The Bipartisan Problem With The American Jobs Plan & The Obligation Of The Private Sector

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Today, we’re looking at the $2 Trillion American Jobs Plan presented by the Biden Administration. This was created as a way to create infrastructure that would get Americans back to work while fixing our roads, bridges, and public transportation. And as great as this sounds, we want to make sure we’ve weighed the pros and cons of what the American Jobs Plan could mean for us, specifically looking at potential tax hikes and the issue of big business taking the money and not getting anything done.

Big Business is going to be an issue, and to help us discuss this with David Grasso is a friend of Bold TV, Matt Stoller.

How has big business, with companies like McKinsey, gotten in the way with government promises in the past?

A great example is what happened in Puerto Rico in 2017. After Hurricane Maria came through Puerto Rico and destroyed a large percentage of the electrical grid, the gov hired McKinsey & Company for consulting on what is the best way to manage debt and repair the grid. What McKinsey did was prioritize that they got paid over making sure repairs were handled.

How can Biden avoid situations like this and give us the public infrastructure we need?

According to Matt Stoller, Joe Biden could tighten contracting rules, and break up big firms and use the government’s buying power to drive toward good value.

Are tax dollars the only way to get infrastructure built or do we need partners in the private sector, too? This is called a public private partnership.

A public private partnership is a catch-all term, but typically means, and has led to, the private sector taking advantage of a partnership and hiking up prices. For instance, a toll road. In the end we need to have the needs of the public in best interest, and find ways to make sure the private sector is collecting excess profits, etc. This can be done by having multiple contractors to make sure the price is driven down and the quality is good. A good way to do this is moving away from big companies like McKinsey and more into the public sector itself.

What if you’re skeptical about big government? How can you find a bi-partisan solution?

It’s not a question of big government vs small government because the governing power can still exist in the board room. What needs to be done is more equity needs to be given to the public sector. If the government is still going to give bailouts and favors to big business, then big business has an obligation to the public sector. It’s not big or small government, it’s about decentralizing power, and this isn’t a left or a right issue.

What do you think? Let us know in the comments below!

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