Morning Jolt: The Worst Possible Timing for an Infrastructure-Spending Spree

On the menu today: As New Hampshire GOP governor Chris Sununu observed, Congress allocated $1.2 trillion for new infrastructure projects, but none of it has been spent yet, which means yet another inflationary pressure is looming. What's more, 50 states and an untold number of localities are about to try to launch hundreds of large-scale infrastructure projects simultaneously during a period of runaway inflation, lingering supply-chain problems, price spikes in raw materials, a construction-labor shortage, and an unprecedented spike in the cost of diesel fuel. This is just about the worst possible time to try to start a massive number of construction projects from coast to coast.

The Infrastructure-Spending Spree That Shouldn't Be

New Hampshire GOP governor Chris Sununu appeared on yesterday's Three Martini Lunch podcast and said:

Remember, this Biden administration has authorized all of this money to be spent. But this infrastructure money? Not a penny has been spent yet. ...

TODAY'S MORNING JOLT WITH JIM GERAGHTY
IS PRESENTED BY

AUL Logo NR 150x65.png

Morning-Jolt.png
WITH JIM GERAGHTY May 12 2022
Morning-Jolt-center.png
WITH JIM GERAGHTY May 12 2022
hero

The Worst Possible Timing for an Infrastructure-Spending Spree

On the menu today: As New Hampshire GOP governor Chris Sununu observed, Congress allocated $1.2 trillion for new infrastructure projects, but none of it has been spent yet, which means yet another inflationary pressure is looming. What's more, 50 states and an untold number of localities are about to try to launch hundreds of large-scale infrastructure projects simultaneously during a period of runaway inflation, lingering supply-chain problems, price spikes in raw materials, a construction-labor shortage, and an unprecedented spike in the cost of diesel fuel. This is just about the worst possible time to try to start a massive number of construction projects from coast to coast.

The Infrastructure-Spending Spree That Shouldn't Be

New Hampshire GOP governor Chris Sununu appeared on yesterday's Three Martini Lunch podcast and said:

Remember, this Biden administration has authorized all of this money to be spent. But this infrastructure money? Not a penny has been spent yet. ...   READ MORE

spacer

ADVERTISEMENT

Working Towards a Post-Roe America
Resolving Roe NR Nv (570 × 320 px) (1).png

Abortion is tragic. Abortion turns equals into unequals. Americans must abolish abortion—join with Americans United for Life at this pivotal time in our nation's history. The struggle for the hearts of the American people is nearly won, and the lives of untold millions yet unborn hang in the balance

Learn more

Trending on National Review

1. Biden Must Reject the Left's Intimidation Game

2. Mach-10 Nostalgia

3. After Elon Musk's Takeover of Twitter, Will Conservatives Learn to Love Section 230?

Top Stories

Steven F. Hayward and John Yoo

The Leaked Dobbs Opinion Would Be a Credit to the Supreme Court and to the Country

If the leaked Dobbs opinion holds, it could mark a turning point that will improve our constitutional and ...

Josh Holdenried

Making Room for God

Ian Lindquist was a husband, father, and model of Christian masculinity. He died too young. A friend remembers ...

NEWS

Newsom to Use Tax Breaks to Attract Companies from States That Restrict Abortion

‘Pay attention, America. They're coming for you next,’ Newsom said after the Dobbs leak.

Brian T. Allen

A Meaty, Tasty Look at Baroque Genoa at Rome's Scuderie del Quirinale

Superbarocco at the Scuderie del Quirinale in Rome considers the city's legacy in art from Rubens and Van Dyck ...

Madeleine Kearns

Depp v. Heard — A Strange and Gripping Trial

In Depp v. Heard, we may not see any easy redemption, moral lessons, or psychological insight. But there are no ...

Charles C. W. Cooke

Take the Easy Way

Spare yourself the rigmarole, and reap the benefits of an NRPlus ...

NEWS

Drug Overdose Deaths Hit Record-High in 2021, CDC Data Show

The 15 percent increase from the year before follows an even bigger increase in 2020, when drug overdose deaths ...

ADVERTISEMENT

Resolving Roe NR Nv (300 × 250 px) (1).png

PODCASTS

PHOTOS

VIDEO

NRPLUS ARTICLES

ADVERTISEMENT

Podcasts_570x300 (1).jpg

ADVERTISEMENT

 

 
 
 
 
Learn more about RevenueStripe...
national review

Follow Us & Share

19 West 44th Street, Suite 1701, New York, NY, 10036, USA
Your Preferences | Unsubscribe | Privacy
View this e-mail in your browser.

Commentaires

Posts les plus consultés de ce blog

Chris Ramsey can take the heat, but what would relegation for QPR mean for black managers in the Premier League?

House Of Style! The House Lannister ‘Game of Thrones’ x adidas UltraBOOST