Bessent Says Trump Is Right
Treasury Secretary Scott Bessent is standing firm behind President Trump’s 10 percent federal stake in Intel, calling it a game-changing moment for American taxpayers.
Appearing on Fox Business with Maria Bartiromo, Bessent explained:
“Chips are a strategic necessity. During COVID, America discovered dangerous vulnerabilities in our supply chain. President Trump is fixing that—and making sure taxpayers benefit.”
Turning Handouts Into Assets
For years, Washington handed out billions to big corporations with little return for taxpayers. Trump flipped the script. Instead of giving away grants, the Intel deal ensures the American people own a real stake in a company vital to U.S. national security.
Bessent didn’t mince words:
“President Trump is the only modern president creating assets for the American people, not just piling on debt. Intel had taxpayer money already—and Trump asked why taxpayers shouldn’t share in the upside.”
According to Treasury estimates, this bold move generates $11 billion in immediate value—and the upside could be far higher.
Trump’s “America First” Business Strategy
The Intel deal is just the beginning. Trump already struck agreements with Nvidia and AMD, forcing them to return 15 percent of all AI chip sales to China straight back to the U.S. Treasury.
Critics called the Intel stake “government interference.” Trump fired back:
“It’s not a shame—it’s called business.”
What Comes Next?
Bessent hinted that Trump may pursue stakes in other industries vital to American survival—like shipbuilding, defense, and energy. These are sectors China has long sought to dominate, but Trump is determined to rebuild American independence.
He stressed:
“There’s substantial upside for the American taxpayer.”
Why It Matters to You
- National Security: America reduces dependence on China.
- Taxpayer Win: $11 billion in value created immediately.
- Historic Shift: For the first time, taxpayers—not just politicians and corporations—profit from Washington’s deals.
President Trump’s strategy is simple: Put America First, protect taxpayers, and rebuild critical industries.
👉 Do you agree with President Trump that America should take ownership stakes in vital industries? Or should taxpayers continue footing the bill without seeing any returns?
