President Biden made some exaggerated and misleading statements in a recent ABC News interview regarding U.S. share of global semiconductor production and Trump's comments on injecting bleach. Polls show Trump gaining in popularity against Biden. Job growth under Trump was impacted by the COVID-19 pandemic, with a net loss of jobs by the end of his term.
Key Points
Decline in U.S. semiconductor fabrication capacity from 40% to 11% in 2019
Investments under the CHIPS Act aimed at increasing U.S. fab capacity
Incorrect portrayal of Trump's comments on injecting bleach
Trump gaining in national polls against Biden
Impact of COVID-19 on job growth under Trump and Biden
Pros
Biden's efforts to boost chip manufacturing capacity in the U.S.
Lower greenhouse gas emissions from wind farms compared to fossil fuels
Cons
Exaggerated claims about U.S. share of semiconductor production
Misleading statement regarding Trump's comments on injecting bleach