Calmes: Trump decries ‘communism’ while his government takes ownership of companies

As a student years ago, I dove deep into the history of the Red-hunting McCarthy era and became familiar with the actor who emerged second only to Wisconsin Sen. Joe McCarthy as the villain of that insidious time: his shameless, conniving young lawyer, Roy Cohn. Never would I have imagined that a future president would count Cohn as a mentor and role model.

Then came Donald Trump.

Now, in Cohn-inflected McCarthyesque style, President Trump is channeling his tutor yet again, baselessly labeling his political enemies — all Democrats — as communists as he looks ahead to the fall’s midterm elections. Once more Trump shows that his catchphrase “Make America great again” means regressing, this time to Trump’s formative 1950s and the McCarthy era that sadly helped define it.

In recent speeches, including on the Fourth of July, Trump’s utterances of “communist” or “communism” reached double digits each time. (As that implies, the president didn’t set aside his divisive rhetoric even for the nation’s 250th birthday.)

“Our warriors did not fight communism on battlefields across the world only to have that menace rear its ugly head right back here in America,” Trump said late on the Fourth on the National Mall.

Trump couples his commie-baiting with a dash of his trademark xenophobia. “There is now a resurgence of the communist menace in our land, including by newcomers to our country who embrace ideas totally opposed to our way of life and our great success,” he said at Mount Rushmore a day earlier. (He’s got it backward, of course: Immigrants come here for the American way of life and promise of success.)

Here’s the irony: Trump’s actions in his second term make him look more like the commie. He’s projecting again.

Now that Trump is exploiting a few victories lately by left-wing democratic socialists in Democratic primaries to paint the entire party as communists, it’s time to review the record — his record.

A hallmark of communism is government ownership of companies and control of the economy, at the expense of private property and free markets. In just over a year, Trump has used billions of taxpayers’ dollars to buy shares for the government in a growing list of private companies — U.S. Steel, Intel, Westinghouse and more — citing national security. The companies don’t always welcome their new stakeholder; at a minimum, they rightly fear it for the demands the government could make about prices and production.

“It’s what Putin did,” the estranged Republicans at the Lincoln Project posted online Monday. “Trump is the closest we’ve ever come to communism.”

“What began as a populist revolt against so-called elites has become a program of state ownership, price fixing and top-down industrial control,” free-market economist Veronique de Rugy wrote in The Times last October of Trump’s actions. “The power to ‘partner’ with business is the power to control it.”

Comrade Trump’s first big government grab, and a model for those to come, was in June last year, when he wrested a permanent “golden share” in U.S. Steel in return for approving its sale to Japan’s Nippon Steel. The company’s charter was revised to give the U.S. president extraordinary veto power over nearly a dozen corporate activities, including closing or relocating plants, supply-chain decisions, even pricing.

“We have a golden share, which I control,” Trump told reporters at the time, in words I never thought I’d hear from a president of the party once associated with free markets.

Just last week, Trump boasted to CNBC how he’d extracted a 10% stake in beleaguered chip giant Intel last August, after first demanding that its chief executive resign. “Intel came in. They had a problem. I said, ‘I can solve your problem, but I want 10% of the company.’ … Somebody said that’s not very American. I said, ‘No, I think it is very American, actually.’ And I’ve done that with other deals.”

And so he has.

The Pentagon is now the largest stockholder in struggling MP Materials, a large rare-earth mine in California, and guarantees a 10-year price floor for its output that stunned competitors. The administration has since taken shares in other rare-earth companies. The Commerce Department took an option for an 8% stake in Westinghouse, to spur construction of nuclear reactors, and has the right to 20% if the government decides the company should go public. The government takes a 15% cut of Nvidia’s and Advanced Micro Devices’ AI chip sales to China.

As much as anything he does, Trump’s direct intervention in private enterprise invites the question “What if Biden/Harris/Obama did that?” The answer, of course: Trump and Republicans would cry “Communist!”

Trump’s actions are the sort Americans generally have only seen during economic emergencies or major wars, and then rarely. I covered the frenzied and ultimately successful response to the near-collapse of the global financial system and the U.S. auto, insurance and housing industries. Behind the scenes in the Obama White House (and George W. Bush’s at the outset) was constant, angst-filled debate about any actions smacking of government takeovers and a determination that interventions be temporary, unlike Trump’s schemes. (For all the still-lingering unpopularity of the banking bailout, the Treasury — the taxpayers — got all the money back and then some, and exited the business.)

Trump’s economic big-footing isn’t the only way in which he resembles the commies Americans know best, and whom he so admires: Vladimir Putin, Xi Jinping, Kim Jung Un. There are also the images of himself everywhere, monuments planned, drearily long and self-adulating speeches and interference in the nation’s cultural, educational and legal spheres and — worst of all — in elections.

At Rushmore, Trump closed with a demand that Congress pass his so-called SAVE America Act to restrict voting. “We do that and we’re not going to lose an election for 100 years,” he said, speaking of course about Republicans.

One-party rule through central government election finagling? Now that’s a communist.

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