Each letter of intent is conditioned on the government taking an equity stake. Federal ownership of private companies has become routine, and it is happening on the right even as members busily point fingers at the left for its socialism. A government equity stake does exactly that. Jared Polis, a Democrat, sees the implication of the government stake ownership more clearly than most Republicans do. Finally, you can spare me the national-security argument about needing the domestic chip capacity, steel and rare-earth materials that these companies provide.