Saturday, December 14, 2024

MORE PICKING OF WINNERS AND LOSERS

By Bob Walsh



The Biden administration just announced that they are kicking down $225 million to Bosch to open a semi-conductor production facility in Roseville, CA.  Assuming it does not turn into another Solyndra this facility will produce 40% of the silicone carbide chips in this country.  

The public-private partnership being pimped by Senile Joe could eventually kick down $1.9 billion to Bosch according to today's Sacramento PRAVDA (known sometimes as the Bee).  

This move is expected to bring in 1,000 construction jobs and 700 permanent manufacturing jobs for this facility alone.  It is hoped to be operational by 2026, though I would not bet on that.  There is still a huge BIG BUSINESS IS EVIL, MANUFACTURING IS EVIL power base in CA that can piss in the soup for years if needs be.  

I do think that it is imperative that we start making critical manufactured goods in this country again.  Doing it with an American subsidiary of a foreign company may or may not be the way to go, and I am still bothered by the government picking winners and losers.  That being said, we will no doubt see what shakes out.

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