White House to Continue Taking Company Stakes, Sparking Fascism Concerns
President Trump touted the government’s new investment in Intel, expressing his enthusiasm for similar deals to benefit the U.S. economy. This recent investment, a 10% stake valued at approximately $8.9 billion, is part of a broader strategy to establish a sovereign wealth fund, according to White House economic advisor Kevin Hassett. Trump believes these deals will bring more money and jobs to America, and he signed an executive order to start such a fund. Hassett noted this move isn’t unprecedented, citing previous government involvement in private companies like Fannie Mae and Freddie Mac.
John Q. Hosedrinker