,"
"Look no further than lopsided 'free' trade arrangements that let foreign cheating decimate our industrial base."
President Donald Trump announced a plan for the US government to take roughly a 9.9% stake in Intel by investing $8.9 billion in stock funded largely by grants under the CHIPS and Science Act. The investment departs from traditional GOP free-market orthodoxy and has drawn mixed reactions: some Republicans warn of market distortion and socialism, while some progressives, including Senator Bernie Sanders, offered cautious approval. White House spokesman Kush Desai defended the move as correcting failed America Last policies and blamed prior free-trade arrangements for eroding the industrial base. Some progressives want additional complementary policies alongside the investment.
Read at Business Insider
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