re: Hassett says WH likely to continue taking stakes in companies

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2) Is this even constitutional as this is purely the White House picking winners and losers in free markets and who is likely to challenge it in the courts?

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My understanding is that much of what is happening is not constitutional, but that emergency powers act allows just about anything.

It is indeed a slippery slope if we are going to suspend the constitution at the whim of the potus. What’s stops a democrat from confiscating all firearms if they declare an emergency? 2A is meaningless when we can ignore the constitution.

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Where is the White House even getting these funds to buy up equity as it was not allocated by congress?


Interested to hear this answer

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The purchase of the 433.3 million Intel shares will be made with funding from the $5.7 billion in unpaid grants from the Biden-era CHIPS Act and $3.2 billion awarded to Intel for the Secure Enclave program, also awarded under Trump's predecessor, Democratic President Joe Biden.

Reuters