Former Obama Economist Says One Of Biden’s Biggest Legislative Victories Turned Out To Be A Dud
Story by Ireland Owens • 13h
Jason Furman, the former top economist for the Obama administration, told Politico that he believes that former President Joe Biden’s attempts to bolster U.S. infrastructure were largely unsuccessful.
Furman told Politico in an interview published Thursday that Biden’s infrastructure programs had “basically been a failure.” He also suggested in the interview that high costs often marred the Biden-Harris administration’s infrastructure projects.
“On infrastructure, the program has basically been a failure,” Furman told Politico. “A huge amount of money flooded into it. In some ways it made it even harder to build with the number of requirements put on programs.”
Biden introduced several legislative packages during his sole term in an attempt to bolster the U.S. economy and infrastructure, including signing the $1.2 trillion Bipartisan Infrastructure Law (BIL) in November 2021, which authorized funding for various transportation and infrastructure projects. Notably, the Biden-Harris administration’s push to boost domestic infrastructure through the BIL was often met with major slowdowns.
https://www.msn.com/en-us/news/politics/former-obama-economist-says-one-of-biden-s-biggest-legislative-victories-turned-out-to-be-a-dud/ar-AA1zt7Il?ocid=widgetonlockscreen&cvid=de3c5174151d482bf02c1844e3571e40&ei=53
