Bidenomics: Gives Intel $8.5 Billion Who Then Layoff 17,000 Workers

[Weatherman2020]

What a deal! We should give them another $8,500,000,000!

Intel’s massive job cuts come after it received $8.5 billion in taxpayer money

Intel announced this week it is cutting 15% of its workforce even after it received $8.5 billion in federal subsidies under the CHIPS and Science Act.

www.foxbusiness.com

 

[1srelluc]

When I did this the other day it was 15K....Where did they come up with the extra 2K?

 

[Edgetho]

Japan's Market, The Nikkei, lost over 12% in ONE day!! That's "Depression" territory, people.

Hit by U.S. Concerns​

Japan’s Nikkei Stock Average had its worst day since 1987, falling 12.4% in a frenzy of selling triggered by disappointing economic data in the U.S.

Our domestic markets are down terribly since the DNC pulled its switcheroo with Kamaltoe. Our DJIA is down over 2,300 points in the last three days.

When Markets lose confidence in government to do the right thing, they collapse. And with that collapse comes the loss of jobs and savings.

Inflation is, however, so bad that the Fed might not have any choice but to throw the economy into a major recession.

dimocrap scum kill growth, they kill innovation, they kill Capitalism and people are concerned that, if dimocrap scum get another 4 years in DC, we won't be able to grow ourselves out of our debt.

Go ahead, let dimocrap scum back into Office. See what happens.

 

[Weatherman2020]

When I did this the other day it was 15K....Where did they come up with the extra 2K?

The article.

 

[Doc7505]

Hey Democrats, how's Biden-omics working out for you. 20% inflation, high unemployment, supply side shortages, and high taxes.
We are facing a recession worse than 40 years ago and more akin to the Great Depression of the 30's.
This time there is no Industry left in America to bail us out.

Great Depression | Definition, History, Dates, Causes, Effects, & Facts | Britannica

The Great Depression was a worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.

www.britannica.com

 

[struth]

Remember when the left was saying Harris/Xiden chip plan was a massive success?

another sad victims of the Harris/Xiden economy