“I PAID ZERO FOR INTEL, IT IS WORTH APPROXIMATELY 11 BILLION DOLLARS. All goes to the USA. Why are stupid people unhappy with that? I will make deals like that for our Country all day long. I will also help those companies that make such lucrative deals with the United States States. I love seeing their stock price go up, making the USA RICHER, AND RICHER. More jobs for America!!! Who would not want to make deals like that?” @realDonaldTrump
Fact-Check Summary Donald Trump’s post accurately cites the government’s acquisition of equity in Intel valued at approximately $11 billion, achieved by converting previously awarded but unpaid grants into shares, rather than through new spending. However, describing this as having “paid zero” misleads by omitting the significant opportunity cost—the government forwent grant funding that would have […]