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Jim Himes: “This president has taken a 10% stake in Intel, a 15% stake…”

Featuring: Jim Himes, Democratic | U.S. House Connecticut, 4th Congressional District

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Himes Calls Out Republicans for Wasting Time, Ignoring Affordability.

Published | Video Starts at 02:47

What's the definition of socialism again? If you crack a book, you'll see that it is state control over the means of production. This president has taken a 10% stake in Intel, a 15% stake in MP Materials, a 10% stake in Lithium America, 10% stake in Trilogy Metals, and we have a golden share in U.S. steel. State control of the means of production. Madam ranking member, may I have one more minute? I yield additional minute to the gentleman. Gentleman from Connecticut is recognized for an additional minute. (02:47–03:01)

CLAIM

Asserts that the U.S. government has taken stakes in several companies, including Intel and MP Materials.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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