Trump’s One Trillion Dollar Infrastructure Boondoggle. Handing Over Public Assets to Private Corporations
We are going to fix our inner cities and rebuild our highways, bridges, tunnels, airports, schools, hospitals…. And we will put millions of our people to work as we rebuild it. — President Donald Trump
Donald Trump’s $1 trillion infrastructure plan is not an infrastructure plan and it won’t put $1 trillion of fiscal stimulus into the economy.
It’s basically a scheme for handing over public assets to private corporations that will extract maximum profits via user fees and tolls. Because the plan is essentially a boondoggle, it will not lift the economy out of the doldrums, increase activity or boost growth. Quite the contrary. When the details of how the program is going to be implemented are announced, public confidence in the Trump administration is going to wither and stock prices are going to plunge. This scenario cannot be avoided because the penny-pinching conservatives in the House and Senate have already said that they won’t support any plan that is not “revenue neutral” which means that any real $1 trillion spending package is a dead letter. Thus, it’s only a matter of time before the Trump’s plan is exposed as a fraud and the sh** hits the fan.