Nowadays socialism is dressed up as billions of taxpayer dollars given to chipmakers

 

The whole point of stories like this is to make you think "crony capitalism" isn't a description of what's been going on and continues to go on right now

 

 Ken Griffin just hates tariffs, which funded the (necessarily very small) federal government until the 20th century.

Meanwhile he's afraid the 12,000 lobbyists which already populate Washington procuring handouts like the Chips Act's billions of dollars for businesses will be replaced with 12,000 other ones lobbying for something else, ROFLMAO.

 

 Citadel’s Ken Griffin says Trump’s tariffs could lead to crony capitalism

“I am gravely concerned that the rise of tariffs puts us on a slippery slope towards crony capitalism,” the billionaire investor said Thursday at the Economic Club of New York. ...

“Those same companies that enjoy that momentary sugar rush of having their competitors removed from the battlefield, soon become complacent, soon take for granted their newfound economic superiority, and frankly, they become less competitive on both the world stage and less competitive at meeting the needs of the American consumer,” Griffin said at the event. ...

“Now you’re going to find the halls of Washington really filled with the special interest groups and the lobbyists as people look for continued higher and higher tariffs to keep away foreign competition, and to protect inefficient American businesses have failed to meet the needs of the American consumer,” Griffin said.

 

Repeat after me, people: Handing chip manufacturers billion$ and billion$ of taxpayer money is NOT fascism

 

The Washington Post has decided not to endorse anyone for president even though we literally have Adolf Hitler running against Kamala Harris lol

 

Kamala Harris isn't the first Democrat to demonize a Republican as Hitler: It's a family tradition with a long history that works

 CHICAGO, Oct. 25 -- A Republican victory on election day will bring a Fascistic threat to American freedom that is even more dangerous than the perils from communism and extreme right "crackpots," President Truman asserted here tonight. ...

Truman prevailed by 4.48 points, winning 303 Electoral College votes.

 

 

It's Clear From John Kelly's Comments That Trump Is a Fascist

 

Kamala Harris, PBS

 

Biden-Harris administration buys votes in North Carolina using the fascist Chips Act just in time for the election

 CNBC doesn't even hide the fact.

Biden administration to provide $750 million to North Carolina-based Wolfspeed for advanced computer chips

The Biden-Harris administration announced plans Tuesday to provide up to $750 million in direct funding to Wolfspeed, with the money supporting its new silicon carbide factory in North Carolina that makes the wafers used in advanced computer chips and its factory in Marcy, New York.

Wolfspeed’s use of silicon carbide enables the computer chips used in electric vehicles and other advanced technologies to be more efficient. The North Carolina-based company’s two projects are estimated to create 2,000 manufacturing jobs as part of a more than $6 billion expansion plan. ...

The new Wolfspeed facility in Siler City could be a critical symbol in this year’s election, as it opened earlier this year in a swing state county that is undergoing rapid economic expansion in large part due to incentives provided by the Biden-Harris administration. ...

Wolfspeed CEO Gregg Lowe told The Associated Press that the United States currently produces 70% of the world’s silicon carbide — and that the investments will help the country preserve its lead as China ramps up efforts in the sector.

Lowe said “we’re very happy with this grant” and that the Commerce Department staff awarding funds from the 2022 CHIPS and Science Act was “terrific.”

Democrats profiting off the little guy: Corporate profits at 12% under Bidenflation have been much better than under Trump at 4%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The dirty little secret about corporate profits: they've been much better after 13 quarters of Biden than they were after 16 quarters of Trump, averaging 4.14% yoy under Trump and 12.13% under Biden.

 

This is a great little arrangement between Democrats and big business. Democrat-aligned business makes off with your cash while politicians pretend to do something about it in exchange for campaign contributions, with the important benefit that inflation inflates away the cost of their spendthrift deficit spending.

The so-called Inflation Reduction Act, which did no such thing and Democrats said would cost nothing, is estimated to cost the taxpayers nearly $800 billion by 2031 according to the liberal Brookings Institution.

This is your fascist America.

 

Shielding price increases by blaming them on inflation has been the modus operandi of the period. Price gouging is real, but gimmicks which address only symptoms won't solve the problem, which is caused by increasing the money supply and deliberately increasing other costs as a matter of policy, like energy and regulation, which businesses also can plausibly blame.

 

But Harris knows the demagogic value of running against price gouging.

 

Price controls poll particularly well. You can fool most of the people most of the time.

 

 

 

 

 

 

England's Big Brother has a message for King Keir Starmer's subjects, American patriots have an f-message of their own lol

 

Jonathan Turley: This moment did not occur in a vacuum, it occurred in a time when our leaders long abandoned reason for rage

 

President Biden has stoked this rage rhetoric. In 2022, Biden held his controversial speech before Independence Hall where he denounced Trump supporters as enemies of the people. Biden recently referenced the speech and has embraced the claims that this could be our last democratic election. ...

As soon as Trump was elected, unhinged rage became the norm as with Kathy Griffin featuring herself holding the bloody severed head of Trump. ...

For months, people have heard politicians and press call Trump “Hitler” and the GOP a Nazi movement. Some compared stopping Trump to stopping Hitler in 1933. Rep. Dan Goldman (D-N.Y.) declared Trump “is not only unfit, he is destructive to our democracy and he has to be eliminated.” He later apologized. ...

The media has been quick to denounce reckless rhetoric from the right while largely ignoring the same language on the left. That included threats against conservative Supreme Court justices before the assassination plot against Brett Kavanaugh.

Senate Majority Leader Chuck Schumer (D-N.Y.) went to the steps of the Supreme Court and called out Kavanaugh by name: “I want to tell you, (Justice Neil) Gorsuch. I want to tell you, Kavanaugh. You have released the whirlwind, and you will pay the price. You won’t know what hit you if you go forward with these awful decisions.” ...

This moment did not occur in a vacuum; it occurred in a time when our leaders long abandoned reason for rage.

Read the whole thing here.

 

LA Times editorial board lol: You’re not alone if it seems like your electric bill is getting too damn high

From the story here, slightly edited for clarity:

State greenhouse gas reduction Fascist government policies are pushing forcing residents to adopt electric cars and appliances that will only increase their electricity consumption.

Pure fascism: Utility sector is profiteering off the federally subsidized green energy push

 Utility stocks are on fire — here are Wall Street analysts' top picks :

The S&P 500 Utilities ETF (XLU) is up more than 12% year to date in a reversal from last year when investors soured on the sector due to expensive projects and high interest rates. ...

Constellation Energy (CEG) is the largest owner of nuclear plants in the US. The Baltimore-based company has been a beneficiary of the government's push to transition to green energies and growing power demand from data centers. Constellation shares are up more than 85% year to date as the company forecasts base earnings to grow by at least 10% annually through the decade. ... The analyst highlights that Constellation produces power at roughly $25 per megawatt hour, while the government's Inflation Reduction Act allows for a selling price floor of $45 per megawatt hour, providing a minimum of $20 margin per megawatt hour. ... Constellation has been operating as a standalone energy provider since 2022 after a spin-off from utility giant Exelon (EXC). The company has been buying back shares and recently upped its dividend ahead of its earnings due on Thursday. ...

NextEra Energy (NEE): The $147-billion-market-cap company is one of the largest electric power generators in the country. While NextEra owns a regulated utility in Florida, investors are more interested in its non-regulated part of the business, NextEra Energy Resources, which involves developing renewable energy in the US. ... "The re-domestication of industry in the US supported by public policy will drive the need for more electricity," CEO John Ketchum told analysts in April. The stock is up about 20% year to date. ...

Among the regulated utilities, Southern Company (SO) is one of the best performers inside the Utility sector year to date, with shares up more than 10%.

It's great to be a Democrat.

In the good old days the Republican fascists funded domestic companies, now the Democrat fascists fund the foreign companies

 Taiwan last week, South Korea this week.

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.

More.

 

24 Republicans voted for $280 billion fascist Chips and Science Act in July 2022 even though they didn't need to, latest award goes to Taiwan Semiconductor Mfg. Co.

 The July 2022 roll call vote is here.

TSMC’s Arizona subsidiary is set to receive up to $6.6 billion in U.S. government funding under a preliminary agreement announced by the Biden administration on Monday. 

The funding, under the U.S. CHIPS and Science Act, will support Taiwan Semiconductor Manufacturing Co.’s more than $65 billion investment in three cutting-edge fabrication plants in Phoenix, according to the nonbinding agreement.

More.

Dunderheads Peter Meijer and Fred Upton from Michigan voted for the bill, in addition to other has-beens like Adam Kinzinger and Liz Cheney.

 

 

As much as I sympathize with this guy's tale of Obamacare woe, his timeline is pure fantasy

 The story is here:

My insurance was $185/month with a $1,000 deductible. That was for a family of 5. So I voted for Obama-Biden in 2008 based on Obamacare. ...  the cheapest insurance I could find to replace that one was $1,200 a month with a $6,000 deductible.

The guy had a great plan before Obama!

But Obamacare as he now thinks he knows it didn't even exist in 2008 for him to base his vote on it.

Obama was for something else, the public option, a government-funded health insurance plan designed to compete with private health insurance. That was also Nancy Pelosi's preference, and the preference of the US House Democrat left at the time.

The great fear was the public option would crowd out private insurance and defeat it because it would be more attractive to women and the chronically ill.

The House public option plan put forward in 2009 competed with the Senate plan, and the two proposals were at an impasse by the end of 2009. Eventually the Senate version prevailed in March of 2010.

The Senate plan was actually worse, what we now call Obamacare.

It dictated the much more expensive nature and new shape of all existing private insurance plans instead of providing a separate public option to compete with those already existing private insurance plans. It cost more to provide because it eliminated pre-existing condition exclusions, and treated men and women equally even though women's care is more costly.

It was fascism pure and simple, government dictating to the private sector what will be, and what will not be.

That's how you lost your old plan, your old doctor, and your money: Because Obama bowed to the Senate plan, instead of fighting for what he said he believed in.

If you were too poor, though, to qualify for Obamacare, you just got stuck with Medicaid, health insurance for the poor, and, failing that, with nothing at all.

The once heralded public option for everyone defaulted to Medicaid. Nearly 86 million are now stuck with that, and most are unaware of its clawback provisions.

Today only 21 million can afford Obamacare, and about 25 million non-elderly adults have bupkis, like the poor fella in the story had for ten years.

Meanwhile, 158 million have employer-provided health insurance, the cost of which climbs relentlessly. The average worker had to pay $549 a month in premiums for it in 2023.

Medicare provides coverage to about 66 million aged 65+, and costs nearly $175 a month in 2024.

The more things change, the more they stay the same.

 

 

 

Fascist Joe Biden makes $20 billion in grants and loans to Intel in Arizona under the $114 billion Chips Act, which is all borrowed money, to buy votes

Democrats are more than willing to hand Joe Biden slush money to buy votes, but $25 billion for a wall? No way. 

Bloomberg doesn't even hide it:

(Bloomberg) -- President Joe Biden said his $20 billion award to Intel Corp. demonstrated his investments in US industries that had withered under Donald Trump’s tenure, touting a flurry of government spending he hopes will help him defeat his Republican rival in a general-election rematch. ...

Biden trails Trump in several crucial states, including Arizona, as voters remain skeptical of the president’s handling of the economy. Biden is responding by using his bully pulpit, as well as federal dollars, in states to show the public the results of his plans. The president said Wednesday’s announcement would support 10,000 manufacturing jobs, including 3,000 in Phoenix. ...

Intel is the first company to land a preliminary funding deal from the Chips Act for advanced manufacturing facilities. The law provided $39 billion in grants, plus loans and guarantees worth $75 billion to persuade companies to build factories on US soil and reverse a decades-long shift of semiconductor production to Asia.

Norway, Europe's most anti-semitic country, is also its most fascist economy, centered in dem ebil fossil fuels lol

 Norway’s sovereign wealth fund, the world’s largest, was established in the 1990s to invest the surplus revenues of the country’s oil and gas sector. To date, the fund has put money in more than 8,500 companies in 70 countries around the world.

More.

Why does Madcow keep talking like a dipshit? Because that's her audience at PMSNBC

 Rachel Maddow: Why Does Trump Keep Talking Like A Fascist? Because Polls Say That's What Republican Voters Want To Hear

C'mon man, we're supposed to fear a coming Trump dictatorship while Joe Biden threatens to seize drug patents as we speak

 The soft fascism of public-private partnership becomes hard fascism:

“When drug companies won’t sell taxpayer-funded drugs at reasonable prices, we will be prepared to allow other companies to provide those drugs for less,” White House National Economic Advisor Lael Brainard said during a call with reporters Wednesday. 

More.

Hard or soft, this is state capitalism.

Yesterday's obnoxious Nazi Barbie is 2023's Person of the Year

 

Time.

2015 here:

Camille Paglia has written a scathing critique of Taylor Swift, referring to the singer as an “obnoxious Nazi Barbie” whose “twinkly persona is such a scary flashback to the fascist blondes who ruled the social scene during my youth”.

Couldn't have said it better myself . . . about you

 Raskin: "Authoritarian And Fascist Tactic" To Try To Confuse Everyone About What Happened On January 6th

To Raskin we owe the origins of the National Popular Vote Compact, a progressive end-run around the constitution's electoral college system, among other far-left enthusiasms.

Only the fevered mind of a lunatic like this could turn a riot by a bunch of yahoos into an attempted coup.