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IRA (re-industrialized a significant portion of Red states in Power Systems, Battery, and Solar PV manufacturing), CHIPS (bringing back mass semiconductor fabri

IRA (re-industrialized a significant portion of Red states in Power Systems, Battery, and Solar PV manufacturing), CHIPS (bringing back mass semiconductor fabrication with 5 mega fabs and re-introducing packaging and OSAT in the US), Infra Bill/IIJA, and Child Tax Credit during COVID. There's a reason the GOP aren't touching most of the provisions in the first 3 Acts (especially with Vance as Veep). [0][1] Vance is backed by Horowitz and Andreessen, and both heavily benefited from the IRA and CHIPS various provisions (but got hit by the capital gains tax changes that Biden proposed a couple months ago [2]). The biggest issue was the Biden admin's inability to promote the impact of all of these. Biden hasn't been campaigning across America as much as his predecessors. [0] - https://www.eiu.com/n/us-election-its-impact-on-industrial-policy/ https://www.eiu.com/n/us-election-its-impact-on-industrial-p... [1] - https://www.eiu.com/n/us-election-its-impact-on-us-trade-policy/ https://www.eiu.com/n/us-election-its-impact-on-us-trade-pol... [2] - https://a16z.com/the-little-tech-agenda/ https://a16z.com/the-little-tech-agenda/

jjtheblunt 2y ago
some have a delay until the benefits are evident, too, and a delay longer than roughly a half an election cycle makes them perhaps semi invisible?
- alephnerd 2y ago
  You can still campaign during a groundbreaking. The issue was Biden was over-managed because of his reputation of "Bidenisms" for which he has been mocked about for decades [0][1] This meant he kept campaigning to a minimum and was extremely managed. It kept gaffes to a minimum but also severely decreased his media time. [0] - https://www.washingtonpost.com/politics/joe-biden-unspools-an-endless-supply-of-biden-isms-on-the-campaign-trail/2020/01/24/475033b4-3eba-11ea-b90d-5652806c3b3a_story.html https://www.washingtonpost.com/politics/joe-biden-unspools-a... [1] - https://www.politico.com/magazine/story/2014/02/joe-biden-bidenisms-103689/ https://www.politico.com/magazine/story/2014/02/joe-biden-bi...
  - deleted 2y ago
    [deleted]
- js2 2y ago
  Ford is building a battery plant in Stanton TN based on grants from the IRA and Biden administration, creating thousands of jobs in a county that has been in economic decline for 30 years. But none of the folks working those jobs have any idea where those jobs came from. They just credit Ford: > MADLAND: Yeah, I talked to a lot of workers on the site, and this is this very large facility in rural Tennessee, a couple hours outside of Memphis. It's going to be a big electric vehicle battery and manufacturing construction in an area that had for 20, 30 years, really tried to spur investment, and nothing had happened. [...] So these big steps forward in their lives that you can see from these projects, which are good union jobs, constructing the big facility. Then when I also spoke to them and said, well, how or why do you think this project came to be? This project received many billions of dollars in loans from the federal government as part of these investments we're talking about. It also received significant state funding. And the workers to unanimously said, Well, I credit Ford, which is the big Ford Motor Company as a joint investment there. And then I would probe and push and they'd say, Well, I also credit my union for helping make this happen. I had to keep asking and asking before ever mention any elected officials that had anything to do with it. But their sentiment was, well, if any, elected official had anything to do with it. So I would like that and support them, but I have no idea about this. https://www.bloomberg.com/graphics/2023-ford-ev-battery-plant-funding-biden-green-technology/ https://www.bloomberg.com/graphics/2023-ford-ev-battery-plan... https://apnews.com/article/ford-electric-vehicles-battery-tennessee-kentucky-531ded8784a0c64cf3f780bcd232879a https://apnews.com/article/ford-electric-vehicles-battery-te... https://www.npr.org/transcripts/g-s1-9460 https://www.npr.org/transcripts/g-s1-9460
riku_iki 2y ago
Its easy to create spending bills with 1.7T annual budget deficit, harder to understand if there will be positive ROI from these spendings.
- alephnerd 2y ago
  I can safely speak for myself - the fund I was employed at had began rebalancing away from Cybersecurity and Biotech and funding Hardware, Energy Tech, and Defense Tech around 22-23 due to provisions in IRA and CHIPS. Plenty of peer funds did the same thing. Even if Trump wins in November, most of the provisions in the acts I mentioned will be retained, especially given that a Thiel and A16Z acolyte is Veep and an early MS alum is cabinet track.
  - riku_iki 2y ago
    rebelancing funds don't guarantee future successful and competitive products
    - alephnerd 2y ago
      Before 2022 we weren't even entertaining the option of funding an early stage startup in the Hardware, Energy, or Defense space. This is a MASSIVE change in the VC/PE industry which has concentrated on various flavors of SaaS for the past decade+. An entire ecosystem of research grants, commercialization grants, and private sector deal flow has now restarted in the sectors above that hasn't been seen in the past decade.
      - riku_iki 2y ago
        I absolutely sure if there is few T of free money there will be "MASSIVE ecosystem of research grants, commercialization grants, and private sector deal flow". But I believe in market economy, and to me it looks like VC/PE didn't invest into hardware much because didn't believe in positive ROI in current condition.
        2y ago

jjtheblunt 2y ago

some have a delay until the benefits are evident, too, and a delay longer than roughly a half an election cycle makes them perhaps semi invisible?

alephnerd 2y ago
You can still campaign during a groundbreaking. The issue was Biden was over-managed because of his reputation of "Bidenisms" for which he has been mocked about for decades [0][1] This meant he kept campaigning to a minimum and was extremely managed. It kept gaffes to a minimum but also severely decreased his media time. [0] - https://www.washingtonpost.com/politics/joe-biden-unspools-an-endless-supply-of-biden-isms-on-the-campaign-trail/2020/01/24/475033b4-3eba-11ea-b90d-5652806c3b3a_story.html https://www.washingtonpost.com/politics/joe-biden-unspools-a... [1] - https://www.politico.com/magazine/story/2014/02/joe-biden-bidenisms-103689/ https://www.politico.com/magazine/story/2014/02/joe-biden-bi...
- deleted 2y ago
  [deleted]
js2 2y ago
Ford is building a battery plant in Stanton TN based on grants from the IRA and Biden administration, creating thousands of jobs in a county that has been in economic decline for 30 years. But none of the folks working those jobs have any idea where those jobs came from. They just credit Ford: > MADLAND: Yeah, I talked to a lot of workers on the site, and this is this very large facility in rural Tennessee, a couple hours outside of Memphis. It's going to be a big electric vehicle battery and manufacturing construction in an area that had for 20, 30 years, really tried to spur investment, and nothing had happened. [...] So these big steps forward in their lives that you can see from these projects, which are good union jobs, constructing the big facility. Then when I also spoke to them and said, well, how or why do you think this project came to be? This project received many billions of dollars in loans from the federal government as part of these investments we're talking about. It also received significant state funding. And the workers to unanimously said, Well, I credit Ford, which is the big Ford Motor Company as a joint investment there. And then I would probe and push and they'd say, Well, I also credit my union for helping make this happen. I had to keep asking and asking before ever mention any elected officials that had anything to do with it. But their sentiment was, well, if any, elected official had anything to do with it. So I would like that and support them, but I have no idea about this. https://www.bloomberg.com/graphics/2023-ford-ev-battery-plant-funding-biden-green-technology/ https://www.bloomberg.com/graphics/2023-ford-ev-battery-plan... https://apnews.com/article/ford-electric-vehicles-battery-tennessee-kentucky-531ded8784a0c64cf3f780bcd232879a https://apnews.com/article/ford-electric-vehicles-battery-te... https://www.npr.org/transcripts/g-s1-9460 https://www.npr.org/transcripts/g-s1-9460

riku_iki 2y ago

Its easy to create spending bills with 1.7T annual budget deficit, harder to understand if there will be positive ROI from these spendings.

alephnerd 2y ago
I can safely speak for myself - the fund I was employed at had began rebalancing away from Cybersecurity and Biotech and funding Hardware, Energy Tech, and Defense Tech around 22-23 due to provisions in IRA and CHIPS. Plenty of peer funds did the same thing. Even if Trump wins in November, most of the provisions in the acts I mentioned will be retained, especially given that a Thiel and A16Z acolyte is Veep and an early MS alum is cabinet track.
- riku_iki 2y ago
  rebelancing funds don't guarantee future successful and competitive products
  - alephnerd 2y ago
    Before 2022 we weren't even entertaining the option of funding an early stage startup in the Hardware, Energy, or Defense space. This is a MASSIVE change in the VC/PE industry which has concentrated on various flavors of SaaS for the past decade+. An entire ecosystem of research grants, commercialization grants, and private sector deal flow has now restarted in the sectors above that hasn't been seen in the past decade.
    - riku_iki 2y ago
      I absolutely sure if there is few T of free money there will be "MASSIVE ecosystem of research grants, commercialization grants, and private sector deal flow". But I believe in market economy, and to me it looks like VC/PE didn't invest into hardware much because didn't believe in positive ROI in current condition.
      - 2y ago