In 2008, the tea party was born in opposition to Washington’s bailout of Wall Street . Those bailouts were sold as one-time responses to an emergency, yet they became a blueprint for deeper federal entanglement in private markets. Now, less than two decades later and with no crisis underway, the Trump administration is not only bailing out companies — it’s buying them outright. From taking golden shares in steelmakers to demanding a cut of Nvidia’s sales to China to the latest decision to buy a 10% stake in Intel, the line between free enterprise and state control has never been more blurred.

Washington has already funneled billions into semiconductor companies through the CHIPS and Science Act, effectively forcing every family to write an $800 check to chipmakers. But government ha

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