• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Nearly 75% of new homeowners spend $10,000 on surprise repairs within 2 years — and some never budgeted for them

August 2, 2026

UNEARTHED INTERVIEW Reveals Wisconsin’s Dem-Socialist “Abolish ICE and Prisons” Frontrunner for Governor Admits to Being Diagnosed With Bipolar Disorder, Cutting Herself On Purpose, Spent Time in Psychiatric Hospital

August 2, 2026

British Band Massive Attack Banned in Singapore over Pro-Palestinian Flag Display

August 2, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Sunday, August 2
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    UNEARTHED INTERVIEW Reveals Wisconsin’s Dem-Socialist “Abolish ICE and Prisons” Frontrunner for Governor Admits to Being Diagnosed With Bipolar Disorder, Cutting Herself On Purpose, Spent Time in Psychiatric Hospital

    August 2, 2026

    Nutcase James Talarico Tries to Suggest the Bible Requires the Passage of a Government-Run Healthcare System (VIDEO)

    August 2, 2026

    President Trump Announces Perimeters of Peace Deal with Iran Has Been Agreed To – Halts All Planned US Airstrikes on Iran

    August 2, 2026

    ‘They Hate America and Jews, They Just Can’t Say it Out Loud’ (VIDEO) * The Gateway Pundit * by Mike LaChance

    August 2, 2026

    ‘Anthony Fauci Had No Right to Invoke the Fifth Amendment After Receiving Immunity’ (VIDEO) * The Gateway Pundit * by Mike LaChance

    August 2, 2026
  • Health

    Thousands Of Seniors May Lose Medicare Advantage As Plan Exits Escalate

    August 2, 2026

    Medicare’s GLP-1 Bridge Demo Offers Access, But Isn’t Straightforward

    August 1, 2026

    Four In Five Toddler Foods Are Ultra-Processed, New Study Finds

    August 1, 2026

    Trump Administration Ends Program that Kept Medicare Premiums Down

    August 1, 2026

    A Medicare Drug Subsidy Is Ending—Here’s What Patients Should Know

    August 1, 2026
  • World

    Ancient Mummy DNA Reveals Colonization Spread Smallpox

    August 2, 2026

    U.S.-Saudi Consortium Plans $5 Billion Oil Refinery Away from Strait of Hormuz

    August 2, 2026

    Marjorie Taylor Greene Marries Brian Glenn In Las Vegas

    August 2, 2026

    CBP Recruiting Push Delivers Highest Border Staffing, Lowest Migrant Arrests in Decades

    August 2, 2026

    Jon Stewart Reacts To Democratic National Committee Chaos Before Midterms

    August 2, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    Nearly 75% of new homeowners spend $10,000 on surprise repairs within 2 years — and some never budgeted for them

    August 2, 2026

    Rates a bit lower than last week

    August 2, 2026

    Brookfield Infrastructure Partners Q2 Earnings Call Highlights

    August 2, 2026

    J.P. Morgan drops Fed rate bombshell over Warsh, inflation

    August 2, 2026

    Corn Closes July with Weakness

    August 2, 2026
  • Tech

    White House Uses Anti-ICE Rapper Bad Bunny’s Music for Deportation Montage

    August 2, 2026

    NewsGuard Backer Publicis Buying AdTech Company that Pitched Blacklists as ‘Anti-Racism’ Tool

    August 2, 2026

    China Eyes Limits on Foreign AI Access as America Weighs Its Own Restrictions

    August 1, 2026

    Silicon Valley Is Falling Out of Love with Anthropic AI

    August 1, 2026

    WSJ Reports That Tesla Wants to Divest China Operations to Facilitate SpaceX Merger, Elon Musk Calls It ‘Fake News’

    August 1, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»‘We Got No Return’: Sen. Rick Scott Rips Commerce Secretary For ‘Social Engineering’ In CHIPS Act
Business

‘We Got No Return’: Sen. Rick Scott Rips Commerce Secretary For ‘Social Engineering’ In CHIPS Act

March 30, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
DCNF - Kudlow Scott CHIPS Raimondo - Featured
Share
Facebook Twitter LinkedIn Pinterest Email

Republican Sen. Rick Scott of Florida ripped Secretary of Commerce Gina Raimondo over “social engineering” in the CHIPS Act Wednesday.

“We have got to stop the Biden administration from doing social engineering, okay, and we got to go back to say to ourselves why don’t we pass bills with some accountability in them?” Scott told Fox business host Larry Kudlow, a former Trump administration official. “Why don’t we say, ‘if we want chips made in the country, let’s pay for it, if that is important enough to us.’”

Kudlow referenced Tuesday editorials in Bloomberg and The Wall Street Journal, both of which blasted the CHIPS Act for failing to deliver on promises to revitalize computer chip production in the United States. Bloomberg noted that chips took 25% longer and cost 50% more, while The Wall Street Journal criticized Raimondo over mandates on pay scales for construction workers and plans for child care issued by the Commerce Department. (RELATED: ‘Hell Of A Legacy’: Biden Struggles To Form A Sentence While Promoting Chips Investment)

The Commerce Department requires that companies seeking some of the $40 billion available in grants need to provide plans for child care, The New York Times reported March 3, noting it was an effort to leverage federal funding to achieve a policy goal Congress did not pass. Raimondo denied Wednesday that she was making social policy.

WATCH:

“I did a thousand economic development projects when governor of Florida,” Scott said. “Guess what? I got a ten to one return on our money. Up here, all we do, some Republicans are about going with the Democrats, they just throw the money out there, and hope and pray something good will happen.”

See also  NFL Fans Put ESPN's Bart Scott on Blast for Insensitive 'Joke' About Trevon Diggs's Injury

Congress passed the CHIPS and Science Act into law in July, authorizing up to $252 billion in grants for research and subsidies for domestic computer chip manufacturers, with 24 House Republicans joining 219 Democrats voting for the bill.

“We got no return for taxpayers. There’s no saying, if I invest this money, I get a return like a shareholder would expect. We should expect that for taxpayers,” Scott said. “But what it did do, is gave the Biden administration to do social policy, tell you what your child care policy will be, what you adult health care policy will be. Every policy you want, they’re going to decide.”

“You know what? The Biden administration, Democrats, they know how to run your company better than you do. That is exactly what this is. This is big government,” Scott continued. “They can tell you everything, because guess what, they all went to the right schools and they know exactly how to social engineer our social engineer our economy because they have done it so well in the past. No, they haven’t.”

The Commerce Department referred the Daily Caller News Foundation to Raimondo’s comments in a Wall Street Journal op-ed.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Act Chips Commerce Engineering return Rick Rips Scott secretary Sen Social
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Should ‘Return to Major Combat’ and Tighten Economic Screws on Iran

August 1, 2026

Up to 4.15% APY return

July 31, 2026

Sophie Cunningham Rips Storm Co-Owner Over Teen Fans

July 31, 2026

Migrants Using Social Media to Ease Illegal Entry into Besieged Enclave

July 31, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

US begins study of possible rules to regulate AI like ChatGPT

April 12, 2023

OceanGate CEO Didn’t Hire ’50-Year-Old White Guys’ for Titanic Sub Because They’re Not ‘Inspirational’

June 22, 2023

Ted Lieu Obliterates The GOP Lie That The DOJ Is Out To Get Trump

July 12, 2023

Why Foreign Companies Are Re-assessing Their China Portfolio

July 1, 2026
Don't Miss

Nearly 75% of new homeowners spend $10,000 on surprise repairs within 2 years — and some never budgeted for them

Finance August 2, 2026

Cindy Shebley/Getty Images First-time homebuyers have their fair share of ups and downs to deal…

UNEARTHED INTERVIEW Reveals Wisconsin’s Dem-Socialist “Abolish ICE and Prisons” Frontrunner for Governor Admits to Being Diagnosed With Bipolar Disorder, Cutting Herself On Purpose, Spent Time in Psychiatric Hospital

August 2, 2026

British Band Massive Attack Banned in Singapore over Pro-Palestinian Flag Display

August 2, 2026

Thousands Of Seniors May Lose Medicare Advantage As Plan Exits Escalate

August 2, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (6,036)
  • Finance (4,432)
  • Health (2,644)
  • Lifestyle (1,904)
  • Politics (4,085)
  • Sports (4,994)
  • Tech (2,462)
  • Uncategorized (4)
  • World (6,080)
Our Picks

How to choose when rates are nearly identical

July 28, 2026

Woke NY Democrat Wants Mets to Dump Citi Field Name Due to the Bank’s Fossil Fuels Investments

April 4, 2023

American-Born Workers Are Getting Killed In Biden’s Economy. Here’s Why

June 7, 2024
Popular Posts

Nearly 75% of new homeowners spend $10,000 on surprise repairs within 2 years — and some never budgeted for them

August 2, 2026

UNEARTHED INTERVIEW Reveals Wisconsin’s Dem-Socialist “Abolish ICE and Prisons” Frontrunner for Governor Admits to Being Diagnosed With Bipolar Disorder, Cutting Herself On Purpose, Spent Time in Psychiatric Hospital

August 2, 2026

British Band Massive Attack Banned in Singapore over Pro-Palestinian Flag Display

August 2, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.