Joe Biden and union members building Intel's Ocotillo Campus walk onstage before announcing $20 billion in investments to ramp up production of semiconductor chips under the CHIPS & Science Act, Wednesday, March 20, 2024, in Chandler, Arizona. (Official White House photo by Adam Schultz)
(DAILY CALLER) – Rampant inflation and President Joe Biden’s favoring of left-wing policies are contributing to a lack of progress on his landmark infrastructure law, analysts told the Daily Caller.
Two and a half years after Congress ratified the $1.2 trillion Bipartisan Infrastructure Law in November of 2021, there has been very little concrete progress on new roads or bridges. The trillions of federal dollars the Biden administration has poured into the economy may actually be hindering the completion of the infrastructure that Biden promised to build, analysts told the Caller.
“Right now, the inputs cost 31 percent more than they did in January 2021,” David Ditch, a senior policy analyst at the Heritage Foundation, told the Daily Caller. “They’ve been flat for, frankly, about two years at this point, but they increased so dramatically right away that even though the amount of available money for highway projects is much higher now than it was in 2021, the value of that spending is lower.”
