The Trump Socialist Experiment

Donald Trump
Trump’s decision to take a 10 percent ownership stake in Intel, the vaunted, $100-ish billion computer and semiconductor company, will be another Republican loyalty test for the fall semester. Photo: Chip Somodevilla/Getty Images
Leigh Ann Caldwell
August 27, 2025

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Both shockingly and somehow also unsurprisingly, during his second term, President Trump has deployed virtually every conceivable statute, code, and emergency declaration to try and gain control over as many government agencies and functions as possible—the real prize after he warmed up with universities, law firms, and arts institutions—and he’s mostly been successful. But his attempts to claim many of these trophies—the Federal Reserve, the congressional power of the purse, the mayoralty of Washington, D.C.—will come to a head in Congress this fall. It will be a major test for Republicans, both the pliant variety and the silent minority who have been screaming into their pillows every day since January 20.