Quote:
Originally Posted by Dave O
You missed my point entirely. The US at one time was self sufficient. We didn't rely on other countries for critical supplies. Most recently, China was very close to buying one of our last steel manufactures until we stopped it. We rely much to heavily on others for critical pharmaceuticals. Chip making is mainly outsourced as well. During covid we couldn't get the critical pharmaceuticals we needed. Many automotive manufacturing plants shut down because we couldn't get the chips we need that cars now depend on. We finally have someone that is saying this has to stop. We need to bring some of this critical manufacturing back.
I'll say it again. We may not like how it was implemented, but we have to give it some time to see where it all shakes out.
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That was the reason for the CHIPS Act - totaling more than half a trillion dollars in private investments, and creating over 500,000 American jobs.