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I spent a quarter century being lectured by libertarians and republicans about how minimal government oversight of large companies was radical socialism and if you mentioned nationalizing stuff like telecom for the public good they'd have a six week embolism

Aaron Rupar@atrupar.com

CNBC: So we should expect the US government to be taking more equity stakes in businesses around the country? KEVIN HASSETT: It's possible, yeah. That's absolutely right.

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Today's Republicans (and possibly libertarians) discard their "principles" like so many cigarette butts, if there is Profit to be had. Profit and Grievance-Servicing (for those who enjoy seeing brown people tackled and imprisoned...)

We probably should as some Chicago School economists for their response, but no-one has heard from them since we learned their employer followed their investment advice and went bankrupt.

The sweet taste of cognitive dissonance - when your ideology gets in the way of basic human decency. I'm sure it's just a coincidence that their "minimal government oversight" always seems to benefit the wealthy at the expense of the rest.

Maybe he’ll just take over a few sports teams that he could never afford to buy, and in leagues that never wanted him as an owner. He could take the Commanders and change the name back. He could take the Yankees and make sure there was no facial hair. He could take over almost any business.

The MAGA crowd doesn't see this as socialism, they see it as their all-knowing business guru taking over the management of a failing company (and when Intel tanks they'll blame everyone but their guy like they always do)

It's socialism if your side doesn't control government. If your side does then it's getting a "fair return" on the "people's money". Many companies don't pay their fair share in taxes anyway. They've been shaking down the US taxpayer since forever. If only we could have a sensible tax policy.

All right wing claims are lies made in bad faith. I would say we should never take them seriously again, but I know that our corporate owns news outlets will gobble up their lies like Häagen-Dazs every time they hold a press conference.

Possibly the #1 failure of "journalism" is the habit of ascribing good faith to everyone. The right has been playing them for utter fools for decades, due to this witless practice.

To me, the irony here is that the government intervening in Intel's business *could* make sense from a nat/sec viewpoint, e.g. if they took over Intel explicitly with intent to enable domestic fabrication of what can currently be done only by TSMC, but that does not seem to be what's going on.

I’m just mind blown it’s like the republicans under Trump are actual communists in some way and I’m now conservative for thinking that I don’t think the government should have a lot of stakes in companies? What is ideology anymore?

Is this considered a full-blown takeover or is this considered they have shares in the company which is a different matter and I’m saying this because Obama technically had done the same thing with some of the car companies when they were in trouble I but would you call that fascism?

Ever since Edmund Burke defined conservatism, and all of the apologists for it which came afterwards, all of them have defined in various ways of "conservatism is about aristocracy and power" and everything else was merely window-dressing.