As for the 3 years under Biden? The Infrastructure
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(Total Views: 148)
Posted On: 08/24/2023 10:05:59 PM
As for the 3 years under Biden? The Infrastructure and Chips and Science Bills have done more for the economy than anything Trump did in four years.
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> > inflation, we’ll have to squint to see anything “transformative.” < <
President Joe Biden’s only legislative accomplishment is the Infrastructure Investment and Jobs Act, signed about 100 days ago. The $1.2 trillion law is supposed to “rebuild the backbone of this nation,” as Biden said.
But a trillion-and-change dollars doesn’t buy as much back surgery as it used to. Thanks to runaway inflation, we’ll have to squint to see anything “transformative.”
The law was always going to be less “historic” than the president billed it.
No matter who is president, the country spends tens of billions of dollars every year on roads, bridges, flood protection, transit and the like. In December 2015, President Barack Obama signed into law a $305 billion, five-year plan, meaning $61 billion a year. Spread over 50 states, it (mostly) kept the bridges from falling down.
What about the latest law? Despite the 10-figure price tag, it provides only $550 billion in new spending, over the new Obama-level normal, over a decade. That is, $55 billion a year.
https://nypost.com/2022/03/01/bidens-building...vestments/
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> > US is experiencing an unprecedented shortage of tech talent, < <
The lion’s share of the funding in the bill — $39 billion — goes toward incentives to build new chip foundries. There’s also $2 billion for legacy chipmakers who make products critical to automotive and defense systems, $13.2 billion for research and workforce development, and $500 million for supply chain and networking security.
The question is whether that's enough. And once companies break ground on new manufacturing facilities, will they have access to enough tech talent to staff the facilities? Currently, the US is experiencing an unprecedented shortage of tech talent, especially in the semiconductor sector
https://www.computerworld.com/article/3676128...-jobs.html
Nothing NEW withYOU and your Fucking Stupid Talk > > Head Shake The puTzz
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> > inflation, we’ll have to squint to see anything “transformative.” < <
President Joe Biden’s only legislative accomplishment is the Infrastructure Investment and Jobs Act, signed about 100 days ago. The $1.2 trillion law is supposed to “rebuild the backbone of this nation,” as Biden said.
But a trillion-and-change dollars doesn’t buy as much back surgery as it used to. Thanks to runaway inflation, we’ll have to squint to see anything “transformative.”
The law was always going to be less “historic” than the president billed it.
No matter who is president, the country spends tens of billions of dollars every year on roads, bridges, flood protection, transit and the like. In December 2015, President Barack Obama signed into law a $305 billion, five-year plan, meaning $61 billion a year. Spread over 50 states, it (mostly) kept the bridges from falling down.
What about the latest law? Despite the 10-figure price tag, it provides only $550 billion in new spending, over the new Obama-level normal, over a decade. That is, $55 billion a year.
https://nypost.com/2022/03/01/bidens-building...vestments/
=================================================
> > US is experiencing an unprecedented shortage of tech talent, < <
The lion’s share of the funding in the bill — $39 billion — goes toward incentives to build new chip foundries. There’s also $2 billion for legacy chipmakers who make products critical to automotive and defense systems, $13.2 billion for research and workforce development, and $500 million for supply chain and networking security.
The question is whether that's enough. And once companies break ground on new manufacturing facilities, will they have access to enough tech talent to staff the facilities? Currently, the US is experiencing an unprecedented shortage of tech talent, especially in the semiconductor sector
https://www.computerworld.com/article/3676128...-jobs.html
Nothing NEW withYOU and your Fucking Stupid Talk > > Head Shake The puTzz
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