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Lever Time

Comrade Trump Seizes The Means Of Production

Lever Time

The Lever

News, News Commentary, Politics

4.8560 Ratings

🗓️ 4 September 2025

⏱️ 50 minutes

🧾️ Download transcript

Summary

The United States government is taking a 10 percent stake in Intel, blurring the lines between capitalism and state ownership. While critics say it’s a dangerous power grab, Sen. Bernie Sanders (I-Vt.) is praising President Donald Trump’s move. On this episode of Lever Time, David Sirota sits down with The American Prospect’s Harold Meyerson and Cornell University law professor Bob Hockett to tackle the deeper question: Should the U.S. government own pieces of big corporations? Get ad-free episodes, bonus content and extended interviews by becoming a member at levernews.com/join. To leave a tip for The Lever, click here. It helps us do this kind of independent journalism. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to the free ad-supported version of our podcast. For an ad-free experience,

0:05.5

visit levernews.com slash upgrade. When Donald Trump was inaugurated like all presidents, he swore

0:12.1

an oath to preserve, protect, and defend the Constitution. Instead, Donald Trump has decided

0:16.9

to swerve, deflect, and append the Constitution and treat it like a terms and conditions

0:21.8

page. I'm Professor Corey Brett Schneider. And I'm deeply unqualified comedian John Fugleson.

0:27.3

We'd like to invite you to listen to the Oath in the Office podcast where every week we interpret

0:32.1

the Constitution and hold Trump accountable to his oath. It's a podcast that offers real insight on how to take action against tyranny and mayhem,

0:41.2

because despair is not a strategy.

0:43.8

We'll hold him to his pledge, despite his threats to democracy and the law itself.

0:49.3

It's a podcast that's all about hope for what a real democracy should look like from an esteemed, respected

0:54.9

constitutional scholar and a deeply neurotic comedian who thought the emoluments clause was a breakfast item.

1:01.1

Subscribe to The Oath in the Office where every week we talk about how citizens can preserve our democracy

1:06.7

and fight back against the threat to democracy.

1:10.1

Subscribe to The Oath in the Office on Apple, Spotify, or wherever you get your podcast.

1:17.8

The Lever.

1:21.2

From The Lever's reader-supported newsroom, this is Lever Time.

1:24.8

I'm David Serota.

1:26.4

For months, Republicans have been in a red panic over New York City mayoral candidate Zoran

1:32.1

Mamdani's proposals for government-owned grocery stores, free public buses, and government-funded

1:38.5

childcare. But guess who just upped the socialist ante? That's right. Comrade Donald Trump himself is seizing the proverbial means of production.

1:49.0

After a squabble with the CEO of microchip maker Intel, the U.S. government now owns 10% of

1:55.5

the company, converting a previous $10.8 billion subsidy into an actual equity stake.

...

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