Reply to CHIPS act is a disaster so far

Forum Index » Political Discussion

Reply to "CHIPS act is a disaster so far "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]“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[/quote]

Throwing money around is the easy part.

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

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

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?[/quote]

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.  [/quote]

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[/quote]

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.

[img]https://cdn.vettedbiz.com/wp-content/uploads/2021/02/16022121/Screen-Shot-2021-02-18-at-1.31.37-AM.png[/img]

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/

[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics