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Home Front: Politix
$250 BILLION bill to compete with China approved: Dems and Reps unite to back investment in research, AI and semiconductor production to win science and tech race with Beijing
2021-06-09
[Daily Mail, where America gets its news]
  • Senate on Tuesday voted 68-32 in favor of the new spending

  • Supporters said it was the largest investment in science and tech in decades

  • Joe Biden said he hopes to have it on his desk to sign soon

  • The bill is designed to take on America's rivals, mainly China

  • Much of the cash is to increase semiconductor development and manufacturing

  • The U.S. share of semiconductor manufacturing globally has steadily eroded from 37 per cent in 1990 to about 12 per cent now

  • That is despite demand for products which require the vital components ballooning
Posted by:Skidmark

#7  I've got this feeling that much of the money will be siphoned off to re-elect party cronies and rig elections to make this happen. Trump's America first polices were working until Covid-19 hit across the world.
Posted by: JohnQC   2021-06-09 14:30  

#6  ^^Talk to Israel...
Posted by: Skidmark   2021-06-09 14:25  

#5  ^Talk to Russians. Not only their expertise on managing sensitive information exceeds the Americans by orders of magnitude, their motivation to clip China's wings does as well.
Posted by: g(r)omgoru   2021-06-09 14:15  

#4  Why bother? Anything someone comes up with, they'll steal. Either through the usual poor computer security or the long traditional means of bribery.

Now creating false fronts which deal in dead end or ultimately failed/fake technology in sort of a honey trap, that would be an interesting investment.
Posted by: Procopius2k   2021-06-09 12:29  

#3  One wonders how much of it will be router to labs... in china. Lets ask Dr. Fraudci.
Posted by: CrazyFool   2021-06-09 11:40  

#2  ^ Exactly. Slap tariffs on China and then let good old American entrepreneurs do their thing. Won't cost the taxpayers a single penny.
Posted by: Abu Uluque   2021-06-09 11:36  

#1  Crony capitalism. It'll end up in the pockets of the politically connected, not the entrepreneurs we need. See: Solyndra.
Posted by: Nero   2021-06-09 10:00  

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