MAGA Rep. Slams Trump’s Shady Takeover of Businesses
Business
President Donald Trump’s MAGA agenda is increasingly at odds with free market economics, and some key conservatives are beginning to notice.
At least one Republican—Texas Representative Chip Roy—has harpooned the president’s Intel deal, reminding CNBC Thursday that government stakes in private entities defies conservative values. Roy also challenged the Trump administration’s intent to develop a state-owned investment fund known as a sovereign wealth fund.
“I think the problem here is that we built up through the broken system and the swamp, this world in which these corporations depend so heavily on the government, when in fact what they should be doing is producing products and competing in the market,” Roy said.
“What I don’t like is taking up stakes in private entities,” he continued. “And in terms of a sovereign wealth fund, we’ve got...