Rick Newman on socialism, Trump-style

Socialist Sen. Bernie Sanders applauded Trump’s plan to nationalize Intel and other chipmakers.  Sanders is the same guy who co-authored the Green New Deal, which would have entailed a government takeover of the transportation and energy sectors for many dubious reasons, including promoting “justice and equity” and “repairing historic oppression” of certain ethnic groups.  Trump’s motivation is obviously different, but at a certain point, socialist central planning and Trump’s attempted hostile takeover of capitalism start to look like the same thing.  Stock buyers beware. 

~ Rick Newman, "This week in Trumponomics: POTUS is on an investment spree," Yahoo!Finance, August 23, 2025

 

David Stockman on Scott Bessent and Trumponomics

Go back to Wall Street, Scott.  You are clueless about economic policy.  Only free markets including in wages and labor, sound money and balanced budgets can actually revive economic prosperity, Trump-O-Nomics is just populist statism that will eventually generate an economic disaster for the long-suffering folks of Flyover America who mistakenly think the Donald is their savior.

~ David Stockman, tweet, August 5, 2025