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Trumps Calls For $1.5 Trillion For Infrastructure Plan

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(Via Zerohedge)


President Donald Trump was widely expected to discuss his long-anticipated infrastructure plan tonight, particularly since the White House leaked an outline for a plan to generate $1 trillion in spending through public-private partnerships. Tonight, Trump unveiled an even more ambitious sum, requesting Congress present an infrastructure bill for $1.5 trillion to rebuild America’s roads, airports and rails.


Lamenting that it can take up to 10 years for a permit to be approved to build a simple road Trump demanded that the infrastructure plan also clear away the red tape surrounding the permitting process.


As previously discussed, Trump’s framework under discussion for modernizing U.S. roads, bridges, waterways and other public works calls for allocating at least $200 billion in federal funds over 10 years to spur states, localities and the private sector to spend at least $800 billion and as much as $1.6 trillion. Ultimately, however, the government may be on the hook for the full amount, which would have to be funded with incremental debt.


As Bloomberg notes, White House infrastructure adviser DJ Gribbin has said the administration plans to send detailed principles to Congress a week or two after Trump’s State of the Union speech to begin the legislative process.


Excerpted from the speech:


I am asking both parties to come together to give us the safe, fast, reliable, and modern infrastructure our economy needs and our people deserve.


Tonight, I am calling on the Congress to produce a bill that generates at least $1.5 trillion for the new infrastructure investment we need.


Every Federal dollar should be leveraged by partnering with State and local governments and, where appropriate, tapping into private sector investment — to permanently fix the infrastructure deficit.


Any bill must also streamline the permitting and approval process — getting it down to no more than two years, and perhaps even one.


In response, Bloomberg Intelligence analyst Nathan Dean says that Trump’s call for $1.5t for the new infrastructure is going to fall flat with Congress, noting that there isn’t enough time for Congress to agree on such a broad package before they turn their attention to the 2018 elections, not to mention coming to a bipartisan agreement over budget concerns.


As Dean further says, “all of this infrastructure talk in Washington is going to have little impact on total U.S. infrastructure growth in 2018.”


Meanwhile, Democrats are already questioning the plan and key groups are at loggerheads over the question of funding.


And so, despite the massive spending commitment, which could mean as much as $1.5 trillion in new debt, there was little reaction in the ten year, which was modestly lower on the news, as it either has had plenty of time to price the news debt in, or simply does not believe that it will happen.

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Politics

Obama Library Opening Postponed For Another Year

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(Via Chicago Tribune)

The Obama Foundation has pushed back the groundbreaking date for the Obama Presidential Center after the federal review process was delayed for a second time this summer, officials confirmed Friday.

Instead of starting construction later this year, the foundation is now saying they plan to break ground for the half-billion-dollar project sometime in 2019. Officials avoided setting a specific date during the year. They also would not say if this will change their timeline for building the center, which was once slated to open in 2021.

“We have a sense of urgency about this project (and) when we started, we wanted the public to know we would break ground as soon as possible,” said Michael Strautmanis, the vice president for civic engagement for the foundation. “But we also knew there were some things that were not in our control. We insist on going through the process with integrity and without rushing.”

Before the presidential center can be built, the federal government will review its impact on Jackson Park, which is on the National Register of Historic Places, and evaluate the project’s environmental effects. Any impact that the review highlights will have to be resolved before construction can be allowed.

There have already been two public federal review meetings. A third was scheduled in June, but then it was delayed until July. Now it has been delayed until late summer, according to the city of Chicago’s website.

The federal review process has to be conducted because of Jackson Park’s historic status and because it involved closing and expanding major streets.

The news of the delay comes just a day after activists gathered on the South Side at a meeting to discuss placing a community benefits agreement proposition on the February ballot.

(Full Story Here)

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Politics

“Legal Remedies” Coming For Tech Censorship?

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(Via Washington Examiner)

Rep. Devin Nunes said he is looking at possible legal action against Twitter over the “shadow banning” fiasco that temporarily decreased the visibility he and other Republicans had on the social media platform.

Last week, Vice News reported that Nunes, along with several other conservative Republican figures, were harder to find on Twitter as their accounts did not show up on the auto-populated drop-down search box.

“It sure looks to me like they are censoring people and they ought to stop it. We are looking at any legal remedies to go through,” Nunes, R-Calif., said at the end of a Sunday morning interview on Fox News.

Twitter did not immediately respond to a request for comment.

Nunes’ comments follow a tweet by President Trump saying “We will look into this discriminatory and illegal practice at once!”

Those GOP individuals who were effected by the “shadow banning” debacle didn’t completely disappear from Twitter — their profiles did appear when a full search was conducted — but they did express ire at what they said could be a politically charged maneuver to make it less convenient for users to find them. These GOP figures — Nunes, along with Reps. Matt Gaetz, Jim Jordan, and Mark Meadows, as well as Republican National Committee Chairwoman Ronna McDaniel — felt the impact along with controversial right-wing figures, including Jason Kessler, the organizer of last year’s white nationalist rally in Charlottesville, Va.

(Full Story Here)

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Media

Trump vs Fake News: “I Will Never Stop Fighting For The American People”

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(Via Infowars)

President Trump leveled harsh criticism of the fake news media over their constant negative coverage of his administration, and assured the American people he won’t let them continue to sell out the country.

“When the media – driven insane by their Trump Derangement Syndrome – reveals internal deliberations of our government, it truly puts the lives of many, not just journalists, at risk! Very unpatriotic!” Trump tweeted Sunday.

“Freedom of the press also comes with a responsibility to report the news accurately. 90% of media coverage of my Administration is negative, despite the tremendously positive results we are achieving, it’s no surprise that confidence in the media is at an all time low!”

“I will not allow our great country to be sold out by anti-Trump haters in the dying newspaper industry,” he continued. “No matter how much they try to distract and cover it up, our country is making great progress under my leadership and I will never stop fighting for the American people!”

Trump then made it clear that leftist publications like the New York Times “will never change” in their coverage against him.

“As an example, the failing New York Times and the Amazon Washington Post do nothing but write bad stories even on very positive achievements – and they will never change!”

(Read Full Story Here)

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