Infrastructure for the 21st century

I long for the days when I could have a rational discussion with someone I disagree on the serious issues of the day without that person spouting a stream of totally unsubstantiated falsehoods. In other words lies. I’m pointing my finger at you, Republicans, almost without exception.

Discussions with Democrats are also often frustrating. But that is because the Democrats include a wide range of differing views and the disagreements are generally over strategy. I’m thinking of you Joe Manchin. Not over the role of government in attempting to solve problems or denying that problems even exist. And Democrats are not inclined to interrupt a serious discussion with a rude critique of your mother’s footwear. I still remember being told, “Your mother wears army boots.” I was on the first grade playground at recess at the time.

Republicans will call you every name in the book at the drop of a hat. They will insult your relatives, living and dead. And charge you with a wide variety of crimes without the slightest bit of evidence. They also live in an alternate universe where up is down, down is up, and things you can see right before your own eyes are somehow not true. They revere the framers who wrote our Constitution, except when they ignore it.

Republican hypocrisy knows no bounds:

  • Senate rules are sacrosanct unless they need to be broken to thwart a Democratic proposal.
  • Deficits are bad but only if there is a Democrat in the White House.
  • The purpose of the federal government is to “provide for the common defense,” quoting the magnificent preamble to our Constitution, ignoring the fact that the phrase is part of a list and imminently following are the words, “promote the general welfare.”
  • Infrastructure means roads. That’s it. Roads.

Let’s put the debt debate aside for now except for to state that the evidence is clear, economics is an art, not a science. We really don’t understand what it is going on. Starting with Ronald Reagan, Republican, yes, Republican presidents have greatly increased the national debt by cutting taxes and increasing defense spending. Yet the inflation that was predicted by my college economics teacher (we used Paul Samuelson’s Principles of Economics) did not really appear. Go figure. For more right now I refer you to a great piece by John Oliver.

What this means is, while we should be watchful, and Fed Chairman Jerome Powell seems to be, we do not have to be afraid of some Covid related economic stimulus. Republicans opposed the latest round of Covid economic payments even when Donald Trump asked for them. We also do not need to be afraid of a big infrastructure program. The Republicans are outraged at the infrastructure program, arguing that it will increase the debt and complaining that Democrats are extending the traditional definition of infrastructure.

Republicans don’t seem to have a problem with repairing the nation’s highways and bridges. Republican Dwight Eisenhower signed the legislation that created the Interstate Highway System in 1956 after all. But Republicans like highways that connect towns in rural America. Transportation projects that benefit urban areas do not get their approval. I take the New Jersey Transit train under the Hudson to Manhattan and always wonder if the crumbling tunnel, built in 1910, is going to cave in on the 200,000 people who use it every day. In 2012 the tunnel was inundated with millions of gallons of salt water during Super Storm Sandy. The water left behind corrosive chlorides, which continue to damage the already aged concrete and wiring. A Republican New Jersey Governor, Chris Christie, and a Republican President, Donald Trump, each killed a project to build a replacement.

But where the Republicans most throw up the roadblocks is where it comes to infrastructure they claim is outside of the “traditional” definition of the word. I disagree. But I also don’t care. We do not live in a stagnant word. We can be respectful of our traditions but should not be afraid to change them for the public good.

So I am on board with what some analysts are calling “Social Infrastructure”:

Social infrastructure can be broadly defined as the construction and maintenance of facilities that support social services. Types of social infrastructure include healthcare (hospitals), education (schools and universities), public facilities (community housing and prisons) and transportation (railways and roads).

Aberdeen Standard Investments

I do not understand why people cannot see that the nation depends on the health of its people, and the safety, and quality of its schools. We also need a 21st century power grid and high-speed rail would be nice. Child care for working parents is an economic necessity. In an information driven society, broadband connections for the entire population are essential. Faced with tremendous world-wide competition education, research and development are all that stands between America and second-class status.

The public seems to understand this even if the Republicans do not. A Quinnipiac University National Poll finds the Infrastructure Plan is popular with the public:


Q46 Do you support or oppose President Biden’s $2 trillion infrastructure plan?

—–

Support

Oppose

DK/NA

Total

44%

38

19

Republicans

14%

71

14

Democrats

81%

5

15


And even more popular if corporate taxes fund it as President Biden has proposed:

Q47 As you may know, President Biden has proposed funding his infrastructure plan by raising taxes on corporations. If it was funded by raising taxes on corporations, would you support or oppose President Biden’s $2 trillion infrastructure plan?

—–

Support

Oppose

DK/NA

Total

53%

39

9

Republicans

22%

70

8

Democrats

92%

6

2

Last but not least, expenditures on infrastructure, traditional and 21st century alike, have a large multiplier factor. Put simply, they pay off many times over. The benefits spread throughout the economy. The Eisenhower creation of the Interstate Highway System is credited with creating the long post-war expansion of the American economy. Studies show tax cuts for rich people and fiscal policies which benefit Wall Street do not have this positive effect. The proposed infrastructure projects should be seen as an investment in America’s future.

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Biden Meets the Press

For weeks the right-wing bobble heads on cable complained that President Joe Biden had not yet held a news conference. As if he didn’t have a few other things on his plate as he worked to clean up the mess his predecessor had left behind. This week he did face the press in a formal setting and, of course, the bobble heads complained about his performance.

I’m old enough to remember when reporters asked presidents questions and filed stories based on the answers they received. Today reporters ask questions and the stories are made up of the opinions of people I have never heard of speaking with great authority about things which have nothing to do with the answers.

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We Can Still Persevere

In the middle of this challenging time of pandemic and politics, a group of dedicated scientists on February 18, 2021 landed a car-sized rover designed to explore the crater Jezero on the surface of Mars. The picture above might look like one of NASA’s animations depicting the event. But it is not. The picture is real, taken by the HiRISE high resolution camera on the Mars Reconnaissance Orbiter, which has been circling the planet since March 10, 2006. The photo clearly shows the rover, named Perseverance, beneath its huge parachute. To take this photo, the crew directing the Orbiter had to calculate in advance the precise timing and position so they could instruct the Orbiter to aim its camera and catch Perseverance in flight.

The Entry, Descent and Landing phase of the mission is nicknamed the “seven minutes of terror.” It started when Perseverance entered the thin Mars atmosphere, travelling at almost 12,500 miles per hour. It ended seven minutes later when the rover, executing a Rube Goldberg machine-like series of maneuvers, touched down at a speed of less than two miles per hour. Anything faster and Perseverance would have been shattered into a collection of worthless parts spread across the Martian surface.

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Trump Trial #2 – sine die

US Senate

And so it is over. The second trial of Donald J. Trump, the only president to have been impeached twice, has adjourned. And Trump is now also the only president to have been found not guilty twice by the U.S. Senate. In the final tally, 57 senators, including 7 Republicans, found Trump guilty of high crimes and misdemeanors for inciting the mob that went on to breach and vandalize the Capitol, and to injure and kill law enforcement personnel. Forty-three senators found Trump not guilty. A supermajority of 67 being constitutionally required for conviction, the result was not guilty.

But only a handful of Trump’s most loyal supporters rushed to the cameras to proclaim that their leader had been exonerated by what goes down as the most bipartisan impeachment in history. The senators, and the world, saw the video of senators and members of the House fleeing for their lives during the attack on January 6th. They saw the Vice-President, Mike Pence, and his family being ushered away from the senate chamber by the Secret Service. They viewed Trump’s tweet of rage following Pence’s refusal to attempt an unconstitutional coup by rejecting of the voter’s will saying, “Mike Pence didn’t have the courage to do what should have been done to protect our Country and our Constitution.” They heard testimony that Trump had sent that tweet moments after receiving word that the Vice-President’s life was at risk.

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GameStop – The Casino at Broad and Wall

I thought it was a very strange story. “Analysts confounded by GameStop price moves” read the headline in the business section of one of the world’s most widely read newspapers. “Recent volatility in the stock of GameStop has confused analysts following the video game retailor” read the lede line.

That there had been great volatility in the price of a share of GameStop was not debatable. The stock was trading below $20 a share at the end of 2020. On January 29, 2021 it hit $325. That’s a jump of 1,625%. If you had bought 100 shares on December 31, you would have paid $2,000. On January 29, one month later, your 100 shares would have been worth $32,500. If you think you understand the stock market that is a mindboggling increase. Certainly one to “confound” and “confuse.” But as your intrepid reporter wrote in my primer for the National Center for Business Journalism, stock markets are not what they used to be.

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The Second Trial of Donald Trump

Been there. Done that.

It seems like just yesterday the Senate tried Donald J. Trump for High Crimes and Misdemeanors. It was in January, 2020. He was acquitted.

This time it is different. The House of Representatives sent over only a single charge, accusing Trump of inciting insurrection in a speech to supporters before the deadly attack on the Capitol. They voted for impeachment without hearings or witnesses, using only the former president’s own words against him. And unlike the first time, where the impeachment was passed on a party-line vote, this time ten Republican members of the House stood with their Democratic collogues.

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The Liar in Chief departs The Stage

I thought January 20 was Joe Biden’s Day. And then came my need to acknowledge the Bernie Memes which have captivated social media. Besides, I figured we’ve had enough of Donald J. Trump.

But eventually I knew it would come time to note that Trump left the stage exactly where he came in four long, dismal years ago. Lying.

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