Source: CounterPunch
by David Rosen
“The process of corporate nationalization evolved over the last nearly two decades. In 2008, Pres. George W. Bush signed the Troubled Asset Relief Program (TARP), a $700 billion bailout of the financial services industry in the face of what was dubbed the ‘Great Recession.’ In 2009, the Obama administration directly intervened in the auto industry through the Automotive Industry Financing Program (AIFP), investing approximately $80 billion into the auto industry, including General Motors and Stellantis (i.e., Chrysler). Reich stresses that the Trump 2.0 regime has escalated federal investment in – and equity ownership of – traditionally private corporations.” (08/12/26)
https://www.counterpunch.org/2026/08/12/trumps-national-socialism-agenda/