Howard Lutnick: The Biden Admin. Gave $11 Billion to Intel in Exchange for Nothing, Trump Comes in and Says ‘Whoa, Whoa...’

Ingraham: “The president’s gotten an unlikely supporter of the deal, Vermont Senator Bernie Sanders, because he says if microchip companies make a profit from the generous grants they receive from the federal government, the taxpayers of America have a right to a reasonable return on that investment. Here with me exclusively, U.S. Commerce Secretary Howard Lutnick. Mr. Secretary, I know you’ve already shared the details of how you kind of hatched this idea. However, the president also says he wants to get as much as he can and that he wants many more cases like Intel. So, tonight, tell me what companies you all might be looking at.”

LUTNICK: “Well, think about this. We give — I’ll give you an example. We give hundreds of millions to each university, tens of billions, up to $200 billion a year. They take that money and they do research and they get patents. And you know who keeps them? The scientists and the university. And we, who pay all the money, the American taxpayers, we get nothing. This has got to change. We gave Intel, the Biden Administration gave Intel $11 billion in exchange for — nothing! Nothing! So, Donald Trump comes in and says, whoa, whoa, why don’t you give us $11 billion of your equity? At least America gets the benefit of the bargain. I mean, doesn’t that make sense?”