American Economics Thread

[9dashline]

That story is referring to money for stuff like building electrical charging stations and 5G base stations. But the U.S. bill has $200 billion purely for research. Heck, there is ten times more money in this one bill than all of China spends on basic research per year. And that's not even counting the U.S. baseline basic research spending or that of its NATO/Asian allies. China is going to lagging behind worse than the Qing dynasty in 1850.

I mean, this is epic-level stuff, you'll be feeling the effects of this for decades if not centuries as that's how long the investments will be paying off for.

Deagel 2025 or diminishing EROEI...

Take your pick,

But either way the US wont even exists in decades from now much less centuries from now....

Read up on my treatiste on energy and money, US dollar fixing to be absolutely worthless and literally powerless soon

 

[Bellum_Romanum]

It's actually a $280 billion bill.

There is also about $200 billion for scientific research, including $81 billion for the National Science Foundation, $10 billion for regional technology hubs and $68 billion for the Department of Energy.

China is sh*** in its pants right now. It was already badly, badly behind in basic research spending, this will put the difference in light years. Pretty much game over, honestly.

Tell me you're being sarcastic, or you're just being cunty

 

[ficker22]

Woot! China lost!

BJP Masterstroke!

 

[Bellum_Romanum]

It's actually a $280 billion bill.

There is also about $200 billion for scientific research, including $81 billion for the National Science Foundation, $10 billion for regional technology hubs and $68 billion for the Department of Energy.

China is sh*** in its pants right now. It was already badly, badly behind in basic research spending, this will put the difference in light years. Pretty much game over, honestly.

You're sounding like @sleepystudent are you two related or something?

 

[luosifen]

How much of that research money ends up buying prostitutes like that hypersonic weapons project? Or fattening stock buybacks? That is usually where a lot of government funding for private sector ends up.

 

[FairAndUnbiased]

That story is referring to money for stuff like building electrical charging stations and 5G base stations. But the U.S. bill has $200 billion purely for research. Heck, there is ten times more money in this one bill than all of China spends on basic research per year. And that's not even counting the U.S. baseline basic research spending or that of its NATO/Asian allies. China is going to lagging behind worse than the Qing dynasty in 1850.

I mean, this is epic-level stuff, you'll be feeling the effects of this for decades if not centuries as that's how long the investments will be paying off for.

Most of that money is going towards kickbacks, overpriced equipment with no bid contracts and fake cancer papers.

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What actually matters are outputs. Suggest you familiarize yourself with nature index.

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[MortyandRick]

This bill is from early 2020. So if it included huge amounts in basic research, it would show up. However,
China's basic research spending in 2021 was only 169.6 billion yuan or about $26 billion. Source:

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In fact you can see from that chart China's R&D spending has actually slowed down from what it was growing at in 2018-2020.

In this bill:
$80 billion+ over baseline for just the National Science Foundation (NSF), DOE Department of science/innovation, NIST, and DOC tech initiatives alone. Source:

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Wait, so there is 170$ billion for basic research over 5 years. That's roughly 34 billion a year, or roughly 16$ billion a year over baseline. It's not a yearly amount of 200$ billion for research. So way to exaggerate!

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"The legislative package is a meaningful sum of money, but for the chip industry, which measures the cost of its future plans in the tens or hundreds of billions of dollars, $52 billion over five years is “a rounding error given the scale of investments required in this space,” according to Bernstein analyst Stacy Rasgon."

 

[emblem21]

Wait, so there is 170$ billion for basic research over 5 years. That's roughly 34 billion a year, or roughly 16$ billion a year over baseline. It's not a yearly amount of 200$ billion for research. So way to exaggerate!

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"The legislative package is a meaningful sum of money, but for the chip industry, which measures the cost of its future plans in the tens or hundreds of billions of dollars, $52 billion over five years is “a rounding error given the scale of investments required in this space,” according to Bernstein analyst Stacy Rasgon."

With the nation being utterly screwed up in its supply chain issues, drought issues and propensity for natural disasters, the likelihood of these nut cases being able to build up there chip industry is near to zero given that the USA is now literally starting a fight with Russia and China at the same time. And then when the US dollar is toilet paper, they can never buy the need resources and equipment to make those chips so really, all this crap about bills and money being put forward for such a plan is never going to happen. The world will eventually be better of with the USA being completely destroyed should they default on there debt obligations and not give anything in return for all the resources they have spend all these decades stealing. I reckon many countries around the world is eventually going to demand their money back or they will demand it back through other horrible means that many nations will have no sympathy for.

 

[Petrolicious88]

Wait, so there is 170$ billion for basic research over 5 years. That's roughly 34 billion a year, or roughly 16$ billion a year over baseline. It's not a yearly amount of 200$ billion for research. So way to exaggerate!

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"The legislative package is a meaningful sum of money, but for the chip industry, which measures the cost of its future plans in the tens or hundreds of billions of dollars, $52 billion over five years is “a rounding error given the scale of investments required in this space,” according to Bernstein analyst Stacy Rasgon."

Remember Samsung is also committing $200 billion into 11 chip making plants in Texas. A certain degree of re-shoring will happen over the next 10 years.
Hyundai is also doubling down on US investments. Korea under Yoon is leaning towards the US.

 

[GodRektsNoobs]

It's actually a $280 billion bill.

There is also about $200 billion for scientific research, including $81 billion for the National Science Foundation, $10 billion for regional technology hubs and $68 billion for the Department of Energy.

China is sh*** in its pants right now. It was already badly, badly behind in basic research spending, this will put the difference in light years. Pretty much game over, honestly.

US have always outspent China by massive margins in everything and anything you can think of. In fact, the scientific spending gap gets bigger the further you go back in time. So, US should have left China in the sand a century ago when it comes to science and technology, right? How could US be worried that China is about to surpass it in science and technology?

Don't get me wrong, I wish the best for them. Hopefully the prostitutes they hire this time to manage their hypersonic programme can actually write coherent emails AND give everyone a good time - preferably all at once! It's finally time that they have properly qualified and compensated candidates running things!