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The Brian Lehrer Show

Tuesday Morning Economic News

The Brian Lehrer Show

WNYC

Bryan, Politics, Arts, Npr, News, Wnyc, News Commentary, Nyc, Daily News, Lerer, New, Public, Radio, Media, York

4.61.5K Ratings

🗓️ 26 August 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

Reporters Lydia DePillis and Shawn Donnan talk about the latest economic and tariff news, including U.S. investment in Intel, other deals involving foreign investment in U.S. businesses, and the Federal Reserve.

Transcript

Click on a timestamp to play from that location

0:00.0

It's the Brian Larry Show on WNYC. Good morning, everyone. So here's a headline you might not have

0:17.0

expected to ever see. It's from an opinion piece in the Wall Street Journal yesterday,

0:21.8

Trump wins Bernie Sanders endorsement. Wait, what? You're probably thinking, this is an April

0:27.5

Fool's Day. Trump wins Bernie Sanders endorsement? What? Well, yeah, that's real. And here's why.

0:35.1

As the op-ed notes, quoting Reuters, Sanders,

0:38.4

through his support behind President Donald Trump's plan to convert U.S. grants to chipmakers,

0:44.3

including $10.9 billion for Intel, into government stakes in the company. Sanders said,

0:50.7

quote, if microchip companies make a profit from the generous grants they receive

0:54.6

from the federal government, the taxpayers of America have a right to a reasonable return on

0:59.3

that investment. Then he added, taxpayers should not be providing billions of dollars in corporate

1:04.7

welfare to large profitable corporations like Intel without getting anything in return.

1:11.6

I spared you doing a Bernie Sanders imitation, but those were his words.

1:16.0

And the column by Wall Street Journal Assistant Editorial Page Editor James Freeman

1:20.7

notes that Sanders tried and failed to enable this kind of intervention

1:26.3

in President Biden's 2022 Chips and Science Act.

1:32.0

That's where these subsidies to Intel come from.

1:35.7

The James Freeman column, by the way, denounces the idea, in case you were wondering,

1:42.2

calls Sanders Marxist for liking it. I guess by extension,

1:46.2

he's suggesting that Trump is being a Marxist here too, right? And Freeman writes that turning

1:51.1

intel into the chip-making equivalent of Amtrak is unlikely to be good news for American taxpayers

1:57.6

or the company itself. So we begin today with those strange bedfellows,

2:03.0

President Trump, an independent socialist Senator Bernie Sanders, on the government taking, what I

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