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‘Socialism’: Joe slams Commerce Department over equity stakes
Posted
July 31, 2026
Views
12,090
Likes
602
Comments
79
Engagement
5.63%
July 31, 2026
12,090
602
79
5.63%
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2:25Now PlayingThe Hill reports the Department of Commerce will take minority equity stakes in seven companies that are developing semiconductor technology for artificial intelligence and advanced computing systems. In exchange for over $870 million in federal incentives, the department will take minority equity stakes in the private companies. Joe slams the move, calling it “pre-Thatcher style socialism,” and calls out Republicans who warn of socialism on the American left.
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