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As Biden touts Ohio Intel plant, Rep. Tim Ryan questions his 2024 plans

Published Sep 09, 2022 06:07AM ET Updated Sep 09, 2022 03:43PM ET
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2/2 © Reuters. U.S. President Joe Biden gestures as he delivers remarks at a reception for the Democratic National Committee in National Harbor, Maryland, U.S., September 8, 2022. REUTERS/Evelyn Hockstein 2/2
 
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By Trevor Hunnicutt and Steve Holland

NEW ALBANY, Ohio (Reuters) -President Joe Biden made an election-year visit to an overwhelmingly Republican part of Ohio on Friday for the groundbreaking of a semiconductor plant that he promoted as evidence that his economic policies are working.

But his trip was punctuated by comments from a fellow Democrat, Ohio Representative Tim Ryan, who is now running for the U.S. Senate. On Thursday, Ryan publicly questioned whether the party needed new leadership after he was asked if the 79-year-old president should run for re-election in 2024.

Biden traveled to Licking County near Columbus to speak at the site of Intel Corp (NASDAQ:INTC)'s new $20 billion semiconductor manufacturing facility and hailed it as a sign of things to come.

"The future of the chip industry is going to be made in America," he said. "The industrial Midwest is back."

The trip is part of a White House pre-midterms push to tout new funding for manufacturing and infrastructure Biden's Democratic Party pushed through Congress, while decrying opposition Republicans backed by former President Donald Trump as dangerous extremists.

Previous trips to Maryland, Pennsylvania and Wisconsin have landed the president in areas where Democrats already have strong support, but Licking County voted Republican 63% to 35% in the 2020 presidential election.

Democrats have lost Ohio in the past two presidential contests, but Republican Senator Rob Portman's retirement may give Democrats a chance to pick up a Senate seat.

Some recent forecasts show Democrats favored to maintain control of the Senate, after a series of wins in Congress. But not all candidates welcome Biden's campaigning support.

Ryan, who currently represents Ohio's 13th congressional district, is running against Republican J.D. Vance, a venture capitalist and author of the book "Hillbilly Elegy," who has Trump's backing.

Asked Thursday if Biden should seek a second term, Ryan told Youngstown, Ohio, network WFMJ, "My hunch is that we need new leadership across the board - Democrats, Republicans, I think it’s time for a generational move."

Ryan, who has broken with the president on some issues, has not asked Biden to campaign with him in the state, but was present at the Intel groundbreaking for the president's remarks.

Pressed later by reporters if Biden should run again, Ryan said that was up to the president. “The president said from the very beginning he was going to be a bridge to the next generation, which is basically what I was saying," he said.

Vance accused Ryan of hypocrisy. "It takes a real two-faced fraud for someone to tell Ohioans he doesn’t support Biden running for reelection, the literal day before he appears at an event with him," he said.

Trump’s political organization announced on Monday that Trump will appear at a rally for Vance in Youngstown, Ohio, on Sept. 17.

CHIPS ACT PROJECTS

Intel backed the Ohio project in anticipation of the passage of the Chips and Science Act, a funding law that Biden signed last month after some Republicans joined Democrats to support it, the White House says.

The Chips act is aimed at jumpstarting the domestic production of semiconductors in response to supply-chain disruptions that have slowed the production of automobiles.

A string of other companies have announced new semiconductor plants resulting from passage of the Chips act, which authorized about $52 billion in government subsidies for U.S. semiconductor production and research, and an investment tax credit for chip plants estimated to be worth $24 billion.

"Industry leaders are choosing us - the United States - because they see America's back and America's leading the way," Biden said.

Intel timed an announcement that it has distributed $17.7 million to Ohio colleges and universities to develop semiconductor-focused education and workforce programs, part of a $50 million education and research investment in the state, to Biden's visit.

The Intel facility will contain at least two fabricating plants that the White House said will be built by union labor, creating more than 7,000 construction jobs and 3,000 full-time jobs producing cutting edge chips.

As Biden touts Ohio Intel plant, Rep. Tim Ryan questions his 2024 plans
 

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Comments (7)
Kris Jay
Kris Jay Sep 09, 2022 3:57PM ET
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how did Biden do this really?  By taking $52B of taxpayer's money, the majority from middle to lower income families who dont have stock in INTL, NVIDA, AMD, MICRON and giving it to some of the richest workers (with highest salaries and million dollar 401Ks) in the world.   Not hard to accomplish somehting when money is no object.   For 1% of that I can get a Kardasian to get naked with me, it doesnt mean I'm good at getting things done.
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Kris Jay
Kris Jay Sep 09, 2022 3:57PM ET
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Brad Albright  well i understand your perspective.  when I talk to my dog, he tilts his head as he doesnt understand the basics of English grammar or have any intellect for vocabulary.   The facts remain, government only has tax payer dollars, it has no dollars of its own.  The companies listed have thousands of employees with stock options and large 401Ks,  the tax dollars are going to fund those companies to build fabs.  because the do not have the cost burden of the fabs (compared to the early semiconductor days, where it was bore by the company itself), earnings will be much higher.  So it is a gift to the stock holders of the companies who build fabs in the US, something that they should have done decades ago.   Like all security matters, government should have identified the weakness of TSMC being the sole source fab back in late 1990s early 2000s.
Kris Jay
Kris Jay Sep 09, 2022 3:57PM ET
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Brad Albright  while I am all for the security of semiconductors (and lithium, cobalt, neodymium and other metals) as a strategy, this is in fact a reverse distribution of wealth, where a black family in Baltimore's taxes will go to help build a fab for Intel or Micron or AMD, which then helps the profits of those compaanies, its stock (which that family does not have any) and their employees who are shareholders.
Brad Albright
Brad Albright Sep 09, 2022 3:57PM ET
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Prevaricator: ”taxpayer's money, the majority from middle to lower income families."
Brad Albright
Brad Albright Sep 09, 2022 3:57PM ET
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Fibber: "where a black family in Baltimore's taxes will go to help build".
First Last
First Last Sep 09, 2022 3:57PM ET
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Kris Jay   "I am all for the security of semiconductors"  --  If you don't like using taxpayers' $, then what's your solution?  And are you also against subsidizing US farmers?  Most of that $ goes to big company farms.
Gee Sss
Gee Sss Sep 09, 2022 3:48PM ET
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I don't really follow his speeches much but when did he start yelling every time?  He's been in politics over 50 years, he can't act like he wasn't a huge part of the problem and suddenly he's leading the charge.
jason xx
jason xx Sep 09, 2022 3:48PM ET
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What problem?
Brad Albright
Brad Albright Sep 09, 2022 3:48PM ET
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You know, American accomplishment, advancing human rights (Dodd excepted), better health care with millions more having access to it, a 13 year stock market bull run, enduring principles of peacefully coexistence in a pluralistic representative democracy... those problems.
Gee Sss
Gee Sss Sep 09, 2022 3:48PM ET
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Brad Albright Good lord you actually believe that don't you.  Quite sad.  Never believe your own marketing, friend.  American Exceptionalism has come at the cost of millions of lives, both lost and displaced.  Human rights isn't exactly one of Biden's fortes as the crime bill he drafted and supported led to exponentially worse outcomes for marginalized families.  The stock market bull run is more to do with the federal reserve propping up the economy, any Tom, Richard or Harry could have been president or VP and the outcome would have been the same.  And peaceful representative democracy.  Timber Sycamore my friend - the US is not a peaceful country.  You can ask more of your leaders, Biden certainly isn't one of the 'good ones'.  Though I'm not sure we've had a 'good one' in decades.
Mitchel Pioneer
Mitchel Pioneer Sep 09, 2022 3:44PM ET
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Savvy "investors" crawling over each other to pay the highest price of the day heading into the weekend, for the most grossly overvalued equities in the world.  Where's the "late trade" plunge?  Fraudulent, criminally manipulated JOKE.
First Last
First Last Sep 09, 2022 3:44PM ET
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Be relevant to article
jason xx
jason xx Sep 09, 2022 3:44PM ET
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How much did you lose shorting this week? Take your losses like a man
Ethel Basset
Ethel Basset Sep 09, 2022 7:10AM ET
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BOZO!
Maximus Maximus
Maximus Maximus Sep 09, 2022 7:10AM ET
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yeah, shout it out! and hear the ecco inside your empty skull
Robert Roesner
Robert Roesner Sep 09, 2022 6:56AM ET
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Maybe he's trying to MAGA
Jack Bquick
Jack Bquick Sep 09, 2022 6:29AM ET
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Small to tiny crowds everywhere this guy goes. No one is interested in seeing or hearing him. Unpopular like his party!
tim banks
tim banks Sep 09, 2022 6:29AM ET
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81 Million votes. he won. get over it
First Last
First Last Sep 09, 2022 6:29AM ET
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Trump has been cancelling his rallies because not enough tickets were sold.  Can't even give them away.
Cody Hawkins
Cody Hawkins Sep 09, 2022 6:29AM ET
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I dont care for Trump, but I have yet to see pictures of a rally that have less than 1000 ppl. Can you provide a source?
First Last
First Last Sep 09, 2022 6:29AM ET
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Cody Hawkins   6k is not as low as your 1k:  www.forbes.com/sites/andrewsolender/2020/06/21/turnout-at-trumps-tulsa-rally-was-just-under-6200a-fraction-of-the-venues-19200-capacity
Brad Albright
Brad Albright Sep 09, 2022 6:25AM ET
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Biden gets results! "7,000 construction jobs and 3,000 full-time jobs producing cutting edge chips."
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Brad Albright
Brad Albright Sep 09, 2022 6:25AM ET
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Gee Sss It sounds like you only want what's best for America, comrade.
Gee Sss
Gee Sss Sep 09, 2022 6:25AM ET
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Brad Albright I do, actually.  Unfortunately I don't see it in either party.  Fun fact: Russia and Chinese troll armies play both sides to make you hate your neighbour and family.  Has nothing to do with Trump or republicans.  Show me where what I said is wrong though.  Small/med business employs more than half the US population and got the short end of the stick with funding/loans.  Credentialism has created an environment where you need a useless degree to tick off a box on HR forms to get a job that didn't even require an HS diploma 20 years ago.  Even then, I said these factories are important but none of this stuff works the way its intended.  Show me where I'm wrong Bradley.
First Last
First Last Sep 09, 2022 6:25AM ET
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Gee Sss   US has a shortage of skilled/educated workers.  So we should stop w/ the book-burning, creationism/young earth/intelligent design, Qanon conspiracy, anti-higher education, anti-science bs.
Gee Sss
Gee Sss Sep 09, 2022 6:25AM ET
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First Last There's a shortage of trade workers and experienced tech workers.  Unfortunately there are no positions for entry level STEM so they GET experience.  You either brown nose recruiters for pity positions or you don't work.  Anti-higher education?  Yes, unfortunately more english, sociology and gender studies majors don't really fill the skilled labour gap.  Any office job they'd end up doing doesn't actually require skills.  Look at South Korea for what happens when you have "too many" graduates - 30% unemployment rate among 4 year graduates and a severe shortage of blue collar workers.
Bob Ruppert
Bob Ruppert Sep 09, 2022 6:25AM ET
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Brad Albright getting paid by the post?
 
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