Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Economy

Baron2024

(1,492 posts)

1. Everyone Knows

Reply to Eugene (Original post)

Wed Mar 5, 2025, 10:42 PM

Mar 2025

Everyone knows that Trump is a dangerous idiot, and this is just another example. The CHIPS Act has invested something like $50 billion in taxpayer dollars so far. The estimate for the amount of private investment that this has stimulated is somewhere around $400 billion dollars. So you are literally talking about a net investment of hundreds of billions of dollars. That is an effective government program. Trump just wants it repealed because it is a Biden program, and he hates anything associated with Joe Biden. It damages Trump's fragile vanity and hurts his delicate ego.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

2 replies

= new reply since forum marked as read

Highlight:

Congressional Republicans 'don't see a huge appetite' for Trump's push to repeal the CHIPS Act [View all] Eugene Mar 2025 OP

Everyone Knows Baron2024 Mar 2025 #1

Why WOULD there be such? elleng Mar 2025 #2