Biden-Harris wasted $8.5 billion in taxpayer money to lose 15,000 jobs at Intel

[1srelluc]

MSN

Intel, Micron, Global Foundries, Polar Semiconductor, Taiwan Semiconductor Manufacturing Company, Samsung, BAE Systems, and Microchip Technology have been the direct beneficiaries of the law.

This was supposed to be one of the “Crown Jewels” of the Biden-Harris admin. A massive job creator that would allow America to take back its technological leadership.

Intel was one of the biggest beneficiaries of the Chips Act, receiving an $8.5 billion grant announced in March, a $25 billion sweetheart tax incentive and likely the lion’s share of an $11 billion federal loan program. That’s only the opening act.

What did we get in exchange? Intel this week announced it was laying off 15% of its workforce — 15,000!


Meh, This really shouldn't be a surprise to anyone with half a brain.

Every single act/program/bill is nothing more than a grift operation to benefit those involved

But the American people are pacified consumers who are content to be enslaved so long as they have Marvel movies and slop in their shopping cart.

Just follow the money:

Intel Corp Profile: Summary

Intel Corp organization profile. Contributions in the 2024 cycle: $496,282. Lobbying in 2024: $1,610,000. Outside Spending in the 2024 cycle: $0.

www.opensecrets.org

 

[JGalt]

Biden's CHIP Act has produced the same number of semiconductors as the number of Democrats who voted for Kamala Harris in the primary election.

 

[DukeU]

We're too dumb to notice or do anything about it because we have been educated by these same people.

 

[Blaster]

Bidenomics is a disaster.

 

[candycorn]

MSN

Intel, Micron, Global Foundries, Polar Semiconductor, Taiwan Semiconductor Manufacturing Company, Samsung, BAE Systems, and Microchip Technology have been the direct beneficiaries of the law.

This was supposed to be one of the “Crown Jewels” of the Biden-Harris admin. A massive job creator that would allow America to take back its technological leadership.

Intel was one of the biggest beneficiaries of the Chips Act, receiving an $8.5 billion grant announced in March, a $25 billion sweetheart tax incentive and likely the lion’s share of an $11 billion federal loan program. That’s only the opening act.

What did we get in exchange? Intel this week announced it was laying off 15% of its workforce — 15,000!


Meh, This really shouldn't be a surprise to anyone with half a brain.

Every single act/program/bill is nothing more than a grift operation to benefit those involved

But the American people are pacified consumers who are content to be enslaved so long as they have Marvel movies and slop in their shopping cart.

Just follow the money:

Intel Corp Profile: Summary

Intel Corp organization profile. Contributions in the 2024 cycle: $496,282. Lobbying in 2024: $1,610,000. Outside Spending in the 2024 cycle: $0.

www.opensecrets.org

never happened.

 

[JackOfNoTrades]

MSN

Intel, Micron, Global Foundries, Polar Semiconductor, Taiwan Semiconductor Manufacturing Company, Samsung, BAE Systems, and Microchip Technology have been the direct beneficiaries of the law.

This was supposed to be one of the “Crown Jewels” of the Biden-Harris admin. A massive job creator that would allow America to take back its technological leadership.

Intel was one of the biggest beneficiaries of the Chips Act, receiving an $8.5 billion grant announced in March, a $25 billion sweetheart tax incentive and likely the lion’s share of an $11 billion federal loan program. That’s only the opening act.

What did we get in exchange? Intel this week announced it was laying off 15% of its workforce — 15,000!


Meh, This really shouldn't be a surprise to anyone with half a brain.

Every single act/program/bill is nothing more than a grift operation to benefit those involved

But the American people are pacified consumers who are content to be enslaved so long as they have Marvel movies and slop in their shopping cart.

Just follow the money:

Intel Corp Profile: Summary

Intel Corp organization profile. Contributions in the 2024 cycle: $496,282. Lobbying in 2024: $1,610,000. Outside Spending in the 2024 cycle: $0.

www.opensecrets.org

LOL. Is it anything like Foxconn?

Let's face it, you members of Alt-Right Nation should just stop posting on things you have zero idea on and making them political.

You come off looking like the retards we know you are.

 

[leftwinger]

I though most of those listed Semiconductor Companies refused the grant money as it was linked to a bunch of DEI BS they did not want to (or could not) deal with.

 

[JGalt]

never happened.

So how many semiconductors has Biden's $280 billion dollar CHIPS Act produced so far?

 

[SassyIrishLass]

So how many semiconductors has Biden's $280 billion dollar CHIPS Act produced so far?

Probably about as many as his electric charging station fiasco has

 

[JGalt]

Probably about as many as his electric charging station fiasco has

Right! That one was $7.5 billion down the gopher hole.

 

[1srelluc]

We're too dumb to notice or do anything about it because we have been educated by these same people.

Mouse in your pocket?

Not really, the ones that notice (mostly boomers) were educated by mostly sane people.....Sadly they are passing away at an ever increasing clip and leaving only the blissfully ignorant behind.

 

[DukeU]

Mouse in your pocket?

Not really, the ones that notice (mostly boomers) were educated by mostly sane people.....Sadly they are passing away at an ever increasing clip and leaving only the blissfully ignorant behind.

I was being nice with the "we".

 

[1srelluc]

I was being nice with the "we".

That's why the right-leaning lose....You gotta live by the feud on the dems.

 

[DukeU]

That's why the right-leaning lose....You gotta live by the feud on the dems.

I agree.

That's why I'm supporting Trump.

I don't agree with everything he says and does, but he's not afraid of the fight.

And he doesn't back down, like we seen in his latest interview.

 

[1srelluc]

I agree.

That's why I'm supporting Trump.

I don't agree with everything he says and does, but he's not afraid of the fight.

And he doesn't back down, like we seen in his latest interview.

The evangelists put it best the last go-round.

"He might not be like us but he does not hate us like the dems do".

That's applicable to any right-leaner, religious or not....The batshit crazy leftist dems truly hate us.