IPFS News Link • United States Infrastructure
Here We Go with Infrastructure Again
• https://fee.org, Jeffrey A. TuckerDonald Trump said the following in his recent address to a joint session of Congress:
To launch our national rebuilding, I will be asking the Congress to approve legislation that produces a $1 trillion investment in the infrastructure of the United States—financed through both public and private capital—creating millions of new jobs. This effort will be guided by two core principles: Buy American, and hire American.
Barack Obama said the following in his 2011 State of the Union address:
Our infrastructure used to be the best, but our lead has slipped. ...We have to do better. ...So over the last two years, we've begun rebuilding for the 21st century, a project that has meant thousands of good jobs for the hard-hit construction industry. And tonight, I'm proposing that we redouble those efforts. We'll put more Americans to work repairing crumbling roads and bridges.
So, yes, pretty much the same, and a plan absolutely guaranteed to elicit cheers from Congress. The whole business of a Member of Congress is to pass out favors to campaign benefactors, and such bills are the perfect way to go about it. Whenever a president says "infrastructure spending," politicians think: this is my jobs program!