Trump 'Infrastructure Week' Calls for Fight for LaRouche Four Laws
The Trump White House is beginning this week to disclose infrastructure plans, informally treating it as a first "infrastructure week" of Donald Trump's presidency.
The plans the President will start to discuss do not appear workable. Rather, they call for the kind of fight from the American people, indicated by the "Four Laws To Save the Nation" formulated in June 2014 by EIR Founding Editor Lyndon LaRouche — starting with restoration of the Glass-Steagall Act, and the creation of a Hamiltonian national bank for infrastructure and manufacturing.
It is crystal clear, after the 100-nation Belt and Road Forum summit in Beijing May 14-15, that new infrastructure platform investments require national banks and similar national credit institutions, both to provide credit, and to conclude multi-national joint ventures. The United States must create such a national credit institution and join in the New Silk Road. Recent proposals from Democrats for direct Treasury borrowing of up to trillions of dollars to form capital capital budgets, could start discussion by the President with, above all, China and Japan; but they are only a start.
Trump will hold an event at the White House Monday with Rep. Bill Schuster (R-PA), proposing to privatize the air traffic control system from the Federal Aviation Administration (FAA) to a non-profit corporation. The aim of this is an infrastructure platform upgrade: To switch from land-based radar control of domestic flights to GPS-system control, used in Europe, and supposed to make flights more direct and faster. This plan would shift funding from the current fuel/ticket taxes to fees on the airlines.
On Wednesday, June 7 Trump will go to the Ohio River on the Kentucky-Ohio border to discuss waterways infrastructure. Thursday, June 8, he will meet with majors and governors; and Friday, June 9, visit the Transportation Department for remarks on rail and road infrastructure.
Trump's promised plan to put $1 trillion into new infrastructure over ten years has disappeared, and so has the Ross-Navarro infrastructure bank plan, unworkable to start with. A May 23 outline from Transportation Secretary Elaine Chao called for Federal spending of $200 billion over ten years, and getting states and municipalities to spend more. This will not be supported by mayors and governors.
Trump has now promised not to link infrastructure planning to "tax reform" and that could mean that the Ross-Navarro "infrastructure bank" plan — linked to tax credits — may not be presented.