But that’s just a bow to political reality. Republicans say nice things about infrastructure but haven’t shown any interest in paying for it. As a result, the nation has failed to take advantage of historically low interest rates to invest more in our overcrowded airports, outdated railways and flimsy bridges.
“It will be as exciting as the 1930s.”
That is what Donald Trump’s chief strategist Stephen K. Bannon said about the incoming administration’s $1 trillion infrastructure plan. “With negative interest rates throughout the world,” he argued, “it’s the greatest opportunity to rebuild everything” from “shipyards” to “iron works” and just “throw it up against the wall and see if it sticks.”