I was listening to the Thom Hartman show earlier today on SiriusXm.
He had Senator Bernie Sander’s on and Bernie gave a heads up on a new bill getting ready to drop next week for vote before Congress takes its summer recess.
It’s a bill for funding of semiconductor manufacturing in the US. They want these US companies to manufacture those electronics on US soil with American labor
Bernie gave a heads up that the bill is “No Strings Attached”. Which means it’s free money with no direct instructions on how to spend it.
It’s basically a similar bill to the 2008 TARP bailout pushed by the Bush administration. That was the money given to the banks to alleviate the mortgage crisis. It later came out the banks took the money and gave themselves bonus’. They weren’t required to pay any of it back.
The same with this bill. The hope is they will open plants in the US, create good paying jobs for Americans and having it so the US does not have to rely on foreign nations, which is a national security issue….if you been around long enough….then you know what’s gonna happen.
Bernie said he is not voting on it.
If it pass’, expect Biden, Schumer and top Democrats bragging about this is great for America, American workers and the economy. And the news media will push the narrative.
Keep your eye out next week.
Senate could proceed on slimmer, chip-focused China competitiveness bill next week
The U.S. Senate could begin work on a pared-down China competitiveness bill as soon as next week, with the goal of passing it through Congress before lawmakers depart Washington in August, NBC News reported Thursday.
Senate Majority Leader Chuck Schumer, D-N.Y., has told senators that a floor vote could come as early as Tuesday to kick off the legislation-writing process on a bill that includes billions in funding for semiconductor manufacturing, a source told NBC.
Lawmakers hope to send chip-funding legislation to President Joe Biden before Congress goes on its annual recess next month.
www.cnbc.com
www.nytimes.com
if you sit next to a racist at the Raiders game does that mean you are on his side?
