Preident Joe Biden is touting his $1 trillion infrastructure plan as an eventual fix for the nation’s inflation and supply chain woes if Americans have the patience to wait for the construction to begin. The bill cleared Congress last week and the president signed it on Monday. Retired Ripon College economist Paul Schoofs says the bill is really significant for the health of the economy. Biden declared that the infusion of cash for roads, bridges, ports and more is going to make life “change for the better” for Americans. But prospects are grim for further bipartisanship ahead of the 2022 midterm elections as Biden pivots back to more difficult negotiations for his broader $1.85 trillion social spending package. The president hopes to use the infrastructure law to build back his popularity, which has taken a hit amid rising inflation and the inability to fully shake the risks of COVID-19. The president will be on a national tour to showcase his signature legislation.
