By JOHN KANELIS / johnkanelis_92@hotmail.com
President Biden appears to have adopted the theory that it is best to just “go big … or go home.”
Thus, we have just witnessed the latest rollout of a massive economic recovery effort launched by the nation’s newest president. It is, as Joe Biden once whispered to President Obama after enactment of the Affordable Care Act, a “big fu**ing deal.”
It is going to cost a lot of money, around $2 trillion. Yep, that’s trillion with a “t.” It exceeds the cost of the COVID-19 relief package that Biden managed to push through Congress.
NBC News reports that Biden has pitched “a sweeping proposal that would rebuild 20,000 miles of roads, expand access to clean water and broadband and invest in care for the elderly.
Speaking at a carpenters training facility in Pittsburgh, Biden urged Congress to act on his proposal, called the American Jobs Plan, arguing that failing to make the investments would contribute to a weakening middle class and leave the U.S. at a competitive disadvantage abroad.
“I am proposing a plan for the nation that rewards work, not just rewards wealth,” Biden said. “It’s a once-in-a-generation investment in America, unlike anything we’ve seen or done since we built the interstate highway system and the space race decades ago.”
The plan would create millions of jobs, Biden said, and jump-start the fight against climate change. The proposal, which would be spent out over eight years, would be paid for over 15 years by raising the corporate tax rate from 21 percent to 28 percent, ending the Trump-era tax cuts.
Biden unveils sweeping $2 trillion infrastructure plan (nbcnews.com)
Is the Democratic president going to get any support from his Republican friends in both congressional chambers? Do not hold y our breath on that one. Already they are carping. So, too, are Democratic progressives, such as Rep. Alexandria Ocasio-Cortez, who said the Biden infrastructure bill doesn’t go far enough.
AOC needs to pipe down. It’s a huge deal. President Biden is planting his hope on the jobs that this major reconstruction effort will bring. In a way it reminds many longtime observers of the bold approach that a Republican president, Dwight D. Eisenhower, had when he proposed building the nation’s massive interstate highway system. Ike sold the highway plan as a national security imperative. Joe Biden wants the nation to battle climate change with the same level of ferocity.
I am acutely aware of the up-front cost of this massive project. I also am willing to invest in that effort if it allows us to put millions of Americans to work, allowing them to achieve their dreams and allow the nation to deal head-to-head with our worldwide competitors.
You go, Joe! I’m all in!
