The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.
The funding announced Monday by the Commerce Department is part of a total investment in the cluster that, with private money, is expected to exceed $40 billion. The government support comes from the CHIPS and Science Act, which President Joe Biden signed into law in 2022 with the goal of reviving the production of advanced computer chips domestically.
“The proposed project will propel Texas into a state of the art semiconductor ecosystem,” Commerce Secretary Gina Raimondo said on a call with reporters. “It puts us on track to hit our goal of producing 20% of the world’s leading edge chips in the United States by the end of the decade.”
Raimondo said she expects the project will create at least 17,000 construction jobs and more than 4,500 manufacturing jobs.
Stupid, perhaps. But it’s important to realize they all live in the same bubble in DC, and thus experience the same groupthink. When Biden refers to his Republican colleagues as “his friends,” he genuinely means it. They hang out over food and happy hours, etc every day. They likely feel much closer bonds with each other than they do with their actual constituents back home.
This doesn’t fully explain why Dems are so bad at messaging and politics in general, but I think it’s a big contributor.