Republicans/MAGAs love to call Democrats lefties and communists, but they are the ones who are transforming the country into a country where the government controls the industries.
With golden percentages that Trump obtained to help the steel industry, he prevented the company from closing a less productive plant. There is no difference between what Castro, Chavez, Putin, and other communists leaning countries do to keep the same incompetent leaders.
How is it different from Communist China’s control of its industries?
Just when U.S. Steel thought the ink had dried on its new future with Japan’s Nippon Steel, the company ran into a political reality check: President Donald Trump’s administration and its new “golden share” authority.
The golden share—essentially a veto power over certain corporate moves—was a condition for White House approval of Nippon Steel’s $14.1 billion acquisition of U.S. Steel in June. The president used this power to halt a planned plant shutdown in Granite City, Ill., The Wall Street Journal first reported on Friday.