Trump Imitates Chinese Communist Party

[Mack The Finger]

Until recently, the idea of the US nationalizing any business was a non starter. Nationalizing industry has always been looked on with disdain, and only the most wild eyed extreme fringe socialists would even consider something so foreign to our tried and true free market system.

No, the U.S. Postal Service (USPS) is not privately owned. It is a government-owned agency, more specifically, an independent agency of the U.S. federal government. While it operates like a business, funding itself through sales of its services rather than taxpayer money, it remains under the control of Congress.

 

[BULLDOG]

No, the U.S. Postal Service (USPS) is not privately owned. It is a government-owned agency, more specifically, an independent agency of the U.S. federal government. While it operates like a business, funding itself through sales of its services rather than taxpayer money, it remains under the control of Congress.

Yes. The US Postal Service has always been a government agency. Your point?

 

[Mack The Finger]

Yes. The US Postal Service has always been a government agency. Your point?

What's your point ?

The USPS is a for profit entity !

Isn't that nationalized ?

 

[BULLDOG]

What's your point ?

The USPS is a for profit entity !

Isn't that nationalize ?

The USPS has never been a private business. It doesn't qualify as a private business taken over by the government.

 

[Mack The Finger]

It doesn't qualify as a private business taken over by the government.

What private business is the GOV taking over ?

 

[berg80]

Intel shares rose about 6% on Friday after Bloomberg reported that the Trump administration is poised to announce that the U.S. government will take an equity stake in the struggling chipmaker.

Following the report, President Donald Trump said the government should get about 10% of the company, which has a market cap of just over $100 billion.

“They’ve agreed to do it and I think it’s a great deal for them,” Trump told reporters Friday at the White House

White House official told CNBC that there will be “ongoing discussions” with Intel, adding that nothing has been decided yet and that Intel CEO Lip-Bu Tan hasn’t explicitly agreed to a deal. President Trump and Tan will be meeting later this afternoon.

U.S. government takes 10% stake in Intel, as Trump expands control over private sector

Commerce Secretary Howard Lutnick said that the U.S. government has taken a 10% stake in chipmaker Intel.

www.cnbc.com

The melding of the state and corporations is a feature of autocracies.

 

[Mac1958]

Trump is in no way a free-marketeer.

It appears that the Trumpsters would be just fine with this.

Gosh. What a shock.

 

[Sherlock Holmes]

Evidently some here know little about history. In both WW-1 and WW-2 the US government held sway on how businesses conducted business.

Right so trump's readying for WW3, gotcha.

 

[struth]

Until recently, the idea of the US nationalizing any business was a non starter. Nationalizing industry has always been looked on with disdain, and only the most wild eyed extreme fringe socialists would even consider something so foreign to our tried and true free market system. All that was true until Trump’s meeting with Intel CEO Lip-Bu Tan at the White House earlier this week where they discussed the real possibility of the US buying a stake in Intel. Not a grant or a temporary loan, or a bailout as we have done in the past, but an actual ongoing ownership position where the US would have control of the company’s day to day operations, personnel, and every other aspect that ownership allows. I’m curious to see if today’s maga jumps on board and supports trump’s efforts, or if they will maintain their long term stance in support of the free market. This doesn’t seem to be just a throw away discussion. Trump said it was a good meeting, and they would have further talks on the subject.

Trump admin weighs taking stake in Intel, US report says

The plan stems from a meeting between CEO Lip-Bu Tan and Trump, who had demanded he resign over his Chinese investments.

www.scmp.com

do you know what nationalizing industry means?

Because your link isn't it.

 

[Cellblock2429]

It appears that the Trumpsters would be just fine with this.

Gosh. What a shock.

/——/ More hyperbole from democcRATs running on empty.

 

[Delldude]

The melding of the state and corporations is a feature of autocracies.

This is happening from the Chip act your boy Biden signed into law.

 

[TheGreatSatan]

/——/ Obozo took control of GM and there is this Can the Government Nationalize a Business?

Democrats want government grocery stores

Democrats = communist

 

[TheGreatSatan]

In California, the secret is that if your company doesn't donate to democrats they are put on a list and have a much harder time passing inspections while companies that donate to democrats get passed almost automatically.

 

[healthmyths]

Sen. Rand Paul (Ky.), a libertarian-minded Republican, criticized the Trump administration’s push to acquire a stake in U.S. chipmaker Intel, suggesting the move would be a “step toward socialism.”

https://thehill.com/homenews/senate/5462706-rand-paul-intel-socialism/#:~:text=by%20Sarah%20Fortinsky%20%2D%2008/20,told%20CNBC's%20%E2%80%9CSquawk%20Box.%E2%80%9D

Just curious what the full ownership by USA government of the following is not also "steps toward socialism"?
Examples of Government-Owned or Sponsored Entities:

• Amtrak: A quasi-public corporation that provides passenger rail service.
  
  
• U.S. Postal Service: An independent establishment of the executive branch of the U.S. government.
  
  
• Federal Prison Industries (UNICOR): A government corporation that provides goods and services to federal agencies.
  
  
• Commodity Credit Corporation (CCC): A government corporation that supports U.S. agriculture.
  
  
• Federal Deposit Insurance Corporation (FDIC): A government agency that insures deposits in U.S. banks.
  
  
• Fannie Mae (Federal National Mortgage Association): A government-sponsored enterprise that buys mortgages from lenders and packages them into securities.
  
  
• Freddie Mac (Federal Home Loan Mortgage Corporation): Another GSE that functions similarly to Fannie Mae in the mortgage market.
  
  
• Ginnie Mae (Government National Mortgage Association): A government-owned corporation within the Department of Housing and Urban Development that guarantees mortgage-backed securities.
  
  
• Tennessee Valley Authority (TVA): A federally owned corporation that provides electricity and other services in the Tennessee Valley.

 

[JanetTheGreat]

The US government shouldn't be owning anything in the economy like this. That is Socialism. I don't care who does it, it is Socialism.

 

[martybegan]

It's more like a bailout as we saw with the banks in 2008, except this time there are national security interests in seeing a major American chip manufacturer not go belly up.

And they own shares of the company, they don't have a controlling interest in it.

 

[Votto]

Sen. Rand Paul (Ky.), a libertarian-minded Republican, criticized the Trump administration’s push to acquire a stake in U.S. chipmaker Intel, suggesting the move would be a “step toward socialism.”

https://thehill.com/homenews/senate/5462706-rand-paul-intel-socialism/#:~:text=by%20Sarah%20Fortinsky%20%2D%2008/20,told%20CNBC's%20%E2%80%9CSquawk%20Box.%E2%80%9D

Just curious what the full ownership by USA government of the following is not also "steps toward socialism"?
Examples of Government-Owned or Sponsored Entities:

• Amtrak: A quasi-public corporation that provides passenger rail service.
  
  
• U.S. Postal Service: An independent establishment of the executive branch of the U.S. government.
  
  
• Federal Prison Industries (UNICOR): A government corporation that provides goods and services to federal agencies.
  
  
• Commodity Credit Corporation (CCC): A government corporation that supports U.S. agriculture.
  
  
• Federal Deposit Insurance Corporation (FDIC): A government agency that insures deposits in U.S. banks.
  
  
• Fannie Mae (Federal National Mortgage Association): A government-sponsored enterprise that buys mortgages from lenders and packages them into securities.
  
  
• Freddie Mac (Federal Home Loan Mortgage Corporation): Another GSE that functions similarly to Fannie Mae in the mortgage market.
  
  
• Ginnie Mae (Government National Mortgage Association): A government-owned corporation within the Department of Housing and Urban Development that guarantees mortgage-backed securities.
  
  
• Tennessee Valley Authority (TVA): A federally owned corporation that provides electricity and other services in the Tennessee Valley.

You forgot to add all of Legacy media to your list.

 

[whitehall]

Nobody complains about creeping socialism until a republican administration. Where were y'all when Biden/Fauci took over the economy during Covid? Is there such a thing as socialism for your own good?

 

[Mac1958]

No, not socialism.

 

[kyzr]

It's more like a bailout as we saw with the banks in 2008, except this time there are national security interests in seeing a major American chip manufacturer not go belly up. And they own shares of the company, they don't have a controlling interest in it.

So if Intel goes belly-up AMD wins.
I'm against all subsidies, but if a subsidy is given for national interest, I support getting stock shares instead of a "grant".

Which U.S. Companies Receive the Most Government Subsidies?

Government subsidies are nearing tens of billions for some companies. Here’s the ones which got the most taxpayer support.

www.visualcapitalist.com