Trump 2024

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Microsoft is investing $3.3 billion in a Wisconsin AI hub. The software giant plans to put the cash toward creating an AI data center. President Biden was on hand in Wisconsin yesterday to help announce the news—and not just to tout a big investment that’s expected to create jobs. The president also likely wanted to tweak his Republican rival Donald Trump, who during his own presidency announced a $10 billion investment by Foxconn to create a factory on the same land, a plan that never came to fruition.
 
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Microsoft is investing $3.3 billion in a Wisconsin AI hub. The software giant plans to put the cash toward creating an AI data center. President Biden was on hand in Wisconsin yesterday to help announce the news—and not just to tout a big investment that’s expected to create jobs. The president also likely wanted to tweak his Republican rival Donald Trump, who during his own presidency announced a $10 billion investment by Foxconn to create a factory on the same land, a plan that never came to fruition.


Honest question.. other than a photo op....what did Biden have to do with this. I can see Wisconsin giving tax breaks and incentives to get them to choose WI like VA did to Amazon...
 
Honest question.. other than a photo op....what did Biden have to do with this. I can see Wisconsin giving tax breaks and incentives to get them to choose WI like VA did to Amazon...

https://www.cnbc.com/2024/05/08/bid...-ai-investment-in-battleground-wisconsin.html

Biden touts new $3.3 billion Microsoft data center at failed Foxconn site Trump backed

..........

“We will train over 100,000 people in Wisconsin by the end of the decade so they have the AI skills to fill the jobs of tomorrow,” Smith said. He credited Biden’s legislation on infrastructure, chips and climate change with laying the groundwork for the investment.

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Honest question.. other than a photo op....what did Biden have to do with this. I can see Wisconsin giving tax breaks and incentives to get them to choose WI like VA did to Amazon...

It seems to be a situation where you/citizens/voters are being asked to connect a lot of dots and end out giving Biden credit. The argument, I guess, is that Joe passed all these infrastructure bills that pumped up the animal spirits in the economy and in the tech center which led to ventures such as Microsoft's in Wisconsin. But not clear that any Biden dollars or deal making by administration officials were involved. I could be wrong. Just sayin, their messaging does not give any information beyond that and they are hungry to take credit for ANYTHING so I would expect to see it if it were there.

Yeh, Joe unleashing the animal spirits. heh. Who woulda thunk?

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For Biden, the Microsoft announcement represents evidence that his embrace of industrial policy — the use of government money and dictates to shape the economy — is paying dividends. The president steered three major pieces of legislation through Congress that will pump trillions of dollars into modernizing the nation’s roads, bridges, ports and internet connections; subsidize development of clean-energy technologies; and fund domestic production of advanced semiconductors.


Taken together, the policies represented a dramatic shift in the government’s management of the economy after four decades of bipartisan deference to market outcomes.

Smith said Biden’s policies had been important for corporate expansions.

“When you connect the dots between the infrastructure investment, the chips investment, the climate technology investment, the work to set new AI safety standards and cybersecurity protection — you put those things together? That actually helps substantially in enabling the whole tech sector to invest and grow and create new jobs in the United States,” he said.


https://www.washingtonpost.com/business/2024/05/08/biden-foxconn-white-house-trump/
 
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