Senate passes $250 billion bipartisan tech and manufacturing bill

**Jack** · 06-09-2021, 04:23 AM

https://www.cnbc.com/2021/06/08/sena...-at-china.html

"Among its many provisions, the bill provides $52 billion to fund the semiconductor research, design, and manufacturing initiatives."

**Jack** · 06-09-2021, 04:24 AM

"President Joe Biden applauded the bill’s passage: “As other countries continue to invest in their own research and development, we cannot risk falling behind.”

Is this Communism?

**Jack** · 06-09-2021, 04:26 AM

"The Senate on Tuesday passed one of the largest industrial bills in U.S. history in a bipartisan effort to ensure the U.S. remains competitive with China as one of the globe’s technological powerhouses."
"The bill, which passed the chamber 68-32, commits roughly $250 billion in funding for scientific research, subsidies for chipmakers and robot makers, and an overhaul of the National Science Foundation."

**Jack** · 06-09-2021, 04:30 AM

"The largest part of the U.S. Innovation and Competition Act is a proposal previously known as “Endless Frontier,” written by Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Todd Young, R-Ind."
"Endless Frontier overhauls the National Science Foundation, appropriate tens of billions for the NSF between fiscal 2022 and 2026, and establish a Directorate for Technology and Innovation."

Directorate? Boy ... this sounds like something out of the Soviet Union.

**Jack** · 06-09-2021, 04:33 AM

“Around the globe, authoritarian governments believe that squabbling democracies like ours can’t unite around national priorities,” he added. “Well, let me tell you something: I believe that they are wrong. I believe that this legislation will enable the United States to out-innovate, out-produce, and out-compete the world in the industries of the future.”

Will any of JPP Right Wing scholars oppose this?

**Darth Omar** · 06-09-2021, 04:43 AM

Originally Posted by Jack

"President Joe Biden applauded the bill’s passage: “As other countries continue to invest in their own research and development, we cannot risk falling behind.”

Is this Communism?

More like MAGA lol.

**Cypress** · 06-09-2021, 05:09 AM

Originally Posted by Jack

"President Joe Biden applauded the bill’s passage: “As other countries continue to invest in their own research and development, we cannot risk falling behind.”

Is this Communism?

I do not know who the 34 senators who voted against it are, but it shows that at least some Republicans have conceded that liberals have been right all along about the efficacy of an interventionist government in the economy and markets.

**cancel2 2022** · 06-09-2021, 05:14 AM

Originally Posted by Jack

"The largest part of the U.S. Innovation and Competition Act is a proposal previously known as “Endless Frontier,” written by Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Todd Young, R-Ind."
"Endless Frontier overhauls the National Science Foundation, appropriate tens of billions for the NSF between fiscal 2022 and 2026, and establish a Directorate for Technology and Innovation."

Directorate? Boy ... this sounds like something out of the Soviet Union.

The Green New Deal is certainly reminiscent of the Soviet Union's five year plans. Just substitute windmills and solar bird cookers for tractors and Ladas.

**/MSG/** · 06-09-2021, 06:46 AM

Originally Posted by Jack

“Around the globe, authoritarian governments believe that squabbling democracies like ours can’t unite around national priorities,” he added. “Well, let me tell you something: I believe that they are wrong. I believe that this legislation will enable the United States to out-innovate, out-produce, and out-compete the world in the industries of the future.”

Will any of JPP Right Wing scholars oppose this?

I don't think anyone here works for the Federal Reserve or the EPA, so probably not. But those entities will.

**Jack** · 06-09-2021, 02:28 PM

Originally Posted by Primavera

The Green New Deal is certainly reminiscent of the Soviet Union's five year plans. Just substitute windmills and solar bird cookers for tractors and Ladas.

This isn't 'the Green New Deal'. Try to stay focused on the Topic.

**Jack** · 06-09-2021, 02:29 PM

Originally Posted by /MSG/

I don't think anyone here works for the Federal Reserve or the EPA, so probably not. But those entities will.

Any chance you, or someone you know, could translate this into understandable English?

**Sailor** · 06-09-2021, 02:33 PM

Originally Posted by Jack

https://www.cnbc.com/2021/06/08/sena...-at-china.html

"Among its many provisions, the bill provides $52 billion to fund the semiconductor research, design, and manufacturing initiatives."

Interesting concept. Biden will fuck it up.

**Jack** · 06-09-2021, 02:34 PM

Originally Posted by Darth Omar

More like MAGA lol.

Yes. That is the Basic Concept of 'National Champions'.

"National champions are corporations which are technically private businesses but due to governmental policy are ceded a dominant position in a national economy. In this system, these large organizations are expected not only to seek profit but also to "advance the interests of the nation"; the government sets policies which favor these organizations.Wikipedia"

Usually, Right-Wing Toadies go berserk over this. They refer to it as 'picking winners', or 'tilting the Playing Field', or 'Government interference' in the Free Market.

**Jack** · 06-09-2021, 02:35 PM

Originally Posted by Sailor

Interesting concept. Biden will fuck it up.

It's an old concept. 'Biden' won't be doing any research.

**Matt Dillon** · 06-09-2021, 02:36 PM

Originally Posted by Jack

https://www.cnbc.com/2021/06/08/sena...-at-china.html

"Among its many provisions, the bill provides $52 billion to fund the semiconductor research, design, and manufacturing initiatives."

In America? They're going to manufacture them in America?

On the surface, this seems like great news!

Forgive me if I'm leary of anything involving Schumer, though.