Nonilex
@Nonilex@masto.ai  ·  activity timestamp last week
#Trump officials discussing ownership stakes in #private #defense firms, Lutnik says
The #commerce secretary said there is a “monstrous discussion” among administration officials about making deals similar to what Trump announced with #Intel this week.

#law#FederalGovernment#Business
https://www.washingtonpost.com/politics/2025/08/26/trump-lutnick-ownership-defense-companies/
Nonilex
@Nonilex@masto.ai replied  ·  activity timestamp 7 days ago

In an interview on CNBC’s “Squawk Box,” host Andrew Ross Sorkin asked Lutnick about the US #government potentially becoming the largest shareholder of #Intel, a #private tech company, & pressed him on where the #Trump admin would draw the line.
“Why shouldn’t the US government say, you know what? We use #Palantir services, we would like a piece of Palantir. We use #Boeing services, we would like a piece of Boeing,” Sorkin asked, citing the private data mining & aerospace companies.

#Business
Timo
@timo21@mastodon.sdf.org replied  ·  activity timestamp 7 days ago
@Nonilex The Trump era has thrown all the 20th century '-isms' out the window. Communism, socialism, capitalism, libertarianism, We have Trumpism in the USA, but it might be billionaire-ism world wide. Regardless, we need new '-isms' with less jargon for names anyway. Names a fourth grader can understand. Techism, billionair-ism, cryptoism? Regardless, how do we protect our human rights when the world is in a period of world rule by billionaire-ism.
Nonilex
@Nonilex@masto.ai replied  ·  activity timestamp 7 days ago

Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants.
“I mean, #LockheedMartin makes 97% of their revenue from the #US #government. They are basically an arm of the US government,” Lutnick said, adding that #Defense Secretary #PeteHegseth & Deputy Defense Secretary Steve Feinberg, among others, were considering the #economics of such an arrangement.

#law#FederalGovernment#Business
Greengordon
@Greengordon@spore.social replied  ·  activity timestamp 7 days ago
@Nonilex

It's hilarious watching the US go actual state socialist or communist. Where are all those pansies with their guns now? Shouldn't they be defending against this government overreach?

"Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants."
#uspol
huntingdon
@huntingdon@mstdn.social replied  ·  activity timestamp 7 days ago
@Nonilex

I don't think "monstrous," as in "monstrous discussion," means what Howard Lutnick thinks it means.

Yes, one of its usages means large or enormous, but that's uncommon when referring to dialogue within govt.

By far, the more prevalent usage means, grotesque, hideous, frightful, which would be a more accurate description of the USG taking - extorting? - equity stakes in arms manufacturers.

But I can see why a guy who works for Trump can get by using only about 100 words.