Conservatives rage against Trump admin buying Intel "Preposterous move. If Obama had done this".

[Demovictory9]

“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.”

The reaction from the Right was largely negative.
“MAGA thinks that the government forceably taking a stake in a private company is a good thing? Its a precedent that Democrats will use, and I guarantee you, will make America LESS competitive in the long run,” declared National Review contributor Pradheep Shanker. “Its a huge mistake. Frankly, I’d rather Intel goes bankrupt.”


“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.


Surely if former President Joe Biden had ‘invested’ in a major energy concern under the power of, say, a climate emergency, Republicans would have melted down over ‘socialism,'” observed The Washington Examiner‘s David Harsanyi in a column.

https://www.mediaite.com/media/news/terrible-idea-conservatives-rage-over-trumps-socialist-intel-purchase/

[irisblue]

1. WSJ has some thoughts. From bluesky via Kai Rysdall

Corporate statism, to quote the WSJ editorial page

— Kai Ryssdal (@kairyssdal.bsky.social) 2025-08-22T21:18:07.211Z

[Paladin]

2. Hey, conservative whiners: GO FUCK YOURSELVES.

Thank you for your way-too-late attention to the matter of this filthy regime's lawless corruption. And spare us the "What if Biden or Obama had done it" crap, OK? The plain fact is, Biden and Obama DIDN'T do it.Go have a cup of coffee at Cracker Barrel and mull over the consequences of your actions.

[mwb970]

3. These people just suck constantly on trump.

I'm surprised we can hear them speak with him in their mouths all the time.

[RainCaster]

4. Intel wasn't bought, it was a shakedown

When a company gives the government 10% of its stock for free, what does that do to the valuation?

[Karasu]

9. This. It's a merging of powers for mutual profit, which is a hallmark of fascism.

[patphil]

5. Trump is blending fascism and socialism into his own particular brand of authoritarianism.

Very Putinesque of him.

[BadgerMom]

8. I'm certain he's following Putin's "suggestions."

Trump learned from Roy Effin’ Cohn and Putin. He’s a great judge of mentors. /s

[hatrack]

6. Well, the day when Americans cared what the National Review said or thought has come and gone . . . .

And that day was a long time ago.

[Grins]

7. Remember when Obama admin. bought stock in GM and Chrysler?

Hoping to keep it alive…?

The Conservative Reich-wing lost their freaking minds!!!

[DFW]

10. They then shut up nice and quick when Obama returned them to the private sector

A true hard core socialist would have had Obama beheaded for such a move, and yet the extremist right-wing “antikommanists” all lost their voices when it came to praising Obama for such a blatantly capitalist action.

[Torchlight]

11. My guess: State run industries on the DOW by end of 2026 as a new normal

rather than an isolated contigency.

Sure... it's six of one and half a dozen of the other, but just don't say Communism out loud... it ruins their narrative and ruffles the fur of otherwise placid sea-lions.