This style of classical fascism or economic fascism, or whatever the term is differentiate it from the modern unrelated usage of fascism, being used in the US is a bit unnerving, and it's crazy that it's usually from the Republican party, who claims to espouse free markets.

It also happened under G. W. Bush with banks and auto manufacturers, but the worst offense was under Nixon with his nationalization of passenger rail.

At least with the bank and car manufacturer bailouts the government eventually sold off their stocks, and with the Intel investment the government has non-voting shares, but the government completely controls the National Railroad Passenger Corporation, (the NRPC aka Amtrak) with the board members being appointed by the president of the United States.

We lost 20 independent railroads overnight, and created a conglomerate that can barely function.