Biden's $2.3 Trillion Infrastructure Plan Is Teeming With Cronyism

[aociswundumho]

Biden's $2.3 Trillion Infrastructure Plan Is Teeming With Cronyism

"A crony anti-infrastructure plan" is, sadly, the best description of the Biden administration's proposed $2.3 trillion infrastructure plan. It's insanely...

reason.com

"A crony anti-infrastructure plan" is, sadly, the best description of the Biden administration's proposed $2.3 trillion infrastructure plan. It's insanely expensive and unnecessary, especially coming, as it does, on top of last year's fiscal insanity.

...

Yet they're eagerly subsidizing their big corporate friends whether these companies need it or not.

And in most cases, they don't, since they are big infrastructure investors already. AT&T, Verizon, and others are set to receive $100 billion for broadband despite their collective investment of more than $50 billion in broadband-related network infrastructure. The same is true of electric power companies, which are not only profitable firms but also massive investors in the electrical grid. In fact, during the pandemic, they actually increased their capital expenditures (or CapEx) to $141 billion from $121 billion. Yet, they will also get $100 billion.

This is what Joe Biden has been doing for the last 48 years. It's nothing new.

Biden's plan also includes hundreds of billions that have nothing even remotely to do with infrastructure. One example is a $400 billion handout to expand access to long-term home- and community-based care services under Medicaid, and extend its Money Follows the Person program. While this has nothing to do with infrastructure, The Wall Street Journal explains how it has everything to do with bolstering unions, writing that Biden's proposal highlights that "his home-care plan would 'create good middle-class jobs with a free and fair choice to join a union…and the ability to collectively bargain.' This is where the SEIU comes in." The Service Employees International Union, they write, "has been able to exploit Medicaid home-care programs to expand its membership with help from state Democratic lawmakers."

Labor cartels are politically powerful, and when decisions are made by politics, the politically powerful tend to get their way.

 

[Exquisitor]

To the victor goes the spoils.

Too bad, the Reprobates brought it on themselves.

 

[Tbird19482]

Biden's $2.3 Trillion Infrastructure Plan Is Teeming With Cronyism

"A crony anti-infrastructure plan" is, sadly, the best description of the Biden administration's proposed $2.3 trillion infrastructure plan. It's insanely...

reason.com

...



This is what Joe Biden has been doing for the last 48 years. It's nothing new.



Labor cartels are politically powerful, and when decisions are made by politics, the politically powerful tend to get their way.

It is not like the Republicans don't do the same thing when they are in control
they all will do what they have to to get reelected
Have a nice afternoon

 

[jpn]

Biden's $2.3 Trillion Infrastructure Plan Is Teeming With Cronyism

"A crony anti-infrastructure plan" is, sadly, the best description of the Biden administration's proposed $2.3 trillion infrastructure plan. It's insanely...

reason.com

What a silly article. Not a single example of actual "cronyism."

Libertarians are all upset because the Democrats are finally addressing longstanding deficits in public investment so they lash and and call names.

Example from the article:
"AT&T, Verizon, and others are set to receive $100 billion for broadband despite their collective investment of more than $50 billion in broadband-related network infrastructure."

Yes, uh-huh. That's because broadband companies don't run their equipment into underserved locations, like rural communities, because it isn't economically viable. That's where government steps in. By funding the expansion of fiber-optic cables and the like, these communities will now be able to enjoy the benefits the rest of us already have simply because of where we happen to live. This will help lift people out of poverty by furnishing a way they can attend schooling, participate in remote jobs, and open on-line businesses from home.

But "Reason" magazine characterizes this a "cronyism."

Fail.

 

[Waddy]

You think the Democrats oppose their biggest donors? Silly boy.

 

[Lord Tammerlain]

Next thing you know they will hire friends and family to work for the government and provide cabinet positions for large campaign contributors