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mac



Joined: 07 Mar 1999
Posts: 16264
Location: Berkeley, California

PostPosted: Tue Apr 06, 2021 12:21 pm    Post subject: Investing in infrastructure Reply with quote

From a reasonable source"

Quote:
President Joe Bidenís vision: your success is his success

By Michael Likosky, Partner, Advantage Infrastructure Advisors


Last week in Pittsburgh, President Joe Biden delivered a seminal speech on infrastructure investment, introducing his American Jobs Plan. As someone who is conversant in Bidenís long standing leadership on infrastructure matters, much was familiar in terms of his distinctive public-private partnership investment strategy and assiduous concern for practicalities. That said, it was evolved, decidedly presidentially commanding, mission-driven, and of the moment.


The importance of the plan for finance, investment, and business decision-making is clear. There are certain ways to engage during the legislative process as well as to position your governmental, private or not-for-profit enterprise to benefit from the investment opportunity on its way.


Bidenís speech and plan can be understood in five parts.


First, the vision: For Biden, America is a land of possibilities where nothing is beyond our capacity if we work together. However, we simply cannot do so without organized infrastructure investments which equip and resource us to work together, to build back better together, to be inventive together. Itís about infrastructure.


Second, the drivers behind the plan: America simply cannot compete globally, especially with China, without an infrastructure-driven advanced manufacturing and inventive base. And, compete we must. If America does not compete effectively and thus becomes overly dependent on other countries, we will jeopardize our national security.


This would result in allowing other countries to condition our ability, as a people, to realize Americaís possibilities. This is the thrust behind Biden posing the high stakes question of the day concerning whether Democracy will outcompete Autocracy. Again, itís about infrastructure.


For the President, competing means attracting businesses which requires high caliber airports, ports, water, communications, and other infrastructures to fuel economic facilities. It means properly rewarded work in a way that has not happened to date through the strengthening of labor unions with an opportunity-based expanding membership to build back better the foundations of the economy.


Third, the sector breakdown: There are four thematic areas.


Commerce organized sectors include, among other areas, transportation in its diverse modes (airports, passenger trains, freight railroad, transit systems, ports, waterways, bridges), a nationwide network of charging stations, wastewater, clean vehicles, the electrical grid, and what have you.


Climate touches on many of these areas but also on areas such as solar, wind and other alternative sources of energy, battery technology, resiliency, energy efficiency, and other emergent technologies.


Connectivity encompasses areas such as caregiving, high speed internet, social and civic fabric, housing, economic opportunity-driven facilities with sizable discernible benefits, education, Veterans facilities, healthy water pipes.


Inventiveness includes research and development, supply chain re-engineering, transformation of advanced manufacturing. Again, it is about infrastructure.


Fourth, the primary means for operationalizing Bidenís vision is through his distinctive brand of mission-driven public-private partnerships. Biden has a signature distinctive approach to partnerships, an area in which he is well-versed and highly successful.


These partnerships are defined by federal, state, and local governments; investors; businesses; not-for-profits; and labor unions producing results for Americans together.

These groupings are internally diverse which requires such things as coordination among Bidenís close-knit family of federal agencies. Bidenís partnerships are certainly a science, but, in equal measure, an art.


Fifth are the financing mechanisms which equip these partner enterprises to forge relations and fuel projects. Bidenís distinctive partnership approach can be carried out through 10 basic mechanisms. These mechanisms are intimately interlinked with one another in practice.


In this respect, Bidenís approach to supporting financing is best understood as synthetic financing which combines very many mechanisms emanating from diverse agencies together with outside private and not-for-profit resources.


These mechanisms include the following: procurement powers such as Buy American provisions and service agreements, formula disbursements, competitive grants, leases and lease enhancements, loans, loans and loan guarantees including revolving funds, bonds and bond enhancements, zones and equity platforms, tax credits, insurance (used sparingly within disaster contexts), and also regulatory instruments such as permitting.


A successful Biden partnership program utilizes synthetic financing combining the usage of these vehicles.
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mac



Joined: 07 Mar 1999
Posts: 16264
Location: Berkeley, California

PostPosted: Wed Apr 07, 2021 11:15 am    Post subject: Reply with quote

From this morning's Morning Consult:

Quote:
60 percent of voters said they support the White House's American Jobs Plan as a whole, including 84 percent of Democrats, 51 percent of independents and 35 percent of Republicans;


The rise of China has been driven by investment in infrastructure.
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isobars



Joined: 12 Dec 1999
Posts: 20131

PostPosted: Thu Apr 08, 2021 9:37 pm    Post subject: Reply with quote

Look up "infrastructure" in any normal dictionary. Only 5% ... FIVE PERCENT ... of Biden's "infrastructure" program meets that definition by any stretch of the imagination. The other 95% is The Squad's idea of Progressive (i.e., Marxist) Nirvana on steroids.

Are you people truly that gullible, stupid, and eager to increase your taxes and trigger rampant inflation? You'd better hope to hell that your income and pensions have a COLA clause and that your kids are eager to live on welfare and don't mind paying for your stupidity.
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mac



Joined: 07 Mar 1999
Posts: 16264
Location: Berkeley, California

PostPosted: Fri Apr 09, 2021 12:03 am    Post subject: Reply with quote

Fox says jump, Isobars asks "how high?"

60% of those polled approve of the proposal for infrastructure. Isobars numbers are wrong--no surprise.

China spent the equivalent of $8 trillion plus in 2020 on infrastructure. Their rise has been fueled by investing in infrastructure. Keep America weak and stupid says Iso and the GOP.

Some of the numbers:

https://www.statista.com/statistics/566787/average-yearly-expenditure-on-economic-infrastructure-as-percent-of-gdp-worldwide-by-country/
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techno900



Joined: 28 Mar 2001
Posts: 3912

PostPosted: Fri Apr 09, 2021 7:29 am    Post subject: Re: Investing in infrastructure Reply with quote

mac wrote:
From a reasonable source"

Quote:
President Joe Bidenís vision: your success is his success

By Michael Likosky, Partner, Advantage Infrastructure Advisors


Last week in Pittsburgh, President Joe Biden delivered a seminal speech on infrastructure investment, introducing his American Jobs Plan. As someone who is conversant in Bidenís long standing leadership on infrastructure matters, much was familiar in terms of his distinctive public-private partnership investment strategy and assiduous concern for practicalities. That said, it was evolved, decidedly presidentially commanding, mission-driven, and of the moment.

The importance of the plan for finance, investment, and business decision-making is clear. There are certain ways to engage during the legislative process as well as to position your governmental, private or not-for-profit enterprise to benefit from the investment opportunity on its way.


Bidenís speech and plan can be understood in five parts.


First, the vision: For Biden, America is a land of possibilities where nothing is beyond our capacity if we work together. However, we simply cannot do so without organized infrastructure investments which equip and resource us to work together, to build back better together, to be inventive together. Itís about infrastructure.


Second, the drivers behind the plan: America simply cannot compete globally, especially with China, without an infrastructure-driven advanced manufacturing and inventive base. And, compete we must. If America does not compete effectively and thus becomes overly dependent on other countries, we will jeopardize our national security.


This would result in allowing other countries to condition our ability, as a people, to realize Americaís possibilities. This is the thrust behind Biden posing the high stakes question of the day concerning whether Democracy will outcompete Autocracy. Again, itís about infrastructure.


For the President, competing means attracting businesses which requires high caliber airports, ports, water, communications, and other infrastructures to fuel economic facilities. It means properly rewarded work in a way that has not happened to date through the strengthening of labor unions with an opportunity-based expanding membership to build back better the foundations of the economy.


Third, the sector breakdown: There are four thematic areas.


Commerce organized sectors include, among other areas, transportation in its diverse modes (airports, passenger trains, freight railroad, transit systems, ports, waterways, bridges), a nationwide network of charging stations, wastewater, clean vehicles, the electrical grid, and what have you.


Climate touches on many of these areas but also on areas such as solar, wind and other alternative sources of energy, battery technology, resiliency, energy efficiency, and other emergent technologies.


Connectivity encompasses areas such as caregiving, high speed internet, social and civic fabric, housing, economic opportunity-driven facilities with sizable discernible benefits, education, Veterans facilities, healthy water pipes.


Inventiveness includes research and development, supply chain re-engineering, transformation of advanced manufacturing. Again, it is about infrastructure.


Fourth, the primary means for operationalizing Bidenís vision is through his distinctive brand of mission-driven public-private partnerships. Biden has a signature distinctive approach to partnerships, an area in which he is well-versed and highly successful.


These partnerships are defined by federal, state, and local governments; investors; businesses; not-for-profits; and labor unions producing results for Americans together.

These groupings are internally diverse which requires such things as coordination among Bidenís close-knit family of federal agencies. Bidenís partnerships are certainly a science, but, in equal measure, an art.


Fifth are the financing mechanisms which equip these partner enterprises to forge relations and fuel projects. Bidenís distinctive partnership approach can be carried out through 10 basic mechanisms. These mechanisms are intimately interlinked with one another in practice.


In this respect, Bidenís approach to supporting financing is best understood as synthetic financing which combines very many mechanisms emanating from diverse agencies together with outside private and not-for-profit resources.


These mechanisms include the following: procurement powers such as Buy American provisions and service agreements, formula disbursements, competitive grants, leases and lease enhancements, loans, loans and loan guarantees including revolving funds, bonds and bond enhancements, zones and equity platforms, tax credits, insurance (used sparingly within disaster contexts), and also regulatory instruments such as permitting.


A successful Biden partnership program utilizes synthetic financing combining the usage of these vehicles.


While the "infrastructure" plan is not all that unreasonable, my guess is that because of funding, labor and regulations, in the next four years, it's likely that anywhere from 0-5% of the plan will begin to be implemented. And 5% is a reach. Then what?
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wsurfer



Joined: 17 Aug 2000
Posts: 1259

PostPosted: Fri Apr 09, 2021 7:40 am    Post subject: Reply with quote

isobars wrote:
Look up "infrastructure" in any normal dictionary. Only 5% ... FIVE PERCENT ... of Biden's "infrastructure" program meets that definition by any stretch of the imagination. The other 95% is The Squad's idea of Progressive (i.e., Marxist) Nirvana on steroids.

Are you people truly that gullible, stupid, and eager to increase your taxes and trigger rampant inflation? You'd better hope to hell that your income and pensions have a COLA clause and that your kids are eager to live on welfare and don't mind paying for your stupidity.


infrastructure noun

in∑​fra∑​struc∑​ture | \ ˈin-frə-ˌstrək-chər , -(ˌ)frš- \
Definition of infrastructure
1 : the system of public works of a country, state, or region
also : the resources (such as personnel, buildings, or equipment) required for an activity
2 : the underlying foundation or basic framework (as of a system or organization)
3 : the permanent installations required for military purposes

So ANY system of public works of a country, state, or region.

You're wrong again dickwad!!!


Over the last fifty years we have been giving tax breaks to corporate America through their vigilant lobbying efforts.
NOTHING has EVER trickled down to middle class America, meanwhile their installed "infrastructure" crumbled around them and no new "infrastructure" was added.

Jeez, even David Brooks agrees with the Biden plan!
Get a grip!!!
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boggsman1



Joined: 24 Jun 2002
Posts: 8591
Location: at a computer

PostPosted: Fri Apr 09, 2021 8:26 am    Post subject: Reply with quote

isobars wrote:
Look up "infrastructure" in any normal dictionary. Only 5% ... FIVE PERCENT ... of Biden's "infrastructure" program meets that definition by any stretch of the imagination. The other 95% is The Squad's idea of Progressive (i.e., Marxist) Nirvana on steroids.

Are you people truly that gullible, stupid, and eager to increase your taxes and trigger rampant inflation? You'd better hope to hell that your income and pensions have a COLA clause and that your kids are eager to live on welfare and don't mind paying for your stupidity.


Citation please on the 5% figure.
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wsurfer



Joined: 17 Aug 2000
Posts: 1259

PostPosted: Fri Apr 09, 2021 9:57 am    Post subject: Reply with quote

https://www.usatoday.com/in-depth/news/politics/2021/04/01/2-trillion-infrastructure-bill-charts-detail-bidens-plan/4820227001/
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swchandler



Joined: 08 Nov 1993
Posts: 10038

PostPosted: Fri Apr 09, 2021 11:01 am    Post subject: Reply with quote

What disappoints and worries me greatly is that Republicans in Congress are going to do whatever they can to kill it, or at best, whittle it down so much that it will be virtually valueless and ineffective. They have no real vision or credible goals to speak of. Their biggest achievement over the last 4 years, if you can call it that, was foolish irresponsible tax cuts for corporations and the folks that didn't really need it. Greed is king in their world, and they serve it religiously.

In my view, one thing that needs to be said is that all Americans taxpayers need to help pay for the infrastructure plan, to include other important investments we need into our future. The increases should be progressive in nature starting out maybe as low as 2.5-1%. Essentially, until the vast bulk of the American middle class starts contributing a bit more in taxes, our deficit and debt will continue to grow in untoward ways and haunt us, ultimately drawing us down as a nation. Frankly, we need more than tax increases on corporations and the wealthiest Americans to pay for what we need to do. In believe that thoughtful folks know that.

And, just for the record, I think that President Obama was wrong in making the Bush tax cuts permanent. That was a mistake.
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mac



Joined: 07 Mar 1999
Posts: 16264
Location: Berkeley, California

PostPosted: Fri Apr 09, 2021 12:05 pm    Post subject: Reply with quote

This really isn't about politics, this is about preparing for the future and recognizing the power of China, and how to better compete with them. Before Gingrich, virtually all of the Republican Party would have recognized this.
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