That’s funny, I heard from my cousin that Fox News was saying that the White House claimed that tariffs and trade wars were to push companies to restore American manufacturing. But if that were true, why would they want to kill incentives aimed to spark renewed American manufacturing?
Not a fan of Trump at all, but one could argue that chips was a carrot and tariffs are a stick and you might not need the carrot if the stick is gonna work, so putting the carrot to use elsewhere makes sense. Don’t get me wrong, I don’t think anything he does is to benefit Americans or our infrastructure/economy, but there is a world where that makes sense.
If you’re not afraid to be wrong you could choose to believe in anything. There is not a world that exists where microprocessor manufacturing grows in the US without incentives like the CHIPS Act. Especially not when those incentives can be recinded on the whims of whatever lunatic those wacky Americans choose to elect.
not a fan of Trump
But you choose to carry water for him.
In my comment I made clear that I don’t think he’s doing this for our benefit and that I just brought it up because it’s possible at some point in the future or past, tariffs can be used responsibly. I did not “carry water” for him, or anyone. If anything, I “carried water” for the concept of tariffs. And that I will admit to because that was my goal. People are getting it in their heads that tariffs=bad and that’s not the case. There’s a time and place for tariffs, and I made clear in my comment that I don’t think it’s here and now. Apparently you view defending a tool the government has employed since its inception as equivalent to supporting Trump.
Yeah, people love being offered a carrot and then having it yanked to be beaten with a stick. Those people definitely won’t hold a grudge and go elsewhere. 🙄
I am not defending his actions, just legitimately providing a reason that might be done in some cases. I think it’s important people think through the consequences of actions regardless of the admin and that seemed like a pretty clear outcome in some cases that was being overlooked.
For what it’s worth, companies can hold grudges, but money is money, and if the stick hurts enough they will generally capitulate because money is generally more important then the ego of whoever is in charge that feels temporarily slighted. Look at the way CEOs/businesses (even from perceived “left leaning” companies) capitulated and donated to his campaign or changed policies overnight. Yes, there are Elon musks of the world, but most CEOs are just looking to increase profits and move on. Few take business personally. There’s a whole idiom about that.
Reminder that the CHIPS Act included funds for the IRS who used them to recover billions from wealthy tax cheats.
Trump just wants to shit on anything with Biden’s name on it. Even if that thing is something he would otherwise agree with. He’s not well.
let’s be real: he’s doing everything to weaken the country at the command of his owner.
It was the same thing during his first term, too. Anything Obama did was gutted.
“Your Chips Act is a horrible, horrible thing. We give hundreds of billions of dollars and it doesn’t mean a thing. They take our money and they don’t spend it,” Trump said.
“You should get rid of the Chips Act and whatever is left over, Mr. Speaker, you should use it to reduce debt.”
Idiot doesn’t even know what the fuck he’s talking about.
He’s a moron that doesn’t realize semiconductor fab processes don’t pop up instantly.
The US is about to fold and let Taiwan / China own all critical semiconductor manufacturing during the next 30 years.
