Bernie Sanders loves Trump’s plan to take over the government in technology companies

There are not many things that Bernie Sanders and Donald Trump agree. But we may have found one idea about the place where the two men see face.

Sanders, an independent Senate member of Vermont, which includes historians with Democrats, told Reuters on Wednesday that he supports the Trump administration plan to convert federal grants to technology companies such as Intel and TSMC to shares of stocks in those companies.

“If the micro -chips companies make a profit from the generous grants they receive from the federal government, American taxpayers have a right to a reasonable return to this investment,” Sanders said, Sanders said. Reuters.

The United States Government hopes to obtain a 10 % share of shares in Intel in exchange for federal scholarship Tuesday On CNBC. The news broke out about the idea last week, but the appearance of Lootnick on CNBC was the first time that anyone from the Trump regime started talking about it publicly.

“The chips law was just a gift for rich companies,” Lottennik said on CNBC. “I mean, why the United States of America in the world takes money in the world and gives it to companies like TSMC, which is worth a trillion dollars? I mean, why do we give them money to come to America?”

Royal flyers or rights?

Both Intel and Taiwan, based in Taiwan, have been stimulated by the Law of Chips to Invest in manufacturing in the United States, but it seems that people around the political spectrum have begun to ask whether it was only intelligence to distribute money to huge companies without getting something more important. The news broke out on Tuesday that Trump not only wanted a share in Intel, but also chips such as Micro, TSMC and Samsung.

The idea behind granting to private companies is to stimulate more investment in a specific society and help create job opportunities. But the government that takes a share of royal rights will come in theory with an opinion on how this company works, whether it is through employment decisions or any number of other options. Lutnick insisted on CNBC that the government will not get any Intel governance role alongside its potential share by 10 %, but it is difficult to imagine this will be true. The government received “Golden session“On the American steel deal when the Japan -based Nippon Steel bought the company in June. This allows Trump to appoint a board member in a very unusual arrangement.

Under the Chips Law, TSMC received $ 6.6 billion from grants, while Intel received about $ 7.9 billion, according to CNBC. Intel has slowed its expansion plans, which left billions of dollars of money on the table that has not yet been allocated. As the New York Times newspaper recently maleThe transfer of 10.86 billion dollars from government grants to Intel to property rights will be one of the largest interventions to the private industry, where American car companies have been rescued during the great recession period.

Trump also called for the lip lip lips, CEO of Intel, on his alleged links with China, which the president depicts as a possible concern for national security. But Trump changed his melody publicly after his meeting with Tan Last week. It is not clear at all kind of understanding of the two men.

Wall Street is uncomfortable

It goes without saying that all this possible government absurdity makes Wall Street very tense. Editorial Wall Street Journal On Monday, the details of the Intel deal were mysterious, “but you can bet that the Federal Reserve will not be negative investors.” This leads us to the issue of whether Bernie Sanders will actually love any possible arrangement that Intel gets with Trump.

Sanders may agree to the share of royal rights on paper, but President Trump’s history in the bending institutions for his will seems much different in practice. Trump has strong armed universities and media media for companies and now He has his eyes on museums And the way they present history. The leftists should be careful when they say they support any idea from Trump without clarifying that any support comes with warnings.

If the past six to eight months are any evidence, then the share of the Intel shares comes with many attached tendons.