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

TSMC’s $100 Billion Arizona Expansion Shows The Stock Is a No-Brainer Buy

August 22, 2026

How Important Are the Upcoming November Elections? * The Gateway Pundit * by Guest Contributor

August 22, 2026

Kristen Stewart Wants a ‘Twilight’ Sequel Where Her Character Is a Lesbian

August 22, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Saturday, August 22
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    How Important Are the Upcoming November Elections? * The Gateway Pundit * by Guest Contributor

    August 22, 2026

    Convicted Murderer Karmelo Anthony’s Terrifying School Records and More Stunning Texts are Revealed for the First Time, Including “Imma Shoot the School Up Tmr”

    August 22, 2026

    Karoline Leavitt Reveals What Her New Job Will Be After Leaving the White House * The Gateway Pundit * by Cullen Linebarger

    August 22, 2026

    “You Are 1% of This Nation…This City Is No Longer Under American Law…Enough is Enough!” – Christian Pastor Absolutely EXPLODES on Dearborn City Council During Meeting (VIDEO)

    August 22, 2026

    Starbucks Headquarters in Seattle Lays Off Hundreds as They Prepare to Send Jobs to Nashville * The Gateway Pundit * by Mike LaChance

    August 22, 2026
  • Health

    Cannabis Use Disorder Is Rising— Public Health Needs To Catch Up

    August 21, 2026

    New clues emerge in direction of RFK Jr.’s vaccine policy changes

    August 21, 2026

    Ebola vaccine, Meta glasses, prostate cancer: Morning Rounds

    August 21, 2026

    What We Can Learn From Taiwan And Egypt About Ending Endemic Disease

    August 21, 2026

    Science, risks and data behind focal therapy for prostate cancer

    August 21, 2026
  • World

    South America Produces 4,000 Metric Tons of Cocaine per Year, Argentine Minister Says

    August 22, 2026

    ‘Survival Mode’: Indiana Residents Endure A Ninth Day Without Power

    August 22, 2026

    Pope Leo XIV Meets Lebanese President, Expressing ‘Serious Concerns’ on Implementing Israel Peace Deal

    August 22, 2026

    Federal Court Is Asked To Block Kennedy Center From Returning Trump’s Name To Building

    August 22, 2026

    Homeland Security Sends First 20 Deportees to Liberia

    August 22, 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

    TSMC’s $100 Billion Arizona Expansion Shows The Stock Is a No-Brainer Buy

    August 22, 2026

    3 Dividend ETFs Worth Buying Before September

    August 22, 2026

    Warren Buffett sends investors 10-word stock market warning

    August 22, 2026

    I’m 44 with $1.3 million in my 401(k) — can I stop contributing and still retire in 15 years?

    August 22, 2026

    Bond market sends rates scrambling

    August 22, 2026
  • Tech

    Tech Giants Scramble to Calm Public Anger over AI Data Centers

    August 22, 2026

    TikTok Agrees to $400 Million Settlement over Child Privacy Violations

    August 22, 2026

    James Talarico Shuts Out Local News at Campaign Event

    August 22, 2026

    Darth Vader Shows Up at San Diego City Council Meeting to Mock Flock Cameras

    August 22, 2026

    ‘Grand Theft Auto 6’ Clips Point to Leakers Having Full Playable Build of Blockbuster Game

    August 21, 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  Texas Bans Children from Social Media Without Parental Consent

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

Harry and Meghan’s UK Return Branded ‘Crass’ Over ‘Monarchy Crisis’

August 22, 2026

‘Suits’ Redux? Meghan Markle Could Return to Acting When Back in UK

August 21, 2026

Trump admin taps JPMorgan alum Matt Zames to advise Social Security agency

August 21, 2026

Harry and Meghan’s US Dream ‘Shattered’ Before UK Return

August 21, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Trump Says Iran Asked for Meeting in Qatar on Tuesday

July 1, 2026

Oregon Is Dangerously Close To Banning Hunting And Fishing

May 29, 2026

Putin Rewards Loyalty As Defence Minister Keeps Job After Ukraine Rout

February 20, 2023

Kevin Costner Wife Demanding $248K a Month in Child Support amid Divorce

June 25, 2023
Don't Miss

TSMC’s $100 Billion Arizona Expansion Shows The Stock Is a No-Brainer Buy

Finance August 22, 2026

Taiwan Semiconductor Manufacturing (NYSE: TSM) made a major announcement as part of its second-quarter earnings…

How Important Are the Upcoming November Elections? * The Gateway Pundit * by Guest Contributor

August 22, 2026

Kristen Stewart Wants a ‘Twilight’ Sequel Where Her Character Is a Lesbian

August 22, 2026

Tech Giants Scramble to Calm Public Anger over AI Data Centers

August 22, 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 (6,414)
  • Finance (4,693)
  • Health (2,775)
  • Lifestyle (1,921)
  • Politics (4,326)
  • Sports (5,125)
  • Tech (2,545)
  • Uncategorized (4)
  • World (6,546)
Our Picks

MLB Commish Discouraged Teams from Wearing Pride Logos to ‘Protect Players’

June 19, 2023

12-Year-Old Girl Saved by Teammate’s Mom After Suffering Cardiac Arrest While Playing Soccer

May 4, 2023

IMF, Argentina reach staff deal on loan reviews to unlock $7.5 billion

July 29, 2023
Popular Posts

TSMC’s $100 Billion Arizona Expansion Shows The Stock Is a No-Brainer Buy

August 22, 2026

How Important Are the Upcoming November Elections? * The Gateway Pundit * by Guest Contributor

August 22, 2026

Kristen Stewart Wants a ‘Twilight’ Sequel Where Her Character Is a Lesbian

August 22, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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