The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.
The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically.
“The proposed project will propel Texas into a state of the art semiconductor ecosystem,” Commerce Secretary Gina Raimondo said on a call with reporters. “It puts us on track to hit our goal of producing 20% of the world’s leading edge chips in the United States by the end of the decade.”
Raimondo said she expects the project will create at least 17,000 construction jobs and more than 4,500 manufacturing jobs.
Everything I see in the news about how the dems are bending over backwards to please republicans leads me to believe that the senior democratic party members are genuinely just fucking stupid.
I guess that’s to be expected since half of them are like 300 years old, but it’s still really annoying to watch them just let democracy be destroyed for the sake of decorum.
It’s at least forty years of history. After Reagan ran the table in 84, the DNC caved utterly and completely and just about never recovered.
Just an endless stream of faceless, well coiffed men in khakis and oxfords blabbering about values or some shit. Such a pathetic run of losing that even against trump they dug deep and lost that one.
Important to specify how they caved - they capitulated to corporate interests, and started seeking bribe money in the form of political donations in return for political favors at this time.
Stupid, perhaps. But it’s important to realize they all live in the same bubble in DC, and thus experience the same groupthink. When Biden refers to his Republican colleagues as “his friends,” he genuinely means it. They hang out over food and happy hours, etc every day. They likely feel much closer bonds with each other than they do with their actual constituents back home.
This doesn’t fully explain why Dems are so bad at messaging and politics in general, but I think it’s a big contributor.
Our run by abunch of Republicans who ran as Democrats. Maybe they influtreded the party long ago and both are right wing. One just less so.