Companies decided to sink billions of dollars of new investment into manufacturing plants in the U.S. after the CHIPS and Inflation Reduction Act boosted incentives for U.S. production,
Check out that spike in manufacturing plant construction. It dwarfs all prior increases.
📉📈 #️⃣#️⃣
Why is the Biden administration talking tough on Wall Street, buybacks, dividends, etc and while puking subsidies on chip companies doing exactly that?
They are offering incentives for companies to invest in U.S. manufacturing & it's working.
You try to make it sound bad by calling it "puking" but a lot of Americans share this goal & will welcome these new developments.
