Senator Rand Paul invites Trump a stake in Intel “a step towards socialism”

Senator Rand Paul (R-Ky.) On Wednesday, the Trump administration’s decision was criticized 10 % share In the besieged chips maker IntelDescribing the investment “a step towards socialism”.

Intel Declare Last month, the US government investigated $ 8.9 billion in Intel Common shares, bought 433.3 million shares at a price of $ 20.47 per share, giving it a 10 % stake in the company. Intel noticed that the price of the government was a discount on the current market price.

Rand said government ownership is “a bad idea.”

“It is always a mistake to say,” well, we have this bad policy, so well, we will tolerate a little socialism, but we no longer want anymore. “I think it is a bad idea.”

President Donald Trump In fact, he said last month that the government’s share in the chips maker is “a lot for America, and also, a lot for Intel.”

Trump has increased heavy hand in the private sector, causing anxiety among conservative legislators such as Paul, who have long opposed the large government. In August, the Trump administration said the government would take 15 % of some Nafidia and Advanced small devices Church sales to China. The Pentagon bought a $ 400 million share share in rare MP-Earth materials. It also took a “golden class” in the United States as part of a deal to allow Nippon Steel to buy the American industrial giant.

Among the most vocal supporters in the Intel Trump proposal Senator Bernie SandersSelf -described socialism described by Vermont. Sanders, a long and voice critic of Trump, said, News means Last month, “taxpayers should not provide billions of dollars in corporate care for large and profitable companies such as Intel without getting anything in return.”

But Rand said it was not intelligent to involve the government in the free market.

“I am concerned that the free market movement, the movement, which was a large part of the Republican Party, is diminishing over time,” said Rand.

He watches: Senator Rand Paul on the American government’s share in Intel: It is a step towards socialism