This remarkable Truth Social post from Donald Trump is spot on, and hopefully marks a pivot point with Republicans recognizing the spectacular economic and scientific achievement of America’s global dominance in the digital age:
We’ve noted over and over on these pages that the tech companies have become globally dominant because we have let them flourish without excessive taxes, regulations, lawsuits and subsidies. This now $20 trillion American industry is one of the greatest testaments to the power of laissez faire economics in world history. And no: Al Gore did NOT Invent the Internet.
Mr. President, this is exactly why giving a $10 billion federal handout to Intel is a really, really bad idea. It will kill our domestic microchip industry.