CHIPS act is a disaster so far

[Anonymous]

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

[Anonymous]

Policy is different than execution.

the government is not building the plants or hiring the workers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

Look at the long term graphs. The economy under Trump was a continuation of what Obama started. Everything took a dip with COVID as Trump left office. Everything came back and more, because Biden's administration are adults who got the vaccines out, cleared the supply chain issues and generally have out performed every other country in the world.

You claim Biden is incompetent, and yet, our economy is the envy of the world and far superior on a month by month, a quarterly and annual basis than Trump's administration. This goes for GDP growth, unemployment, job creation, you name it.

Why are you lying about the economy under Trump as compared to Biden, or are you simply not aware of the facts?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

maybe YOU don't get it.

here, read this: https://www.washingtonpost.com/business/2023/12/23/trump-biden-us-economy-compared/

Notice, the deficit in 2020 (trump was still president, right?)

Imagine if Trump were still president where that debt would be today

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

Look at the long term graphs. The economy under Trump was a continuation of what Obama started. Everything took a dip with COVID as Trump left office. Everything came back and more, because Biden's administration are adults who got the vaccines out, cleared the supply chain issues and generally have out performed every other country in the world.

You claim Biden is incompetent, and yet, our economy is the envy of the world and far superior on a month by month, a quarterly and annual basis than Trump's administration. This goes for GDP growth, unemployment, job creation, you name it.

Why are you lying about the economy under Trump as compared to Biden, or are you simply not aware of the facts?

Sorry, you're absolutely delusional.

So be it -- let's come back in say 10 years and see what unparalleled success (your bet) or expensive failure (mine) comes out of this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

Look at the long term graphs. The economy under Trump was a continuation of what Obama started. Everything took a dip with COVID as Trump left office. Everything came back and more, because Biden's administration are adults who got the vaccines out, cleared the supply chain issues and generally have out performed every other country in the world.

You claim Biden is incompetent, and yet, our economy is the envy of the world and far superior on a month by month, a quarterly and annual basis than Trump's administration. This goes for GDP growth, unemployment, job creation, you name it.

Why are you lying about the economy under Trump as compared to Biden, or are you simply not aware of the facts?

Sorry, you're absolutely delusional.

So be it -- let's come back in say 10 years and see what unparalleled success (your bet) or expensive failure (mine) comes out of this.

So rather than actually looking at the long term graphs, you prefer to call someone else delusional?

Ok, don't look at facts and keep living in your alternate reality bubble.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

Look at the long term graphs. The economy under Trump was a continuation of what Obama started. Everything took a dip with COVID as Trump left office. Everything came back and more, because Biden's administration are adults who got the vaccines out, cleared the supply chain issues and generally have out performed every other country in the world.

You claim Biden is incompetent, and yet, our economy is the envy of the world and far superior on a month by month, a quarterly and annual basis than Trump's administration. This goes for GDP growth, unemployment, job creation, you name it.

Why are you lying about the economy under Trump as compared to Biden, or are you simply not aware of the facts?

Sorry, you're absolutely delusional.

So be it -- let's come back in say 10 years and see what unparalleled success (your bet) or expensive failure (mine) comes out of this.

GDP Graph: https://www.statista.com/statistics/188105/annual-gdp-of-the-united-states-since-1990/
Unemployment graph: https://www.statista.com/statistics/193290/unemployment-rate-in-the-usa-since-1990/
Job Creation: https://www.statista.com/chart/14962/seasonally-adjusted-non-farm-job-creation-in-the-us/

Keep in mind also, under Trump, the debt grew by 7.8 TRILLION dollars, for no reason other than to further enrich the .1%

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

Look at the long term graphs. The economy under Trump was a continuation of what Obama started. Everything took a dip with COVID as Trump left office. Everything came back and more, because Biden's administration are adults who got the vaccines out, cleared the supply chain issues and generally have out performed every other country in the world.

You claim Biden is incompetent, and yet, our economy is the envy of the world and far superior on a month by month, a quarterly and annual basis than Trump's administration. This goes for GDP growth, unemployment, job creation, you name it.

Why are you lying about the economy under Trump as compared to Biden, or are you simply not aware of the facts?

Sorry, you're absolutely delusional.

So be it -- let's come back in say 10 years and see what unparalleled success (your bet) or expensive failure (mine) comes out of this.

So rather than actually looking at the long term graphs, you prefer to call someone else delusional?

Ok, don't look at facts and keep living in your alternate reality bubble.

Sweetie, I don't need to look into whatever graphs WaPo chose to share; I am an economist working in a major investment house. There are so many wrong points with your previous message, let's start with the first one: "The economy under Trump was a continuation of what Obama started."

This is FALSE. Every metric in 2015 and 2016 was showing a substantial slowing down, even likely recession, until the Trump election. Then everything changed.

You have no idea what you're talking about, so I was graciously giving you the benefit of the doubt with that "let's come back in say 10 years.'

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

Look at the long term graphs. The economy under Trump was a continuation of what Obama started. Everything took a dip with COVID as Trump left office. Everything came back and more, because Biden's administration are adults who got the vaccines out, cleared the supply chain issues and generally have out performed every other country in the world.

You claim Biden is incompetent, and yet, our economy is the envy of the world and far superior on a month by month, a quarterly and annual basis than Trump's administration. This goes for GDP growth, unemployment, job creation, you name it.

Why are you lying about the economy under Trump as compared to Biden, or are you simply not aware of the facts?

Sorry, you're absolutely delusional.

So be it -- let's come back in say 10 years and see what unparalleled success (your bet) or expensive failure (mine) comes out of this.

So rather than actually looking at the long term graphs, you prefer to call someone else delusional?

Ok, don't look at facts and keep living in your alternate reality bubble.

Sweetie, I don't need to look into whatever graphs WaPo chose to share; I am an economist working in a major investment house. There are so many wrong points with your previous message, let's start with the first one: "The economy under Trump was a continuation of what Obama started."

This is FALSE. Every metric in 2015 and 2016 was showing a substantial slowing down, even likely recession, until the Trump election. Then everything changed.

You have no idea what you're talking about, so I was graciously giving you the benefit of the doubt with that "let's come back in say 10 years.'

So we can either believe 15 years of data or we can believe a rando anonymous poster with an opinion.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

You apparently are unaware that every major national industry relies on government in some way to mitigate the risks and the start up costs of technology innovation and manufacturing.

Look at the CHIPS site. This is not a political program. It is run by scientists and engineers.
https://www.nist.gov/chips

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

Look at the long term graphs. The economy under Trump was a continuation of what Obama started. Everything took a dip with COVID as Trump left office. Everything came back and more, because Biden's administration are adults who got the vaccines out, cleared the supply chain issues and generally have out performed every other country in the world.

You claim Biden is incompetent, and yet, our economy is the envy of the world and far superior on a month by month, a quarterly and annual basis than Trump's administration. This goes for GDP growth, unemployment, job creation, you name it.

Why are you lying about the economy under Trump as compared to Biden, or are you simply not aware of the facts?

Sorry, you're absolutely delusional.

So be it -- let's come back in say 10 years and see what unparalleled success (your bet) or expensive failure (mine) comes out of this.

So rather than actually looking at the long term graphs, you prefer to call someone else delusional?

Ok, don't look at facts and keep living in your alternate reality bubble.

Sweetie, I don't need to look into whatever graphs WaPo chose to share; I am an economist working in a major investment house. There are so many wrong points with your previous message, let's start with the first one: "The economy under Trump was a continuation of what Obama started."

This is FALSE. Every metric in 2015 and 2016 was showing a substantial slowing down, even likely recession, until the Trump election. Then everything changed.

You have no idea what you're talking about, so I was graciously giving you the benefit of the doubt with that "let's come back in say 10 years.'

So we can either believe 15 years of data or we can believe a rando anonymous poster with an opinion.

Or, you can actually look at the relevant data, without a partisan agenda.

"For the U.S. economy as a whole, 2016 was an off year. Economic growth slowed to a tepid 1.6% annual rate, which was a five-year low and a sharp drop from the 2.9% pace of 2015."

https://www.reuters.com/article/idUSKBN1YM0HL/

[Anonymous]

Anonymous wrote:Policy is different than execution.

the government is not building the plants or hiring the workers.

And from what I've read the CHIPS act is dubious policy. Government funding of $100B is not sufficient to rebuild an industry that can compete with (or replicate) what Taiwan has. We don't have the skilled engineers, and our labor costs are astronomical. This is what drives people crazy about government spending. Throwing pennies at problems that are insurmountable.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Republicans have the attention span of gnats. If they can't have instant gratification, they don't want it. Just no discipline at all.

You also don't just snap your fingers and make industrial policy happen. It takes years to develop industry and infrastructure of this magnitude. Just look at any major construction project in a city near you. Think how long those apartment buildings take to build (hint, it's usually 2-3 years). Now multiply that difficulty by like 100 to get to what is necessary for a semi-conductor plant. Just one spec of dust or shedding of skin cells can disrupt the semiconductor process. OP, truly is an idiot that believes all things can be solved with 30 second sound bites.

Not sure I follow. You're saying that the same folks who couldn't build a working Obamacare website, or a solar industry despite massive investments, or get our own weapons out of Afghanistan, or manage the border, or open public schools safely like so many other countries did.....you're saying those same people will now "make industrial policy happen" ... and industrial policy is something so difficult that you need to "multiply that difficulty by like 100 to get to what is necessary"?

+1. What we need to "get things done" is a fat, bloated, lying bullshitter. Someone who's a real "businessman" with multiple bankruptcies and a fifty-year history of cheating contractors and tradesmen. MAGA!

You don't get it, do you?

The economy boomed under Trump and the GOP because they largely didn't have those Soviet delusions you seem to share.

In contrast Biden and Dems, proven incompetent time and again, want to regulate the private sector to death Soviet-style because "they know best."

If we had competent policy-leaders and policy-implementers, like say China or France have, I might think otherwise. But we don't.

Look at the long term graphs. The economy under Trump was a continuation of what Obama started. Everything took a dip with COVID as Trump left office. Everything came back and more, because Biden's administration are adults who got the vaccines out, cleared the supply chain issues and generally have out performed every other country in the world.

You claim Biden is incompetent, and yet, our economy is the envy of the world and far superior on a month by month, a quarterly and annual basis than Trump's administration. This goes for GDP growth, unemployment, job creation, you name it.

Why are you lying about the economy under Trump as compared to Biden, or are you simply not aware of the facts?

Sorry, you're absolutely delusional.

So be it -- let's come back in say 10 years and see what unparalleled success (your bet) or expensive failure (mine) comes out of this.

So rather than actually looking at the long term graphs, you prefer to call someone else delusional?

Ok, don't look at facts and keep living in your alternate reality bubble.

Sweetie, I don't need to look into whatever graphs WaPo chose to share; I am an economist working in a major investment house. There are so many wrong points with your previous message, let's start with the first one: "The economy under Trump was a continuation of what Obama started."

This is FALSE. Every metric in 2015 and 2016 was showing a substantial slowing down, even likely recession, until the Trump election. Then everything changed.

You have no idea what you're talking about, so I was graciously giving you the benefit of the doubt with that "let's come back in say 10 years.'

So we can either believe 15 years of data or we can believe a rando anonymous poster with an opinion.

Or, you can actually look at the relevant data, without a partisan agenda.

"For the U.S. economy as a whole, 2016 was an off year. Economic growth slowed to a tepid 1.6% annual rate, which was a five-year low and a sharp drop from the 2.9% pace of 2015."

https://www.reuters.com/article/idUSKBN1YM0HL/

Sure and that 1.6 that Obama had was "tepid" but when Trump had the same 1.6 it was described as "robust" or "sizziling" or "spectacular"

See the problem?