Sunday, April 4, 2021

Losing both liberals and middle states

It is not just the repubs in middle states who reject the infrastructure 

Biden administration officials on Sunday reiterated the President’s hope for bipartisan support for his infrastructure proposal amid Republican senators signaling their opposition to the plan, which they argue doesn’t focus enough on traditional infrastructure.

Liberals want cash payments to the pensions funds and cash payments to individuals.  Repubs know the middle states will be left with little benefit.

Illiquidity is rampant, the central government is likely to botch this because infrastructure is not liquid, it cannot be traded off for other priorities. Cash payments work best.  The whole m,ess will evolve into another covid stimulus, which is the best we can do.

Take the California HSR. The infrastructure might get us as far as another ten miles after ferocious battles. The liberals out her been there done they and prefer the cash be deposited into pension funds.

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