Senator Rand Paul calls Trump’s shares Intel “Step to Socialism”

Senator Rand Paul (R-KY.) On Wednesday criticized the Trump administration’s decision to accept 10% of the stock In the combat manufacturer of chips Intelcalling the investment “step towards socialism”.

Intel announced Last month, the US government made an investment of $ 8.9 billion in conventional Intel shares, purchasing $ 43.3 million at $ 20.47 per share, which gave it 10% of the company’s shares. Intel noted that the price the government paid was a discount to the current market price.

Rand said the government’s property is a “bad idea”.

“This is always a mistake to say,” Well, we have that bad policy, well, we will tolerate a little socialism, but we no longer want, “said Paul on Wednesday,” Squawk Box “CNBC.” I think it’s a bad idea. “

President Donald Trump Last month, the truth said that the government’s proportion is a “big deal for America as well as for Intel.”

Trump took an increasingly difficult hand in the private sector, causing concern among conservative legislators such as gender who had long opposed the great government. In August, Trump’s administration said the government would take 15% Nvidia and Extended micro -device Sales of chips to China. The Pentagon bought $ 400 million in rare mp. He also occupied a “golden share” in the US as part of the transaction to allow Nippon Steel to buy an American industrial giant.

Among the most vocal fans in the Trump’s Congress were Senator Bernie SandersA self -recorded democratic socialist from Vermont. Sanders, a longtime and vocal critic of Trump, said News News Last month, “taxpayers should not provide billions of corporate well -being large, profitable corporations such as Intel without receiving anything in return.”

But Rand said it was not reasonable to include the government into the free market.

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

See: Senator Rand Paul on US Government’s Intel Government: This is a step towards socialism