Penelope
Diamond Member
- Jul 15, 2014
- 60,260
- 15,767
- 2,210
U.S. Donald Trump Mike Pence Infrastructure jobs US economy
9/4/17
President Donald Trump’s $1 trillion plan to rebuild America’s infrastructure may be unprecedented in size and ambition, but it mimics a controversial scheme championed by Vice President Mike Pence when he was the governor of Indiana. That’s why Pence is the public face of the Trump initiative, and executives from financial firms that helped privatize Indiana’s toll road are in the White House, busily sculpting Trump’s national plan.
Pence and his allies like to boast about how Indiana sold control of major roads to private firms, claiming the move prompted corporations to invest money in infrastructure that would otherwise have been funded by taxpayers. But opponents say Indiana made some bad deals that offer a cautionary tale of get-rich-quick scheming, secrecy and cronyism that led the state to sell off valuable assets that were then wildly mismanaged.
Snip
The American Society of Civil Engineers estimates that it will take $4.6 trillion to maintain and upgrade infrastructure throughout the United States, a ripe profit opportunity for politically connected firms. Trump recently secured a pledge by Saudi Arabia’s government to invest billions in American infrastructure. That money is slated to flow through Blackstone Group LP—the private equity firm run by Trump adviser Stephen Schwarzman.
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So lets see we will be at the mercy of the greedy. And what if they go belly up and bankrupt. This was last years plan, not sure what the recent one is, I imagine its the same one.
I know, MEXICO will pay for our roads.
9/4/17
President Donald Trump’s $1 trillion plan to rebuild America’s infrastructure may be unprecedented in size and ambition, but it mimics a controversial scheme championed by Vice President Mike Pence when he was the governor of Indiana. That’s why Pence is the public face of the Trump initiative, and executives from financial firms that helped privatize Indiana’s toll road are in the White House, busily sculpting Trump’s national plan.
Pence and his allies like to boast about how Indiana sold control of major roads to private firms, claiming the move prompted corporations to invest money in infrastructure that would otherwise have been funded by taxpayers. But opponents say Indiana made some bad deals that offer a cautionary tale of get-rich-quick scheming, secrecy and cronyism that led the state to sell off valuable assets that were then wildly mismanaged.
Snip
The American Society of Civil Engineers estimates that it will take $4.6 trillion to maintain and upgrade infrastructure throughout the United States, a ripe profit opportunity for politically connected firms. Trump recently secured a pledge by Saudi Arabia’s government to invest billions in American infrastructure. That money is slated to flow through Blackstone Group LP—the private equity firm run by Trump adviser Stephen Schwarzman.
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So lets see we will be at the mercy of the greedy. And what if they go belly up and bankrupt. This was last years plan, not sure what the recent one is, I imagine its the same one.
I know, MEXICO will pay for our roads.
