CHIPS act is a disaster so far

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

Ah, the fool has a sense of humor.

Sweetie, it's the person making grandiose claims the one who has to show the data. You have claimed that Solyndra was the only failure in the overall solar industry program, and that despite it the overal scheme was a significant financial success.

Prove it.

Dp- they provided data. You said there is more, please show us more.

Come back and answer, “prove it” PP. We’re all ears.

Lots of numbers and success stories in this report: https://obamawhitehouse.archives.gov/sites/default/files/page/files/20160225_cea_final_clean_energy_report.pdf

Too bad you don't have any data to refute any of it, you clownish pretend-investment-banker.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

Ah, the fool has a sense of humor.

Sweetie, it's the person making grandiose claims the one who has to show the data. You have claimed that Solyndra was the only failure in the overall solar industry program, and that despite it the overal scheme was a significant financial success.

Prove it.

Dp- they provided data. You said there is more, please show us more.

Come back and answer, “prove it” PP. We’re all ears.

Lots of numbers and success stories in this report: https://obamawhitehouse.archives.gov/sites/default/files/page/files/20160225_cea_final_clean_energy_report.pdf

Too bad you don't have any data to refute any of it, you clownish pretend-investment-banker.

Nothing but the sound of rustling tumbleweeds, mr fake investment banker has yet to show up with anything of substance to counter any of this. See, kids - this is the problem with listening to idiots like Sean Hannity in the right wing bubble chamber. You think you know things - but then you get outside your right wing echo chamber and get destroyed.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Why don’t you show us your data?

Ah, the fool has a sense of humor.

Sweetie, it's the person making grandiose claims the one who has to show the data. You have claimed that Solyndra was the only failure in the overall solar industry program, and that despite it the overal scheme was a significant financial success.

Prove it.

Dp- they provided data. You said there is more, please show us more.

Come back and answer, “prove it” PP. We’re all ears.

Lots of numbers and success stories in this report: https://obamawhitehouse.archives.gov/sites/default/files/page/files/20160225_cea_final_clean_energy_report.pdf

Too bad you don't have any data to refute any of it, you clownish pretend-investment-banker.

Nothing but the sound of rustling tumbleweeds, mr fake investment banker has yet to show up with anything of substance to counter any of this. See, kids - this is the problem with listening to idiots like Sean Hannity in the right wing bubble chamber. You think you know things - but then you get outside your right wing echo chamber and get destroyed.

That’s why they stick to their dumb threads.

And they can never admit that Biden does what Trump promised.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

I actually work in the industry, which clearly you don't. The entire issue with your complaining is that new technology always loses money. That's why private industry won't pay for it. It is what we need government to do. It's exactly what China did. When everyone cried about the amount of money the US was losing on R&D, China was dumping money into new technologies. That's why they are winning. They took what was learning from Solyndra and invested more, therefore taking over the entire industry. We stopped investing and have lost out in the long run. After all of these years of losing time, we are now trying to play catch up. The conservatives like you did this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

I actually work in the industry, which clearly you don't. The entire issue with your complaining is that new technology always loses money. That's why private industry won't pay for it. It is what we need government to do. It's exactly what China did. When everyone cried about the amount of money the US was losing on R&D, China was dumping money into new technologies. That's why they are winning. They took what was learning from Solyndra and invested more, therefore taking over the entire industry. We stopped investing and have lost out in the long run. After all of these years of losing time, we are now trying to play catch up. The conservatives like you did this.

They won’t listen.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Two days since PP said this, and not a single credible independent analysis offered in this thread, just a lot of angry Dems insulting PP.

Not a good look, Bidenomics boosters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Two days since PP said this, and not a single credible independent analysis offered in this thread, just a lot of angry Dems insulting PP.

Not a good look, Bidenomics boosters.

“It’s been 2 days since I asked someone to make my argument for me and all
I got was dragged on DCUM!”

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:“The Biden administration is providing $162 million to Microchip Technology to support the domestic production of computer chips — the second funding announcement tied to a 2022 law designed to revive U.S. semiconductor manufacturing.

The incentives announced Thursday include $90 million to improve a plant in Colorado Springs, Colorado, and $72 million to expand a factory in Gresham, Oregon, the Commerce Department said. The investments would enable Microchip Technology Inc., which is based in Chandler, Arizona, to triple its domestic production and reduce its dependence on foreign factories.”
https://apnews.com/article/computer-chips-biden-commerce-microchip-technologies-f9f1984a1e524c33edc3d95e9da9d1b7

Throwing money around is the easy part.

Showing it works is the hard one. Not a great track record at that I must say.

So you are saying these companies are building these facilities and then they will...just stay dormant?

Oh G-d. Were you born when Obama/ Biden threw tens of billions around to build a solar industry in the US, only for most firms, like Solyndra, to go bankrupt in less than 5 years?

Uh sorry, it wasn't even remotely "most firms." Solyndra was an anomaly. Most firms succeeded and in fact the government got a net positive return on investment. Turn off FOX News.

That is false, but you wouldn't know because your only source of news are the lefty equivalents of Fox News. There were multiple bankrupcies and, as a sector, those subsidies were seen as a major disaster, in part because of Chinese dumping.

But keep dreamin' in your bubble...

PS: i work for a major investment firm

If you work for "a major investment firm" you should be fired for gross incompetence and cluelessness. The renewable energy loan failure rate was lower than typical failure rates in private industry sectors, and provided substantial returns.



Someone working in investment banking should know these things, but either you don't and are a bumbling incompetent idiot, or you DO know but are a dishonest lying idiot.

And... in fact, the Solyndra losses were more than made up for via gains in other parts of the program, it was a net gain for taxpayers along with creating nearly a million lasting jobs - https://www.reuters.com/article/idUSKCN0IX0A0/

Ah, typical fool response, let's put some big table with some data assuming that others are as math illiterate as you are.

Shows us one independent published analysis of the ROI of all those Biden/ Obama loans and equity investments in the solar energy industry -- which is what we are talking about, as an analogy to semis.

You won't dare....because most show substandard or negative returns. The whole thing was shown to be a disaster for innovation yet a bonanza for a few political insiders...I guess you're connected to some of the latter.

Two days since PP said this, and not a single credible independent analysis offered in this thread, just a lot of angry Dems insulting PP.

Not a good look, Bidenomics boosters.

The CHIPs act was passed last year. It takes more than a few months to implement. The early data on investment into manufacturing plants with subsidies from this law are encouraging. To suggest it is a 'disaster" this early in the game is like leaving a pro basketball game when the team is down 2-0 15 seconds in.

[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.

PRC can build faster, but weak labor/enivonrmental/property right making that easy.

[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.

PRC can build faster, but weak labor/enivonrmental/property right making that easy.

The anglosphere has way more “veto points” than even France or Italy when it comes to building capital

[Anonymous]

https://www.tomshardware.com/tech-industry/tsmc-delays-3nm-arizona-fab-by-a-year-cites-lack-of-us-subsidies-and-waning-demand

🤣

[Anonymous]

Anonymous wrote:https://www.tomshardware.com/tech-industry/tsmc-delays-3nm-arizona-fab-by-a-year-cites-lack-of-us-subsidies-and-waning-demand

🤣

There's tax issues due to the murky national status of Taiwan. A fix is part of the package the Senate is working on.

[Anonymous]

Once again Republicans are hoping for America to lose. Weird flex.

[Anonymous]

Anonymous wrote:Once again Republicans are hoping for America to lose. Weird flex.

Once again Democrats are giving big business tax breaks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Once again Republicans are hoping for America to lose. Weird flex.

Once again Democrats are giving big business tax breaks.

The income tax on the jobs created as well as new service jobs that go with the manufacturing plant and the corresponding economic stimulus more than make up for the tax breaks.