President Biden has expressed frustration over the slow progress of infrastructure projects and the public’s negative perception of his economic management.
Delays in project completion are attributed to various factors, including the allocation of funds to non-infrastructure initiatives, centralized spending processes, and the absence of established regulations for new grant programs.
Over 13 years ago, then-President Barack Obama complained about the lack of “shovel-ready” projects on which to spend the hundreds of billions of dollars appropriated for his 2009 stimulus bill.
It appears Biden is just now relearning the same lesson.
The exclusion of permitting reform in the infrastructure bill has contributed to prolonged project timelines.
These issues have hindered rapid action on infrastructure development, leading to Biden’s current concerns.
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