Posted on 04/12/2021 5:37:58 AM PDT by deport
President Biden's top national security and economic advisers are trying to address a critical supply crunch that is slowing U.S. automobile manufacturing and threatens other sectors, including national security, according to experts.
National security adviser Jake Sullivan, National Economic Council director Brian Deese, and Commerce Secretary Gina Raimodo will meet with executives from 19 companies to discuss growing shortage of semiconductors, a key component of many computerized electronics.
The shortage touches nearly every industry, but U.S. auto makers have been especially hit hard. General Motors, Ford and Stellantis (formed by a merger involving Fiat Chrysler) have all temporarily closed down auto plants, as the companies wait for more supplies of the parts needed for increasingly computerized cars.
(Excerpt) Read more at npr.org ...
the point is the crisis gives them time to convert to electric cars...
it will be months before the chips are available
im sure that corp tax hike is a real incentive to cooperate ..
Let the private market solve their own supply chain problems.
Watch as Krugman and the rest of the Media Wing of the DNC saddle on this as a good thing because it indicates a Biden-led economic boom.
What did they think would happen when they shut down the economy due to Covid and Orange Man Bad?
suppliers would just sit around forever and wait for our government apparatchiks to turn things back on without making any adjustments?
You know this is a LIE.
If the automobile industry really shut down, they would be celebrating. They have been trying to shut it down for decades.
HOW are they going to "convert to electric cars" with no chips for THEM, either?? That was MY point.
Last year, they shut down for MONTHS because of COVID and are now wondering why there is no supply?
Not just China, domestic also.
Christmas is going to bare this year.
Biden says I don’t know anyone named chip your right there is a shortage.
Ford?
GM, LM7 5.3. My old Tahoe, ordered a Comp through a supplier.
OMG we are gonna have to go back to blinkers, situational awareness and rear view mirrors again!-)
I thought PDJT solved this with a MAJOR CHIP SET MANUFACTURE Taiwanese Company agreeing to set up in the USA.
Biden probably cancelled as he did with everything else.
This might explain why ball bearing production has
fallen off. My neighbor works at one and they were
surprised by it.
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