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President Obam’s pitch for $50 billion infrastructure

Submitted by on 7 January, 2018 – 4:32 am

President Obama made a strong launch of its proposed 50 billion U.S. dollars for infrastructure Monday, but in the context of Paul Krugman, “Hey, little Spender” column in the New York Times the morning, it felt like too little too late. The president brought along two Republicans, Secretary of Transportation Ray LaHood as well as the man who had that job under George HW Bush, Samuel Skinner, going back to a time when spending on roads, tunnels and bridges was a matter of both parties. After all, Republicans in Congress passed a transportation project record after he took back Congress in 1994, right?

Those were different times. It is no accident Obama dragged along a Republican White House 1980. Now, even the governor of New Jersey Chris Christie, considered by some as a pragmatist, is making a big show of the cancellation of his state of the tunnel rail project long overdue. Republicans reject the spending on infrastructure, and which I think is a good policy to do that now, and the fact that such spending creates jobs and build or modernize key public projects do not seem to matter. In fact, the job creation aspect of the infrastructure of Obama’s plans probably charges against the Republicans seem determined to block any effort to put Americans back to work if the Democrats would benefit politically.

The ever-optimistic governor of Pennsylvania, Ed Rendell, who appeared with Obama today, stresses the infrastructure project will get the Republican votes over time. “The infrastructure has always had bipartisan support. I think it’s that Republicans, if they do win [the house] could join Democrats,” Rendell said political. But the Senate, Mitch McConnell, Majority Leader said, “After the administration was committed to a billion dollars in stimulus money borrowed create 4 million jobs and keep unemployment rate below 8 percent .. . the government wants to do it again, this time with more new taxes to spend more. “

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