5mo ago

Trump calls for an end to the Chips Act, redirecting funds to national debt

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Trump calls for an end to the Chips Act, redirecting funds to national debt | TechSpot

12 comments

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.
  
  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. 🙄
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.

12 comments