Trump's corporate stakes are a gift to the next Democratic president

The Trump administration has now announced or completed deals to take ownership stakes in 40 private companies. Just this week, the Commerce Department added four more proposed stakes to the running count we maintain at the Cato Institute’s Restoring Free Enterprise initiative. Those inclined to applaud the president’s dealmaking should consider what a Democratic president might do with those stakes after Trump is no longer in office.

Democrats are certainly thinking about it. Semafor reports...