Biden’s Building Bust: Inflation, Foolish Priorities Will Zap Infrastructure Investments
President Joe Biden’s only legislative accomplishment is the Infrastructure Investment and Jobs Act, signed about 100 days ago. The $1.2 trillion law is supposed to “rebuild the backbone of this nation,” as Biden said.
But a trillion-and-change dollars doesn’t buy as much back surgery as it used to. Thanks to runaway inflation, we’ll have to squint to see anything “transformative.”
The law was always going to be less “historic” than the president billed it.
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Nicole Gelinas is a senior fellow at the Manhattan Institute and contributing editor at City Journal. Follow her on Twitter here.
This piece originally appeared in New York Post