Krystal and Saagar dive into the private sector benefits in Biden’s bipartisan infrastructure package.
Mitch McConnell unveiled the Republican Party’s corporate-friendly, $800 billion infrastructure plan – paid for by you!
Infrastructure won’t happen until the Democrats regain control.
Donald Trump isn’t the first president, or even the first Republican president, who has sought to define his legacy in part with a big construction project. Abraham Lincoln signed legislation providing the land grants and financing that created the transcontinental railroad. Theodore Roosevelt built the Panama Canal. Dwight Eisenhower built the interstate highway system.
But Trump’s wall is different, and not just because it probably won’t actually get built. Previous big construction projects were about bringing people together and making them more productive. The wall is about division — not just a barrier against outsiders, but an attempt to drive a wedge between Americans, too. It’s about fear, not the future.
Why isn’t Trump building anything? Surely he’s exactly the kind of politician likely to suffer from an edifice complex, a desire to see his name on big projects. Furthermore, during the 2016 campaign he didn’t just promise a wall, he also promised a major rebuilding of America’s infrastructure.
But month after month of inaction followed his inauguration. A year ago he again promised “the biggest and boldest infrastructure investment in American history.” Again, nothing happened.
Last month there was reportedly a White House meeting to game outa new infrastructure plan. This time they mean it. Really. Would this administration ever lie to you?
The interesting question is why Trump seems unwilling or unable to do anything about America’s crumbling roads, bridges, water supplies and so on. After all, polls show that a large majority of the public wants to see more infrastructure spending. Public investment is an issue on which Trump could get substantial Democratic support; it would lift the economy, and also help repair the public’s perception that the administration is chaotic and incompetent.
Yet everything points to two more years of occasional bombast about infrastructure, with no follow-up. Why the paralysis?
Some news analyses suggest that it’s about money, that big infrastructure spending would happen if only Republicans and Democrats could agree on how to pay for it. But this is being credulous. Remember, in 2017 the G.O.P. enacted a $2 trillion tax cutwith absolutely no pay-fors; the tax cut is completely failing to deliver the promised boost to private investment, but there is no sign of buyer’s remorse.
So Republicans don’t really care about using debt to pay for things they want. And Democrats, whose top policy wonks have been telling them that deficit fears are excessive, would surely support a program of debt-financed infrastructure spending.