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| Bill to turbocharge U.S. industrial sector with $50B seed money for new federal bank. (Page 1/1) |
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rinselberg
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AUG 19, 08:22 PM
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A coalition is coalescing around the Industrial Finance Corporation Act of 2021, sponsored by 7 U.S. Senators, all Democrats.
| quote | | The legislation has been endorsed by the Information Technology and Innovation Foundation (ITIF), the Niskanen Center, the Berggruen Institute, MForesight, The Engine, and the National Defense Industrial Association. |
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U.S. Senator for Delaware, Chris Coons; August 12, 2021.
https://www.coons.senate.go...vestment-corporation
Condensed into just two viewgraph-style pages, the senators provide a simple overview of why they support this bill.
https://www.coons.senate.go...FCUS%20117%20v.2.pdf
Extrapolating from a press release from May 18, Republican Senator Marco Rubio might be among those who would support this bill,
"Rubio Argues for American Industrial Policy in Legislative Efforts to Combat China"
https://www.rubio.senate.go...orts-to-combat-china
Atlantic Magazine staff writer Robinson Meyer has given the idea a "thumbs up."
| quote | The decline of American manufacturing is one of those problems that everyone knows about, but that nobody seems to know how to fix. Tariffs and tax credits have failed to much improve the situation. Instead, we hear excuses: Labor is too expensive in the United States, or energy is too costly. (In fact, some of the richest countries in Europe have no problem maintaining a manufacturing sector, and the U.S. enjoys significantly lower electricity costs than China.)
Perhaps the problem is simpler: The U.S. doesn’t have a high-end manufacturing sector because nobody will finance one. Small and medium-size American companies now struggle to borrow the billions of dollars necessary to finance a new factory, especially if those loans take 10 or 20 years to pay out.
“The U.S. financial system isn’t very good at funding things that have very modest returns and take a long time for those returns to be realized,” Nahm said. You could be the most talented engineer of your generation and launch an advanced battery start-up out of MIT, he said, and you would still battle to obtain the $3 billion needed to finance a new production line. More established firms cannot access “patient capital” either, he said: Where they once would have borrowed from local banks, many of those institutions have since been absorbed into national chains. |
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"The Bill That Could Truly, Actually Bring Back U.S. Manufacturing"
Robinson Meyer for The Atlantic; August 18, 2021.
https://www.theatlantic.com...-corporation/619793/[This message has been edited by rinselberg (edited 08-19-2021).]
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randye
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AUG 19, 10:24 PM
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Just out of curiosity what search criteria do you use to come up with your never-ending flow of cut & paste crap?
Do you type "List of really stupid Leftist ideas" into Google or do you just cherry pick them from one of the Leftist idiot websites?
Hey! Heres a great idea. Why don't YOU contact your "7 Demorat Senators" and tell THEM to cough up $7 BILLION each OF THEIR OWN DAMN MONEY for their fairy, dust, unicorn farts and magic beans bank and stay the hell out of the taxpayer's wallets.
You Leftists are always so damn eager to risk and spend OTHER PEOPLE'S MONEY.[This message has been edited by randye (edited 08-20-2021).]
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rinselberg
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AUG 19, 10:40 PM
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Why would I reveal my trade secrets to a grotty little wheelchair pilot who's busy stinking up the air near Tampa Bay?
Was it a stroke? That could explain the emotional imbalance that makes you such a tiresome, endlessly repetitive and thoroughly stupid online troll. Neurological damage.
HAGO. I won't be back to see whatever new stupidity you add to this thread.
| quote | Originally posted by randye:
Just out of curiosity what search criteria do you use to come up with your never-ending flow of cut & paste crap?
Do you type "List of really stupid Leftist ideas" into Google or do you just cherry pick them from one of the Leftist idiot websites? |
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[This message has been edited by rinselberg (edited 08-19-2021).]
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randye
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AUG 20, 12:41 AM
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| quote | Originally posted by rinselberg:
Why would I reveal my trade secrets to a grotty little wheelchair pilot who's busy stinking up the air near Tampa Bay?
Was it a stroke? That could explain the emotional imbalance that makes you such a tiresome, endlessly repetitive and thoroughly stupid online troll. Neurological damage.
HAGO. I won't be back to see whatever new stupidity you add to this thread.
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Awwww...Don't go away mad.
Just go away.
| quote | Originally posted by rinselberg:
His hope is to provoke me into posting some long or particularly ugly string of obscenities about him, so that he can report it to Cliff Pennock.
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Quite obviously anything and everything "provokes" you.
That is called "a lack of self control".
| quote | Originally posted by rinselberg:
Viva la revolución del 15 de agosto
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Esa revolución será tu desaparición.[This message has been edited by randye (edited 08-20-2021).]
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rinselberg
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AUG 20, 09:43 AM
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| quote | Originally posted by rinselberg:
Why would I reveal my trade secrets to a grotty little wheelchair pilot who's busy stinking up the air near Tampa Bay? |
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Not wheelchair "pilot."
Wheelchair jockey.
"Wheelchair jockey" provides the dismissive and intentionally disrespectful connotation that is fully called for, in this context. Or so I think. It's not a common usage, or something that could be found in a style guide for reporters and article writers.
Maybe I need to research the Paralympics (etc.) but this is my current "take" on it.
 [This message has been edited by rinselberg (edited 08-20-2021).]
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olejoedad
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AUG 20, 12:37 PM
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No matter the status of a Forum members personal mobility situation, it certainly says a lot about any person that would ridicule a person with a handicap.
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randye
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AUG 20, 01:16 PM
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| quote | Originally posted by olejoedad:
No matter the status of a Forum members personal mobility situation, it certainly says a lot about any person that would ridicule a person with a handicap.
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As well as that same person attempting / advocating the false reporting of a federal crime by a forum member to the FBI[This message has been edited by randye (edited 08-20-2021).]
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