The $1.6bn Biden-era plan for a gas-powered blast furnace at a steel mill in Middletown, Ohio, is indefinitely on hold
A Biden-era plan to implement a gas-powered blast furnace at a steel mill in Ohio, which would have eliminated tons of greenhouse gases from the local environment year over year and created more than a thousand jobs, has been put on hold indefinitely by the Trump administration.
Experts and locals say the setback could greatly affect the health and financial state of those living around the mill.
So when two years ago, the steel mill successfully trialed a hydrogen gas-powered blast furnace, the first time the fuel had been deployed in this fashion anywhere in the Americas, she was delighted. It cost an estimated $1.6bn, and the Biden administration, through the Inflation Reduction Act (IRA), coughed up $500m to help cover the cost of installing the technology.
Dems giving billions of dollars to corporations hoping $20 trickles down is fucking stupid.
It never makes it to the people, so the people don’t feel like they’re being helped, and a Republican wins elections.
Dems need to help Americans directly, then the people will vote for them. If a corporation dies, so the fuck what? They’re trying to have as few employees as possible and to pay them as little as possible. It’s not a secret. That’s literally what capitalism means.
Dems giving billions of dollars to corporations hoping $20 trickles down is fucking stupid.
It’s not, it’s building out infrastructure. Steelmaking is essential.
Not having steelmaking will hurt Americans more than subsidising it.
Making steelmaking green is a high priority and it was a good investment by the Biden administration.
If it’s essential…
Why are we letting a private corporation who only cares about increasing profit margin in the next quarter?
Shouldn’t that be a nationalized industry so we can plan what’s best for the country long term?
Why are we privatizing something so necessary?
Steelmaking is essential.
If that’s the case we should nationalize it and quit giving taxpayer money to these billion dollars leeches
it was a good investment by the Biden administration.
No, it was naked corruption in the face of rising fascism that moderate Dems were too busy giving kickbacks to their friends to effectively prevent
You’re not supposed to follow logic to it’s rational end!!!
If we did that, capitalism wouldn’t still be happening!
Dems need to help Americans directly
The way they fell all over themselves to kill stimulus checks and enhanced unemployment as quickly as possible in 2021 was super telling, there’s a lot of Dems that fear empowering working class people more than anything so they’re constantly trying to route government money through state agencies or nonprofits or businesses to make sure “responsible” people get to set conditions on things poor people need to survive
I always thought the timing on events surrounding that was super sus. 1st Bernie tricks congress into giving people a weekly check. Que the powers that be clutching their pearls and decrying “nobody wants to work anymore!” Next we have one of the largest influxes of immigrants we’ve ever had, with the border more or less flung open. Lots of cheap willing labor. Lord forbid American workers get a leg up. And once again we’re fighting anything but a class war.
Edit: don’t get me wrong, I’m not hating on anyone who showed up looking for a better life. I hate the powers that be scheming to keep the price of labor low, scheming to sow discord and xenophobia in a crass and clumsy reaction to a huge swath of our population not needing their peon style economic arrangement for a few mere weeks.
