Several points from the Cowen post - - (1.) What Trump means by infrastructure (i.e., how broad under the infrastructure umbrella) will be interesting - - probably going to view infrastructure through the lens of a real estate developer, (2.) P3s need infrastructure to be monetized - - very hard to monetize infrastructure in rural areas. P3s are a dense living urban thing - - an urban didn’t win the election for Trump, and (3.) A bunch of small towns in NC for example that lost textile and furniture manufacturing jobs - - never coming back. Seems to force the issue of a political strategy where getting infrastructure jobs (or any jobs for that matter) to “small” American is critical.
It could be we will have a “large” infrastructure plan directed toward “small” America - - need to watch this. Could be a complete federal focus shift - - rural, especially rural manufacturing centers are highly targeted. The hats will need to be redone - - “Make Rural America Great Again”.