Over the past three-plus years, there has been nothing so regular in Washington DC and nothing as essentially meaningless as Infrastructure Week. It has become the political equivalent of Lucy teeing up the football for a perpetually hapless Charlie Brown. For the past five years, ever since he got into the GOP presidential primary, Donald Trump keeps pushing the idea of a massive infrastructure spending bill — and every time, it sinks to the bottom of the political priority list.
One has to admire persistence, even if — or perhaps especially when — it comes in pursuit of the unattainable. And maybe one has to admire the optimism that this time Charlie Brown will actually kick the football, as evinced by CNBC’s stock tips:
Infrastructure stocks are surging.
The group took off Tuesday after Bloomberg reported that the Trump administration was considering a $1 trillion infrastructure plan meant to boost the U.S. economy. …
No official announcements have been made on the plan, but “at some point, infrastructure has to get done,” Federated Hermes strategist Steve Chiavarone told CNBC’s “Trading Nation” on Tuesday.
“It just makes too much sense,” he said, adding that it’s “almost impossible to tell” whether a plan will come to fruition before or after the November election.