That’s Bidenomics! Intel Lays Off 15k Workers Despite $8.5 BILLION From Chips Act (Intel Craters Over -50% In 4 Months)

Sharing is Caring!

by confoundedinterest17

Bidenomics (actually Biden/Harrisnomics) is all about huge payoffs to large, powerful donors. A good example is The Chips Act, intended to bring chip manufacturing back to the US from Taiwan, China, etc. Biden/Harris doled out $8.5 BILLION to Intel … which just laid off 15% of it’s labor force or 15k workers.

See also  WATCH: “I Don’t Know Where All This Money Is” – Ukraine Pres. Volodymyr Zelensky Says Ukraine Only Received About $75 BILLION

Intel has suspended dividends and its stock price has crashed from above $45 in March now down to $21.48, a 53% loss in 4 months.

Bear in mind that a Harris Presidency would be more of the same wasteful, Communist-style centralized economic (mis)management. Perhaps even worse.

And on that dreadful jobs report on Friday, the VIX fear index soared (white line) to its highest level since March 2023.


113 views