'TAKE 2' bill to boost U.S. industrial sector $50B seed money for new federal bank (Page 1/5)
rinselberg AUG 21, 12:54 PM
If anyone wants to see the content of this thread, the "jamming" or "spamming" from forum member "randye" can be defeated by using your browser's string search function to find occurrences of the search string "rinselberg" (without the quotation marks, of course) in the scrollable display area.

Most of the content comes towards the beginning of this very first page, but if anyone were to go with what I just said, they could find their way to another morsel (or two) of content that would otherwise not be so easy to find, because of all of the stupid spam.



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.

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.

"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 08-24-2021).]

randye AUG 21, 06:23 PM



So now you've sunk down to starting another thread by copying and pasting the exact same garbage that you already copied and pasted in the other thread.

That's a whole new, very weird, level of attention whoring.


I guess I can also repeat what I said in the other thread just so this little "groundhog day", repetitive nonsense, is complete....


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 08-21-2021).]

rinselberg AUG 21, 08:39 PM

quote
Originally posted by randye:
attention whoring



Attention Whoring?

That sounds pretty serious.

Maybe you should report me on that to the forum's moderator--if you haven't already.

The reason there is a "Take 2" is to be found in your own Reply message--the very first Reply message--to what was originally "Take 1."

Sometimes another forum member will surprise me with what they have to say about a report of this kind. About a bill that has sponsors in the U.S. Senate. And if not--why should it irritate you? That's the part I don't understand.

I don't think you do, either.

Or to put it another way, Attention Whoring "my ass."

[This message has been edited by rinselberg (edited 08-23-2021).]

randye AUG 22, 04:49 AM

quote
Originally posted by rinselberg:


Maybe you should report me on that to the forum's moderator








Both you and your banned buddy, bongdawg, believe that the forum rules apply to everyone except you.

That delusion didn't work out so well for him and it sure looks like, one way or the other, you're headed for the same fate.

olejoedad AUG 22, 09:23 AM
Double post edit....

And a double topic thread because of WhoTF knows......

[This message has been edited by olejoedad (edited 08-22-2021).]

olejoedad AUG 22, 09:25 AM
Surprise!

The Democrats want to start another slush fund to raid!

#45 showed America how to bring manufacturing roaring back to this country.

But the Socialists dumped that - you know, they weren't able to raid the piggy-bank of private investment funds or the incomes of the private sector employees.
( And if Trump did it, it must be dismantled because, you know - Trump did it)
So yeah, it only makes sense (to the Democrat thieves) to set up another taxpayer slush fund to enrich themselves and their cronies at taxpayer expense.

Anyone that supports this type of legislation is a dumbass.
rinselberg AUG 22, 01:41 PM

quote
Originally posted by randye:
Both you and your banned buddy, bongdawg, believe that the forum rules apply to everyone except you.

That delusion didn't work out so well for him and it sure looks like, one way or the other, you're headed for the same fate.


My buddy? Forum member "randye" was the one who couldn't stop talking about Boondawg for even as long as a New York minute.

But here's hoping that this "Take 2" on the proposal for a new, federally-owned investment bank doesn't go as far off the tracks (so to speak) as the first thread that I started on this topic.

If people want to discuss the full-on manic temperament of various Pennock's forum members, as displayed in their online remarks and conversation (or attempts at conversation), Manufacturing Investment Bank proposal "Take 1" would be an obvious place to start.

[This message has been edited by rinselberg (edited 08-22-2021).]

randye AUG 22, 05:05 PM

quote
Originally posted by rinselberg:


If people want to discuss the full-on manic temperament of various Pennock's forum members, as displayed in their online remarks and conversation (or attempts at conversation), Manufacturing Investment Bank proposal "Take 1" would be an obvious place to start.




YOU DO NOT GET TO TELL PEOPLE WHERE TO POST

However Cliff Pennock does



Tell everyone why you think that the forum rules somehow don't apply to you.
rinselberg AUG 22, 05:31 PM
For someone who seldom starts a New Topic himself, forum member "randye" is oddly (and manically) "all over" the few forum members that do.

[This message has been edited by rinselberg (edited 08-22-2021).]

randye AUG 22, 05:35 PM


Tell everyone why you think that the forum rules somehow don't apply to you.

[This message has been edited by randye (edited 08-22-2021).]