4 ms·

I would trust his first statement more than his second. He only backed off after he faced criticism that could affect the congressman's election. The CHIPS act

by wumeow 2y ago

I would trust his first statement more than his second. He only backed off after he faced criticism that could affect the congressman's election. The CHIPS act is a huge Biden policy win so you can bet the GOP will want to repeal it.

kurthr 2y ago
Here was his statement: https://youtu.be/hzwQXL77VVA?t=64 https://youtu.be/hzwQXL77VVA?t=64
brutal_chaos_ 2y ago
My hunch is something like NAFTA -> USMCA would happen with CHIPS. Repeal and replace with basically the same to make it look like a GOP win.
- tzs 2y ago
  Here's what he said about it last month when interviewed by Joe Rogan: > We put up billions of dollars for rich companies to come in and borrow the money and build chip companies here, and they’re not going to give us the good companies anyway. and > When I see us paying a lot of money to have people build chips, that’s not the way. You didn’t have to put up 10 cents, you could have done it with a series of tariffs. In other words, you tariff it so high that they will come and build their chip companies for nothing. That really doesn't sound like it is something he'd just do some minor tweaks to and change the name like he did with NAFTA. If he does go through with the large tariff approach, something to keep in mind is that usually when you impose tariffs on imports there are retaliatory tariffs imposed on your exports. The US chip making industry makes 82% of its sales from exports.
  - disgruntledphd2 2y ago
    Most of the factories are being built in Republican areas, so I'd be really surprised if they actually got rid of it. The rebranding seems more likely to me, but then the GOP have surprised me a lot in the last decade.
    - alephnerd 2y ago
      I wouldn't be too worried. Sen. Bill Hagerty is in the running for Commerce Secretary (Commerce is the department that runs the CHIPS Act), and he crossed the aisle on a number of semiconductor related legislation.
alephnerd 2y ago
> The CHIPS act is a huge Biden policy win I'm a huge fan of the CHIPS Act, but most Americans have not heard of it [0]. That lack of noteriety is what protects it. Doesn't hurt that most deal flow is in purple districts, so most shit-slingers tend to be far removed and shut up pretty quickly after a quick rebuke from Party Chairs about how close the election is. [0] - https://www.politico.com/f/?id=0000018f-3fe4-dc61-adff-7fe53b150000 https://www.politico.com/f/?id=0000018f-3fe4-dc61-adff-7fe53...
- dylan604 2y ago
  Protects it? I think it makes it even more of a ripe target since nobody's heard of it and won't get up in arms about something they've not heard of. It's a low cost in political capital for them to undo it. Plus, if nobody has heard of it, they can definitely claim it as something they created and claim the victory in their echo chambers
  - alephnerd 2y ago
    It's too niche to be a wedge issue nationally, but most investment is primarily in purple districts which makes it dangerous for either party to oppose it without having a downstream impact in donations and even a primary challenge in 2 years. Same reason why Brandon Williams quickly shut up Mike Johnson even though Mike Johnson could make his life in the GOP and the House hell (not all offices in the CBO have air conditioning despite hellish humidity) - he'd rather keep his seat (NY-22) even if it meant undermining his boss.
Loughla 2y ago
>The CHIPS act is a huge Biden policy win so you can bet the GOP will want to repeal it. It does seem like politics at the presidency now is less about what you'll do and more about undoing everything the other side did during their time in office, regardless of utility or popularity of what it is. Is it me or is this worse now? Had it always been like that and I'm just now seeing it?
- shigawire 2y ago
  It is mostly that way for the GOP since the Newt Gingrich era. Not that the Dems don't undo things... But they add to policy as well. GOP does culture war, tear stuff down mostly.
- dboreham 2y ago
  Everything is worse now.

by wumeow 2y ago

kurthr 2y ago

Here was his statement: https://youtu.be/hzwQXL77VVA?t=64 https://youtu.be/hzwQXL77VVA?t=64

brutal_chaos_ 2y ago

My hunch is something like NAFTA -> USMCA would happen with CHIPS. Repeal and replace with basically the same to make it look like a GOP win.

tzs 2y ago
Here's what he said about it last month when interviewed by Joe Rogan: > We put up billions of dollars for rich companies to come in and borrow the money and build chip companies here, and they’re not going to give us the good companies anyway. and > When I see us paying a lot of money to have people build chips, that’s not the way. You didn’t have to put up 10 cents, you could have done it with a series of tariffs. In other words, you tariff it so high that they will come and build their chip companies for nothing. That really doesn't sound like it is something he'd just do some minor tweaks to and change the name like he did with NAFTA. If he does go through with the large tariff approach, something to keep in mind is that usually when you impose tariffs on imports there are retaliatory tariffs imposed on your exports. The US chip making industry makes 82% of its sales from exports.
- disgruntledphd2 2y ago
  Most of the factories are being built in Republican areas, so I'd be really surprised if they actually got rid of it. The rebranding seems more likely to me, but then the GOP have surprised me a lot in the last decade.
  - alephnerd 2y ago
    I wouldn't be too worried. Sen. Bill Hagerty is in the running for Commerce Secretary (Commerce is the department that runs the CHIPS Act), and he crossed the aisle on a number of semiconductor related legislation.

alephnerd 2y ago

> The CHIPS act is a huge Biden policy win I'm a huge fan of the CHIPS Act, but most Americans have not heard of it [0]. That lack of noteriety is what protects it. Doesn't hurt that most deal flow is in purple districts, so most shit-slingers tend to be far removed and shut up pretty quickly after a quick rebuke from Party Chairs about how close the election is. [0] - https://www.politico.com/f/?id=0000018f-3fe4-dc61-adff-7fe53b150000 https://www.politico.com/f/?id=0000018f-3fe4-dc61-adff-7fe53...

dylan604 2y ago
Protects it? I think it makes it even more of a ripe target since nobody's heard of it and won't get up in arms about something they've not heard of. It's a low cost in political capital for them to undo it. Plus, if nobody has heard of it, they can definitely claim it as something they created and claim the victory in their echo chambers
- alephnerd 2y ago
  It's too niche to be a wedge issue nationally, but most investment is primarily in purple districts which makes it dangerous for either party to oppose it without having a downstream impact in donations and even a primary challenge in 2 years. Same reason why Brandon Williams quickly shut up Mike Johnson even though Mike Johnson could make his life in the GOP and the House hell (not all offices in the CBO have air conditioning despite hellish humidity) - he'd rather keep his seat (NY-22) even if it meant undermining his boss.

Loughla 2y ago

>The CHIPS act is a huge Biden policy win so you can bet the GOP will want to repeal it. It does seem like politics at the presidency now is less about what you'll do and more about undoing everything the other side did during their time in office, regardless of utility or popularity of what it is. Is it me or is this worse now? Had it always been like that and I'm just now seeing it?

shigawire 2y ago
It is mostly that way for the GOP since the Newt Gingrich era. Not that the Dems don't undo things... But they add to policy as well. GOP does culture war, tear stuff down mostly.
dboreham 2y ago
Everything is worse now.