Month: December 2016

Counterpunch, incidentally, was recently named by the Washington Post referenced website PropOrNot as a source of…

Counterpunch, incidentally, was recently named by the Washington Post referenced website PropOrNot as a source of Russian propaganda.

Originally shared by Cindy Brown

So to really put Trumperdink’s infrastructure scheme into stark perspective:

[W]e should add that Trump’s infrastructure scheme wasn’t going to work anyway. The whole thing is another shabby giveaway to private-equity investors. It’s NOT a serious effort to rebuild America’s crumbling infrastructure or provide good-paying jobs to qualified construction workers.

According to economist Alan S. Blinder, “Trump’s plan would provide “an 82% tax credit to attract private-equity investors into the infrastructure business.” … (So) ” A $3 billion public-private “partnership”… could be financed like this: $2.5 billion in municipal bonds, $410 million in tax credits from the federal government, and $90 million in private equity. This means $90 million in private money winds up controlling a $3 billion asset. Mr. Trump likes leverage, but isn’t 33-to-1 a little ridiculous?”

Great. In other words, the public takes all the risk, while privately-owned businesses nab all the profits. When have we heard that before?

http://www.counterpunch.org/2016/12/22/trumps-economic-plan-is-a-betrayal-of-the-people-who-voted-for-him/