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Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

washingtonpost.com

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Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#121

Post by nrb »

acchow wrote: post #88
bpodgursky wrote: post #57

Earlier quoted context omitted.

Uh I mean yes Boeing is kind of a mess right now, but it's ridiculous to argue that having Boeing based in the US isn't an enormous strategic advantage. Can you imagine a world where US airlines had to depend on either Airbus or Sukhoi planes? Do you really think that would be better?

> Can you imagine a world where US airlines had to depend on either Airbus or Sukhoi planes? Do you really think that would be better? Are we going to pretend 737MAX wasn't grounded for a year and half after 2 devastating crashes killing 346 people? I think a world without Boeing would have been clearly better?

Perhaps, if you completely write off the breathtaking economic impact of the manufacturing and operation of Boeing products since its inception.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#122

Post by djbebs »

vxNsr wrote: post #34

The sane way to do this would have been to give the handouts on condition of no stock buybacks for 10 years and cap total exec compensation for similar amount of time for any company that accepts the handouts. This should be true for any company that accepts gov money. The gov doesn't give money to benefit the stockholders, they’re doing it to benefit the larger economy and country. Stock holder shouldn’t even be con…

Profit isn't a sin, and if you want shareholders to do something for you, why do you think they will want to do it if there is nothing in it for them?

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#123

Post by selimthegrim »

krainboltgreene wrote: post #103
lettergram wrote: post #67

Earlier quoted context omitted.

Lol the whole point of the US design was to allow the free market internally. Externally it was designed to be protectionist. I agree “free market” today is insane. Initially the federal governments only source of revenue was tariffs, so it would protect domestic production. This makes the US independent and wealthy. You can’t have an international “free market” system unless you don’t want to protect domestic produc…

> Lol the whole point of the US design was to allow the free market internally Dear reader, this was not true in any shape.

Compared to Articles of Confederation?

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#124

Post by bloodyplonker22 »

pm90 wrote: post #20

WaPo article, which has more details about the bill and less details about what different “personalities” are saying: https://www.washingtonpost.com/politics/2022/07/27/senate-ch... . Overall, it looks great. We absolutely need to fund more semiconductor manufacturing. Losing that ability to China/Taiwan was just a terrible strategic mistake. The US hasn’t lost this battle (over semiconductors) just yet. While curren…

> Losing that ability to China/Taiwan was just a terrible strategic mistake.

More like losing that ability to Taiwan's TSMC and South Korea's Samsung. China's SMIC is very far behind and has insignificant market share. Additionally, it's rather insulting to non-communists when you mishmash together China and Taiwan.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#125

Post by gscott »

Alupis wrote: post #90
phkahler wrote: post #77

Earlier quoted context omitted.

>> Or, chips just become 20% more expensive in the US and the consumer loses... and the US still doesn't gain supply chain security. Push it up 50 percent. This quarter trillion dollars is going straight on the debt pile so it will hurt a lot, just not today.

Without getting political - does it even matter anymore? Trillions of dollars were just thrown out the window to whoever could catch some... and few if anyone has any idea where most of it actually went. At least this money will have a tangible, appreciable outcome. Supply chain security for such critical things such as chips is really hard to overstate the importance of for the US.

We inflate away our national debt anyway so in future dollars that is a few hundred billion at most.

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#128

Post by haroldp »

LMYahooTFY wrote: post #47
wbsss4412 wrote: post #35

Earlier quoted context omitted.

It definitely isn’t, but at this point “free market” has been watered down so heavily it gets used improperly all the time. It’s more of a political slogan than an actual policy.

A "free market" isn't borderless. There's virtually no precedent for that.

Commerce between the States?

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#129

Post by Someone1234 »

It should be noted that the US decided not to extend the universal free school meals program, because it was "too expensive" at $11B. They also stopped the expanded and early payment of family tax credits, causing a double-whammy hit to poor families (then pile on inflation/food prices, and gas prices). But $50B to large monopolistic companies isn't "too expensive," and we can afford that.

Unfortunately 52 senators get to control the agenda, and they get to decide what is "affordable" and "too expensive."

Re: Senate passes bipartisan bill to subsidize U.S.-made semiconductor chips

#130

Post by lazide »

ApolloFortyNine wrote: post #118
acchow wrote: post #88

Earlier quoted context omitted.

> Can you imagine a world where US airlines had to depend on either Airbus or Sukhoi planes? Do you really think that would be better? Are we going to pretend 737MAX wasn't grounded for a year and half after 2 devastating crashes killing 346 people? I think a world without Boeing would have been clearly better?

>Are we going to pretend 737MAX wasn't grounded for a year and half after 2 devastating crashes killing 346 people? I think a world without Boeing would have been clearly better? I seriously think you should consider reading the history of air travel, they don't say "regulations are written down in blood" for no reason. There's been many an accident due to a mechanical fault that's eventually remedied. Its a tragedy…

Big difference between a mechanical fault and what appears to be regulatory capture from a monopolizing entity causing a very sketchy product to be approved in a safety critical role - which then kills a lot of people.
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