Although it’s popular to dislike anything President Trump proposes, its possible that his American infrastructure plan is the best such proposal since Eisenhower. Even Obama’s impressive infrastructure stimulus package may end up being on a smaller scale than what Trump proposes.
Those who question Trump’s proposal range from many of his fellow Republicans, to a wide array of Democrats. Ironically, given the state of political paralysis America now faces in Congress, its possible that if Trump’s infrastructure plan is scrapped due to his impeachment, America may languish with sub-standard infrastructure for years. This is because Republicans rarely approve infrastructure upgrades, and Democrats are careful about advancing large agendas when they’re in power.
Part of the reason for the political paralysis in Congress is the radical disagreement about economics and the role of government in the economy. On a political and economic level, the left and right of America are caught in a Keynesian Economics time warp. This is shown by how many on the left ignore the perils of the debt Keynes advocated, while many on the right have shown an allergy to debt. Both sides seem reluctant to realize much has changed since Keynesian ideas were adopted in the 1930s.
Although Keynes never advocated for the type of debt we see today, the influence of his economic ideas has been incredible. His idea that debt is something to embrace has invaded almost every pore of the developed world. As a result, debt has exploded in governments, businesses, and individual households too. This has led some analysts to say that Keynes’ ideas have led to an economic shift on a micro and macro level. As many remember, debt on all levels, from households to nation-states, used to be something to not only be monitored closely, but also in many cases shunned.
Regarding the Trump infrastructure proposal, many on the left dislike it since it doesn’t go as far as FDR’s New Deal of the 1930s. In addition, many on the right question it since they feel infrastructure concerns are over-stated, and too costly.
Agreeing with even one aspect of President Trump’s ideas is a hard sell to those who prefer smooth politicians. Obviously, his demeanor and communication style is highly unconventional. As a result, there are those who now tune Trump out at every turn regardless of what he proposes. Although political operatives now urge supporters to resist the opposition at all costs, it’s unfortunate there can’t be more bipartisan support on a basic idea like infrastructure. After all, this type of proposal, since it avoids the emotions common with social issues, is a natural fit for bipartisan support.
While Trump’s plan could be vastly improved by increasing the amount of federal dollars from $200 Billion, his goal of raising a total of $1.5 Trillion by creating public-private partnerships with business is not without merit. After all, many countries through the world and some Democrats now tout such ideas. This is because implementing strictly government-funded programs that add to debt without tax increases is unstable. Therefore, since tax increases are unpopular with all but the Progressives of the left wing, many politicians have embraced the cozy language of public-private partnerships.
In the long run, since America’s infrastructure is falling behind, there needs to be ways of getting both parties to compromise and move beyond the harsh political dogma in today’s society. Obviously, the Democrats have a point about increasing the amount of federal dollars allocated far beyond the $200 Billion level. However, since America’s debt is so high, it’s fair to think there could be a strong role for private business to play. Therefore, Trump’s business-friendly concept may work if tweaked through negotiation, and given a non-politicized chance. After all, even though certain politicians demonize business, the fact remains that for much of the developed world, private business provides not only goods and services, but also much of the creative color that enriches our lives.
The sad reality is that much of America’s infrastructure such as roads, trains, bridges, and airports is in need of repair. On this issue, it’d behoove us to acknowledge that Trump is addressing this serious matter. Now we should challenge the dealmaker that he is to work with both sides of the political aisle to get the job done.