A $2T infrastructure package would represent a big deal, even by the ever-expanding standards in DC, where in my lifetime a $2B deal was still significant.
But I see that deal happening and happening soon.
The Freedom caucus will squawk for a moment and then disappear, and there simply is no other impediment — and so much juice behind this — it will pass both houses with 90% bipartisan majorities. The Democrats will go all the way, maybe unanimous approval and only the Republican fiscal hawks will vote against it — as a protest — and even some of them will vote for it.
President Barack Obama’s $700B stimulus was 1/2 tax relief, meaning this deal, on a Keynesian level, will have 6X times the stimulative value and I believe this will be the case. Trump is a builder, he gets it, justifiable construction projects drive GDP growth from a fundamental level and our infrastructure needs are obvious enough, the justifiable issue — isn’t really debatable anymore. If the package is targeted at neglected infrastructure, that issue completely disappears, although corruption will still be the real threat to the money being used effectively.
In fact, as hard as this is to believe considering what you read in the newspapers and see on TV every day — Nancy Pelosi, Chuck Schumer, and President Trump have already had the meeting about this package, and this $2T number is what THEY announced they have already agreed upon! Pretty sneaky huh?
Pelosi must have left a meeting where she was being photographed with her liberal members excoriating the President, and snuck into a back room (no camera’s, no mics at all) to then meet the President, (who himself had just left a rally where they were chanting “Lock her Up”) to make this deal. Schumer of course, was also there, having just left a donor meeting where he was reminding them how expensive it was to fight with tooth-and-nail against — every single thing the President does and/or attempts to do, except a few things he didn’t mention, like for example, this little infrastructure thing.
You read that all correctly. In this town, people can publicly attack you, repeatedly threaten you on camera and in writing, make ugly, even illegal deals with others to smear you and destroy you and your family, they can be counted on to launch campaigns to get you arrested — and THEN, calmly sit down with you to make multi-trillion dollar infrastructure deals.
Pelosi: “I hate your f*cking guts, how does $2T sound?”
Schumer: “I hate you more than she does, but that’s a good number by me.”
Pelosi: “Shut the f*ck up Chuck.”
Trump: “F*ck you both up the a** with a pineapple, but $2T sounds right to me.”
Power here in Washington DC is completely naked, it has no adornment, maybe it never did — if the devil sprang up out of the ground (around Dupont Circle I’m thinking), then Congress would simply create a policy, fund a study, open negotiations, pass a law, all the time fully believing they were in charge, that everything, must bend to the will of Congress. And until he does spring out, they will be correct.
In the meantime; what does this extrapolate out into?
To begin with, there will be no impeachment. To appease the leftist, liberal, communist wing of her party that is rabid about Trump, Pelosi will give us one performance after another about how she can’t even stand the thought of him — for one more minute — but this is all hot air. theatrics, grist for the base, because she knows (a) the American people don’t like Impeachment, (b) there is no evidence he did anything wrong, (c) there is a $2T infrastructure deal awaiting his signature, that she cannot get any other way — than with Donald J. Trump in the White House!
Or, make a list of reasons you like better, it doesn’t matter, this deal has been cut and I assure you, it would not have happened if the Speaker thought she was actually going to be holding impeachment proceedings. Corporate America, a majority of both parties and even Independents, all want a big infrastructure package, literally, the only people that don’t — are the fiscal hawks — and they will get swept away by the force behind this legislation.
What else does it mean? The almost certain re-election of that same Donald J. Trump. Money, power, greed, ambition, favoritism, patronage, all these things come together in an infrastructure package and this one, like everything else Trump does, will be the biggest of them all.