Some people believe there's a finite amount of money in the US. If someone makes a dollar someone else has to lose a dollar. Obviously that’s not the case.
Automobile, Airplane, Electricity, Telephone, and radio/TV. All were invented and pioneered by private citizens and the Federal Government has commandeered all of them.
It’s said that those who refused to learn from history are condemned to repeat it. It looks like the president refused to learn from history that the nationalization of companies rarely work to the good of the public taxpayer.