The one thing Trump and Clinton agree on may be terrible for the US economy
- 8 years ago
The 2016 presidential election has been among the most divisive in history.
There is, however, one economic issue both candidates agree on: the need for more infrastructure spending.
Clinton has called for a five-year, $275 billion plan, while Trump has said his plan would “at least double” Clinton’s proposed initiative.
But a report published last week by analysts at Deutsche Bank shines considerable doubt on the now-conventional knowledge that more infrastructure spending is the economic no-brainer both Clinton and Trump suggest it is.
The infrastructure that was required to help America grow and thrive during the second half of the 20th century is not necessarily what is needed for the future.
Little thought is being given to the prospect that infrastructure needs could shift significantly over the next decade, let alone the next half century, rendering many of today’s likely projects white elephants.
There is, however, one economic issue both candidates agree on: the need for more infrastructure spending.
Clinton has called for a five-year, $275 billion plan, while Trump has said his plan would “at least double” Clinton’s proposed initiative.
But a report published last week by analysts at Deutsche Bank shines considerable doubt on the now-conventional knowledge that more infrastructure spending is the economic no-brainer both Clinton and Trump suggest it is.
The infrastructure that was required to help America grow and thrive during the second half of the 20th century is not necessarily what is needed for the future.
Little thought is being given to the prospect that infrastructure needs could shift significantly over the next decade, let alone the next half century, rendering many of today’s likely projects white elephants.