Along with last week’s terrible labor/jobs report, the U.S. economy, led by its technology and manufacturing sectors, is flashing indicators of a likely recession.
That’s sent stock markets crashing around the world.
Here’s just one issue:
Intel Corp just announced major layoffs amidst sinking shares.
According to Fox News:
Months after the federal government gave Intel $8.5 billion in grants to help bring back chipmaking to the U.S., the company said it is cutting 15% of its workforce, which translates to around 17,000 jobs.
The tech company announced the job cuts as part of a massive cost-cutting and restructuring plan.
“This is an incredibly hard day for Intel as we are making some of the most consequential changes in our company’s history,” Intel CEO Pat Gelsinger said in a note to employees this week. “Simply put, we must align our cost structure with our new operating model and fundamentally change the way we operate.”
The ginormous 2021 Biden/Harris Bipartisan Infrastructure Act (BIL) and the subsequent 2022 CHIPS and Science Act can be reasonably said to have largely brought us to this insecure place.
Vote on the issues that are affecting every Americans lives. High food prices, high gas prices, high utility bills, health ins., car ins, homeowners ins, prescription high prices, mortgage prices, rental prices, illegals that are destroying this country, border crisis, regulations on farmers that supply our food, new regulations on small businesses, wars that shouldn’t be and the list goes on. People it’s time to vote smart not dumb or because of their looks or whether a female or male but what they’re going to do for this country. Ask yourself are you better off now or 4 years ago and does the candidate love this country. Trump/Vance 2024.
Agee 100%. The only problem is narrow minded people won’t do it. They are stuck on “Orange man mean”, “I don’t like Trump”. Sorry a** state of affairs when your emotions get the better of you’re self well being.