Former Rep. ) challenged President Donald Trump’s opposition to socialism, pointing to his administration’s growing ownership of private-sector companies.
In an interview with C-Span, she quoted Trump administration officials opposing socialism before arguing that the president’s policies moved toward government ownership. "this president has used tax payer dollars to take stakes in private companies," Cheney wrote.
" Former Rep. S.
com/CcIfYiY3Yz— CSPAN (@cspan) October 27, 2026 Read Also: Trump Says Iran Wants a Deal as 1 Million Barrels of Venezuelan Oil Arrive in Texas Ahead of Midterms: 'It's a Question of When Do I Want to End It' Trump Expands Government Stakes in Companies The Trump administration has acquired direct interests in several publicly traded companies as part of a national security strategy aimed at strengthening domestic supply chains. Those holdings include a 10% stake in Intel Corp.
(NASDAQ:INTC), a 15% interest in MP Materials Corp. (NYSE:MP), and 10% stakes in Lithium Americas Corp.
(NYSE:LAC) and Trilogy Metals Inc. (NYSE:TMQ), each.
S. Steel Corporation as part of its acquisition by Japan’s Nippon Steel Corp.
(OTC:NISTF). S.
government permanent veto power over key decisions, including moving the headquarters from Pittsburgh, shifting production overseas, or closing facilities. S.
government’s Intel investment with OpenAI and Anthropic, adding that he has made many such deals. S.
government a 5% equity stake as part of efforts to strengthen ties with the Trump administration, while CEO Sam Altman held preliminary talks on sharing AI-driven financial gains with the public. Trump has criticized oil companies for profiting excessively from high oil prices and suggested a temporary 10% cap on credit card interest rates, a proposal also supported by Sen.
). " Wolf argued that several of Trump’s policies would trigger outrage among conservatives if a Democratic president proposed similar measures.
Meanwhile, former Rep. Marjorie Taylor Greene accused Trump of trying to bribe voters with his proposed $5,000 payments, arguing the plan contradicts his pledges to curb socialism and reduce the national debt.
35 trillion to the debt.
