President Joe Biden looks on as Secretary of Commerce Gina Raimondo speaks before the President signs the"CHIPS and Science Act of 2022" during a ceremony on the South Lawn of the White House on Aug. 9, 2022, in Washington.
Unlike much of the pandemic aid that was meant to address immediate needs, the $1 billion in grants is part of a longer-term effort to revitalize parts of the country that have needed an economic jolt for existing industries and capital for new ventures. The mission is personal for Raimondo, whose father lost his job at a watch factory in Rhode Island. She said the grants are the largest ever for local economic development provided by the Commerce Department.The grants include $65.
The massive amount of coronavirus aid at the start of President Joe Biden’s tenure helped to accelerate job growth as the U.S. recovered from the pandemic. But accompanying the hiring was a burst of inflation that hit a 40-year peak this summer, crushing consumer sentiment and putting the administration on the defensive to show how its policies are helping the economy.
Among the many things Dementia Joe has forgotten is Solyndra. But I didn’t forget it. What’s he gonna blow $1 billion on?
Campaign donors payback….. SMFH
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