" The Biden Administration has proposed what it calls a $2.3 trillion “infrastructure” legislation which it calls the “American Jobs Plan.” Far from addressing the huge deficit in America’s highway, bridges, railway, electric grid, water supply and such economically vital infrastructure that would address critical problems in the functioning of the economy, the Biden planners have cynically taken a politically popular word, “infrastructure,” and packed hundreds of billions of dollars into economically wasteful, destructive initiatives having more to do with the Green Agenda than rebuilding a healthy economy. If passed, it will have negative consequences for the world’s once-leading economy with serious geopolitical implications." ..........."
No surprise then that now the Biden team has rushed another multi-trillion bill to Congress. The $2.3 trillion American Jobs Plan is a bill where way less than half of the measures have to do with conventional infrastructure investment in roads, rails, electric grids, water supplies, ports or airports—all the areas essential to the efficient functioning of the economy. A total of $750 billion or only 32% of the total actually goes for infrastructure such as highway or bridge repairs. Yet even that total includes only $115 billion of real infrastructure for highways, bridges, and surface streets. But the $750 transportation infrastructure section proposes $174 billion for more government subsidies for Green Agenda electric vehicles in what might be called a “make Elon Musk richer” subsidy. The White House fact sheet says that this will help make the US more competitive with China’s electric cars. But the best selling E-car in China today is Musk’s Tesla. That $174 billion is far more than the total $115 billion earmarked for real highway, bridge and transportation infrastructure spending. Yet the White House promotes the bill by referring to the need to address America’s crumbling highways and bridges as though this was what the bill is focused on. " ...............https://journal-neo.org/2021/06/02/b...tructure-bill/