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Trump is further left than Dems, and that’s cemented by his decision to take in Intel, Nvidia and Nippon Steel, says Bill Maher: ‘This is socialism’
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Attack of the Fanboy
Trump is further left than Dems, and that’s cemented by his decision to take in Intel, Nvidia and Nippon Steel, says Bill Maher: ‘This is socialism’Bill Maher is pointing out a massive shift in how the government handles private business, claiming President Trump is leaning further left than the Democrats by embracing what he calls socialism.
Recommended VideosThe core of this argument involves the federal government taking significant positions in major companies, specifically Intel, Nvidia, and Nippon Steel.
President Trump mentioned in April that the federal stock holdings in Intel managed to generate more than $30 billion over the last several months.
Republicans scream socialism and communism while Trump's government takes a 9.9% stake in Intel, a 15% cut of NVIDIA's China chip sales, and inserts itself into the Nippon Steel boardroom.
He has consistently likened democratic socialism to communism, making his own administration’s actions regarding these corporate stakes even more confusing to observers.