Thursday, June 8, 2017

Trump's Big CON: Trump's $1B Infrastructure CON

UPDATE II:  "President Trump's "$1 trillion infrastructure plan” isn't $1 trillion and it isn't a plan. It's a $200 billion plan to have a plan that hasn't advanced beyond that stage for six months now.

The administration, though, has decided that this is “infrastructure week,” so this bare outline of an actual proposal is getting touted as if it's something that required more than five minutes of thought. Which is to say that it's not that different from the rest of Trump's agenda: bullet points that seem more appropriate for a tweet than for anything else. . .

It hasn't said how it would spend the $200 billion of its own, or how it would try to get corporations to spend the $800 billion of theirs, or how much that second part would cost in tax breaks. There's nothing to analyze, because there's nothing at all.

But it's not just that Trump doesn't have much of an infrastructure plan. It's that he doesn't have much of a legislative plan to pass it either. . .

Between replacing Obamacare and lifting the debt ceiling and cutting taxes, which, despite Trump's claim to be “moving along in Congress,” doesn't even exist right now, there isn't a lot of time for Republicans to do things before election season is upon us.

Trump has really had a Potemkin presidency so far. He stages elaborate photo ops for executive orders that, with the exception of his stalled travel ban, don't actually do anything of substance. He hosts celebrations for bills that have only passed one chamber of Congress. And he makes a big show out of unveiling half-finished policies that have been that way for a while.

In other words, Trump isn't a successful president, but he plays one on Fox News.

This is due to Trump's 140-character attention span; to his unfamiliarity with, and indifference toward, policy, and to his apparent cable TV-style belief that ratings matter more than results. You can see all of this in his approach to filling the government. The assistant secretaries and undersecretaries who don't make headlines but do make policy are almost entirely absent from the Trump administration. He just hasn't bothered to nominate anyone for those spots. He's been too busy feuding with the mayor of a city that's just suffered a terrorist attack to worry about having a team in place in, say, the Treasury Department. Which is why an infrastructure proposal that should have been fleshed out months ago is still stuck in embryonic form, perpetually “a few weeks away” from being ready.

Until then, make sure to compliment the emperor — I mean president! — on his new clothes.

Read the Washington Post, Trump keeps pretending his infrastructure plan is real. It’s not.

UPDATE:  "During his campaign, Donald Trump promised to spend $1 trillion on an infrastructure program that he likened to those of the New Deal era. When Hillary Clinton called for $275 billion in infrastructure investment, the Republican nominee vowed to spend at least twice that sum.

Last month, the White House released a budget that allocated $200 billion for spurring public-private partnerships in infrastructure investment — while cutting $144 billion from direct public spending on infrastructure.

The president has yet to release the full details of his new vision for repairing America’s crumbling roads and bridges. But a report from the New York Times on Saturday suggested that Trump’s new plan for federal infrastructure spending is to reduce it".

Read New York Magazine, Trump’s Big Infrastructure Idea Is to Privatize Air Traffic Control.

"When President Trump was running for the White House last year, his advocacy of a large investment in infrastructure was often cited as evidence that he wasn’t a traditional Republican. After all, would some doctrinaire conservative propose spending a trillion dollars of taxpayer money on government projects to shore up our roads, bridges and water systems?

But there was a bait-and-switch going on, one that becomes more evident as we get closer to seeing the details. . .

The problem with what the Trump administration proposes is that while the number $1 trillion gets mentioned a lot, that’s not actually what it wants to spend. The budget proposal the White House released called for $200 billion in new infrastructure spending, but Democrats noticed that it simultaneously made over $200 billion in cuts to existing spending. For the most part, the administration wants to pass costs on to state and local governments and hope that private investors come up with the rest of the money. . .

That might save some money in the very short run, but it means that consumers keep paying, basically forever. In the traditional approach, government spends the money to build, say, a bridge, and then it’s built and it belongs to the taxpayers. There are maintenance costs, but that’s it. In the Trump approach, the government gives almost as much money in tax breaks as it would have spent building the bridge, but it belongs to the developer, who charges tolls that everyone who uses the bridge has to keep paying. . .

[In other words this] the basic structure of the plan: having taxpayers give a huge amount of money to private developers, so that those developers can then turn around and charge people even more to use the systems that get built."

Read the Washington Post, Trump will never get help from Democrats in passing his infrastructure plan. Here’s why.

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