Biden Administration Moving A Major Bi-Partisan Bill Through Congress "Endless Frontiers Act" To Better Compete Against China

[Tiberius]

In an era of do-nothing Republicanism Biden is getting their support on a major bill. 

 

Biden is really shaping up as a good, quiet leader. No loud mouth tweets of ignorance here 

 

https://www.barrons.com/articles/after-covid-its-time-to-reinvigorate-american-science-51619790795
 

Quote

What would the Endless Frontier Act do? A lot. Over a five-year period it would provide $100 billion through a new directorate at the National Science Foundation, allowing nationwide investments in artificial intelligence, machine learning, quantum computing, robotics, cybersecurity, medical technologies and synthetic biology. It would leverage billions more in investments from individuals, foundations, and the private sector. Investments at this scale would address health emergencies and pandemics, natural disasters, and threats to our national security. It would drive economic growth and the creation of new jobs. And the new spending would respect diversity and inclusion.

 

 

[Governor]

Also this….

 

https://www.democracydocket.com/2021/05/sen-schumer-to-force-h-r-1-vote-in-june/

 

WASHINGTON, D.C.—In a letter to the Democratic caucus, Senate Majority Leader Chuck Schumer announced that he plans to bring the For the People Act to the floor of the Senate for a vote in June. Although Senate Democrats had promised to vote on the landmark election legislation before the August recess, no solid date for a floor vote had previously been announced. 

Schumer outlined the upcoming Senate agenda, emphasizing that while the caucus has attempted to pass key legislation along bipartisan lines, it has “also seen the limits of bipartisanship and the resurgence of Republican obstructionism.” The Majority Leader announced that the final working week of June would see a floor vote for H.R. 1, stating “…the Senate will vote on S.1, the For the People Act, legislation that is essential to defending our democracy, reducing the influence of dark money and powerful special interests, and stopping the wave of Republican voter suppression happening in the states across the country in service of President Trump’s Big Lie.” 

Edited May 28, 2021 by Governor

[Over 29 years of fanhood]

More federal money raining from the sky to compete with China. 🤦‍♂️ 

 

Which bloated federal agency made the vaccine breakthrough? Oh bad example 

 

And which federal agency was Microsoft, er  google, ummm wait skip those.

 

which federal agency solved reusable rocket booster... oh that was Musk

 

how about the electric car? Nope

 

Maybe instead of taxing business to redistribute their profits you steal less of their money and incentivize businesses to keep developing in their much much more efficient way. 
 

China is winning because their populous aren’t lazy bums sitting around with their hands out. They are hungry and work hard. 

[reddogblitz]

1 hour ago, Governor said:

The Majority Leader announced that the final working week of June would see a floor vote for H.R. 1, stating “…the Senate will vote on S.1, the For the People Act, legislation that is essential to defending our democracy, reducing the influence of dark money and powerful special interests, and stopping the wave of Republican voter suppression happening in the states across the country in service of President Trump’s Big Lie.” 

 

I remember the last time Congress decided to tackle "reducing the influence of dark money".   It (McCain-Feingold) resulted in opening the flood gate$ with Citizens United and $uper PAC$.  Chuck voted for it.

 

Color me skeptical that he knows anything about the subject or that he really has any desire to do anything about it.

[Capco]

18 hours ago, Over 29 years of fanhood said:

China is winning because their populous aren’t lazy bums sitting around with their hands out. They are hungry and work hard. 

 

If China is winning, it certainly isn't because their government sits back and lets private enterprise do its thing... 🤔

[Over 29 years of fanhood]

10 minutes ago, Capco said:

 

If China is winning, it certainly isn't because their government sits back and lets private enterprise do its thing... 🤔

Actually they compete like unbridled capitalists against the rest of the world, by providing the cheapest means of production in the world.  They have no social safety nets and have no qualms about their working classes lifestyle.

 

educate yourself 

 

https://www.forbes.com/sites/rainerzitelmann/2019/07/08/chinas-economic-success-proves-the-power-of-capitalism/?sh=4e6da3593b9d

 

Quote

China has progressively embraced the tenets of free-market economics, introduced private ownership, and gradually reduced the influence of the once all-powerful state over the Chinese economy. That the state still plays a major role today is simply because China is in the midst of a transformation process that began with complete state dominance of the economy.

However, as the Chinese economist Zhang Weiying stresses, China’s success in recent years has “not been because of the state, but in spite of the state.” Here are some facts:

 

[Capco]

2 hours ago, Over 29 years of fanhood said:

Actually they compete like unbridled capitalists against the rest of the world, by providing the cheapest means of production in the world.  They have no social safety nets and have no qualms about their working classes lifestyle.

 

educate yourself 

 

https://www.forbes.com/sites/rainerzitelmann/2019/07/08/chinas-economic-success-proves-the-power-of-capitalism/?sh=4e6da3593b9d

 

In which country do citizens have more economic freedom with less state intervention?  China or the US?

[leh-nerd skin-erd]

2 hours ago, Over 29 years of fanhood said:

Actually they compete like unbridled capitalists against the rest of the world, by providing the cheapest means of production in the world.  They have no social safety nets and have no qualms about their working classes lifestyle.

 

educate yourself 

 

https://www.forbes.com/sites/rainerzitelmann/2019/07/08/chinas-economic-success-proves-the-power-of-capitalism/?sh=4e6da3593b9d

 

 

There is that, of course.  
 

At the same time, our some of our supposedly highly educated populace is all about offloading their financial obligations to someone else so they can buy stuff they want. 
 

So, we’re up against an enemy that is ruthless, has no qualms about stealing intellectual property, employs the cheapest of labor.  They’re up against a country where many of our folks park their ethics and stick-to-it-ed-ness just outside the debt reallocation soup kitchen.  
Oh, and these stalwart souls point to, ah, China as THE go to. 
 

 

 

 

[Over 29 years of fanhood]

3 minutes ago, Capco said:

 

In which country do citizens have more economic freedom with less state intervention?  China or the US?

what does citizens have more economic freedom mean? Citizens are free to seek work and pay taxes. That’s not what economic freedom is. 
 

If you mean in context of corporations, which would make a lot more sense, It really depends what you mean by state intervention do  you mean federally imposed minimum wage? Labor laws? unions laws? Health Insurance mandates?requirements for what corporate boards must look like? Environmental regulations? Affirmative action? Lending requirements? Municipal selection of local utility monopolies? Selective taxation? SEC? FCC?government bailouts and selective subsidies? Social security? Pension regulations? Credit acts and regulations? Sarbanes Oxley compliance? PII regulation? CCPA? 

 

how do you classify intervention?

Economic freedom in the US continues a rapid decline... China is open for business and business is booming without the burden of the freeloaders and snowflakes. 
 

The freest economies in the world are Singapore, Australia, New Zealand, Switzerland, Ireland ... us isn’t close and falling fast

[John Adams]

22 hours ago, Over 29 years of fanhood said:

More federal money raining from the sky to compete with China. 🤦‍♂️ 

 

Which bloated federal agency made the vaccine breakthrough? Oh bad example 

 

And which federal agency was Microsoft, er  google, ummm wait skip those.

 

which federal agency solved reusable rocket booster... oh that was Musk

 

how about the electric car? Nope

 

Maybe instead of taxing business to redistribute their profits you steal less of their money and incentivize businesses to keep developing in their much much more efficient way. 
 

China is winning because their populous aren’t lazy bums sitting around with their hands out. They are hungry and work hard. 

Are you under some delusion that de-risking the pharma  companies with Operation Warp speed was unrelated to the government? Or that SpaceX is a private enterprise with no government supplementation? And Tesla too? 

 

Libertarianism is great in theory but you gave three examples where government intervention played a key role in the current states of those industries. 

[Over 29 years of fanhood]

2 hours ago, John Adams said:

Are you under some delusion that de-risking the pharma  companies with Operation Warp speed was unrelated to the government? Or that SpaceX is a private enterprise with no government supplementation? And Tesla too? 

 

Libertarianism is great in theory but you gave three examples where government intervention played a key role in the current states of those industries. 

Operation warp speed was the government telling the government to get out of the way of private industry.  The vaccines were made within like  a week of the gene being sequenced  then had to clear 13 months of bureaucracy.  Space x achieve what tens of billion of nasa money never could. 

Does no one actually know what it’s like to work at a real private or publicly traded company??

 

Edited May 29, 2021 by Over 29 years of fanhood

[Capco]

4 hours ago, Over 29 years of fanhood said:

Economic freedom in the US continues a rapid decline... China is open for business and business is booming without the burden of the freeloaders and snowflakes. 

 

And so again I ask you not for the recent trends, but for the overall position of each country with respect to economic freedom:  which country has more economic freedom, at this moment in time?  China or the US?

[Doc]

8 hours ago, Capco said:

If China is winning, it certainly isn't because their government sits back and lets private enterprise do its thing... 🤔

 

Sure it is.  How else are they able to undercut most of the rest of the world when it comes to production costs?

[Capco]

8 minutes ago, Doc said:

 

Sure it is.  How else are they able to undercut most of the rest of the world when it comes to production costs?

 

Haha, very clever!  Let me finish what I'm doing with Over 29 before I let you go ahead and do the same with me

Edited May 30, 2021 by Capco

[Over 29 years of fanhood]

3 hours ago, Capco said:

 

And so again I ask you not for the recent trends, but for the overall position of each country with respect to economic freedom:  which country has more economic freedom, at this moment in time?  China or the US?

 

 

3 hours ago, Capco said:

 

And so again I ask you not for the recent trends, but for the overall position of each country with respect to economic freedom:  which country has more economic freedom, at this moment in time?  China or the US?

Before you get there, I’ve listed several questions for you. Here they are again in case it helps 

 

7 hours ago, Over 29 years of fanhood said:

what does citizens have more economic freedom mean? Citizens are free to seek work and pay taxes. That’s not what economic freedom is. 
 

If you mean in context of corporations, which would make a lot more sense, It really depends what you mean by state intervention do  you mean federally imposed minimum wage? Labor laws? unions laws? Health Insurance mandates?requirements for what corporate boards must look like? Environmental regulations? Affirmative action? Lending requirements? Municipal selection of local utility monopolies? Selective taxation? SEC? FCC?government bailouts and selective subsidies? Social security? Pension regulations? Credit acts and regulations? Sarbanes Oxley compliance? PII regulation? CCPA? 

 

how do you classify intervention?

Economic freedom in the US continues a rapid decline... China is open for business and business is booming without the burden of the freeloaders and snowflakes. 
 

The freest economies in the world are Singapore, Australia, New Zealand, Switzerland, Ireland ... us isn’t close and falling fast

 

[Over 29 years of fanhood]

2 hours ago, Capco said:

 

Haha, very clever!  Let me finish what I'm doing with Over 29 before I let you go ahead and do the same with me

Good point, you should incriminate yourself one losing argument at a time. Pace yourself lil tyke! 

[John Adams]

14 hours ago, Over 29 years of fanhood said:

Operation warp speed was the government telling the government to get out of the way of private industry.  The vaccines were made within like  a week of the gene being sequenced  then had to clear 13 months of bureaucracy.  Space x achieve what tens of billion of nasa money never could. 

Does no one actually know what it’s like to work at a real private or publicly traded company??

 

Warp Speed completely de-risked fast development at taxpayer expense. SpaceX is not a leader without tons of govt $$. Same with Tesla. You are making a case for government support of big initiatives. Pharma, Space, Auto: The opposite of your original point. 

[TSOL]

I don't think china has much in the way of environmental protection laws, giving them a huge advantage in manufacturing that our country can't compete with. 

 

I know how we could better compete, just don't buy anything made in china, it's pretty simple 

[Over 29 years of fanhood]

3 hours ago, John Adams said:

Warp Speed completely de-risked fast development at taxpayer expense. SpaceX is not a leader without tons of govt $$. Same with Tesla. You are making a case for government support of big initiatives. Pharma, Space, Auto: The opposite of your original point. 

You can spin it all you want. You’re making a different point.
 

Private industry made innovation happen despite government intervention, yeah maybe in some cases the government then had to buy services from these private companies because their own bloated government garbage taxpayer funded agencies were such dismal failures. And don’t be so naive to think spacex doesn’t have other buyers.  Do you even understand what the word initiative means? 
 

So many People who are allowed the same weight of voting are criminally delusional when it comes to understanding what governments actually do with the money they steal from the workers here. 

Edited May 30, 2021 by Over 29 years of fanhood

[All_Pro_Bills]

2 hours ago, TSOL said:

I don't think china has much in the way of environmental protection laws, giving them a huge advantage in manufacturing that our country can't compete with. 

 

I know how we could better compete, just don't buy anything made in china, it's pretty simple 

I think you're on the right track here.  It doesn't make any sense to view a country as the number one threat to your security and then turn around and send them 100's of billions of dollars in trade every year.  Maybe the first thing to do rather than some knee jerk spending spree is to make sure you've got some systemic plan in place that lines everything up pointed in the right direction.

 

A problem with the don't buy any Chinese goods approach is the shelves in stores like Walmart would be almost empty.  And things like medications and drugs depend on materials and manufacturing sourced from China.  But all this didn't happen overnight.  It happened over 30 years of corporations and the Chinese government of systematically stripping all the productive capacity out of the US economy and moving it offshore.  To places like China.  And it didn't happen by accident either.  It all happened by design.

 

One big thing to do is get a read from all the S&P 500 companies on where their allegiances are here?  Are they with America?  Or are they with China?  Or most likely they're just in it for the money.  Want to start somewhere.  Force these firms to pick a side and act to demonstrate that pick.  Are they with us or against us?