Infrastructure

The federal government can do two things to rebuild the infrastructure. First they can get rid of regulations that are in place because of a threat to some species. Good judgment is needed here. For example cutting off water to California farmers because the low river might allow salt water to back up into the river makes sense but cutting water because the delta smelt might disappear does not make sense. Second the government can guarantee low interest loans through banks to provide capital to local contractors to build roads and bridges. Banks currently get money from the Fed for .25%. They can then loan that money at slightly higher rates and make a nice profit. This allows projects to be developed and implemented locally. If the government is backing the loans then the banks will take chances on contractors. Biden's plan like most plans of democrats is just to start sending out checks using money created by the Fed.