Trump administration nationalizes US Steel . . . and makes Japan pay for it??

Photo Above - "WTH ????" Robert De Niro reacts to the news that Nippon Steel took over his factory .

Forget about building a border wall out of dented shipping containers, and making Mexico pay for it. This Nippon Steel deal seems better. They're paying $15 billion to buy US Steel, and turning it over to the Trump Administration. At least, that’s the spin in the link below. President Trump says he “has total control”.

US Steel headquarters will remain in Pittsburgh. No word on the fate of the Pittsburgh Steelers NFL franchise, which lost in the wildcard round in 4 of the past 5 years. Possibly being sent to Tokyo as an NFL expansion team, along with the Jacksonville Jaguars relocating to England to become the London Shrews? Well, “Nippon Steelers” does have a catchier ring to it, no?

There’s also a link below called “political leaders react”. Trump takes 100% if the credit. So does Senator John Fetterman, Pennsylvania governor Josh Shapiro, and even some Allegheny County d-list politician named Sara Innamorato. Wow, success DOES have a thousand fathers!

The only "leader" NOT on board with this takeover is the president of the United Steelworkers. He's miffed that he wasn't given a seat at the negotiating table. Get over it - this is the USA, not Germany, Mr. McCall. Union workers are ecstatic, though (3rd link at bottom). There seems to be a big disconnect between union officials and the rank and file.

I’m not casting shade on this takeover, whether it’s the President or Nippon Steel who will be calling the shots. It’s better than having China and India (the other big steel players) picking over the bones of America’s fading foundries and mediocre mills. There never should have been any attempt by the Biden Administration to derail the Nippon Steel takeover in the first place. Perhaps former president Biden, who famously “does not believe in the stock market” also doesn’t believe in steel and other basic industries? (At this point, some progressive know-it-all will begin ranting about "national security", which he would be totally against if it involves oil drilling, the pentagon or border control.)

I don’t really expect Trump to appoint himself head of US Steel after the deal is done. That would be extremely dangerous if ANY president had that kind of power. Just imagine what would happen in 2028 if we elected President Alexandria Ortega-Cortez, or Pete Buttigieg. What shots would they call if they were allowed to name themselves as CEO of US Steel or Exxon?

I’m just sayin’ . . .

US government to have control in Nippon Steel-U.S. Steel deal, Trump and Sen. McCormick say

Political leaders, steelworkers react to President Trump’s announcement of deal with Nippon Steel

U.S. Steel Workers React to Deal With Nippon Steel | RealClearEnergy