Friday, October 10, 2025

Republican Socialism: Feds Take Stake in Another Company

Not even shutting down the government can stop Republicans from forcing their way into corporate boardrooms these days. The federal government is, at the moment, incapable of completing its most basic and routine task"passing a budget"and yet it is simultaneously expanding its portfolio to include a 10 percent ownership stake in an Alaskan mining company. That company, Trilogy Metals, will receive a $35.6 million "investment," the Trump administration announced on Monday. In return, the federal government will own 10 percent of the company (and will have the option to buy another 7.5 percent at some later date). The deal seems to follow the same blueprint that the Trump administration has used to seize stakes in U.S. Steel, Intel, and others: Trilogy does something that the White House has decided is essential for national security"in this case, mining for cobalt, copper, and other critical metals"and therefore the government must have a stake in the company's future.

Comments

... The deal seems to follow the same blueprint that the Trump administration has used to seize stakes in U.S. Steel, Intel, and others ...

Government ownership of industry.

#1 | Posted by LampLighter at 2025-10-10 10:22 AM

I'm good with this.

I'm surprised MAGA is though.

#2 | Posted by Sycophant at 2025-10-10 01:04 PM

Drudge Retort Headlines

'ICE Goes Masked for a Single Reason' (303 comments)

What Will Gaza Peace Plan Look Like (119 comments)

ChatGPT: What If Billionaires Paid Average Tax Rates? (76 comments)

Nobel Peace Prize for Maria Corina Machado (68 comments)

Norway Braces for Trump's Reaction to a Nobel Snub (28 comments)

New York Attorney General Indicted for Bank Fraud (24 comments)

Poll: Most Americans Want the Epstein Files Released (23 comments)

Pastor Shot in the Head by ICE Sues Team Trump (15 comments)

Tom Homan's Alleged $50,000 Bribe, Can He Keep It? (15 comments)

Trump Brags: 'We Took the Freedom of Speech Away' (10 comments)