Sunday, June 27, 2021 1:20:30 PM
But ultimately this gets settled administratively and to me, that’s why the next director is crucial.
There is at least one wing in the Biden camp coalescing around recap into the utility model and indeed if you read this report: https://narfocus.com/billdatabase/clientfiles/172/21/4233.pdf or the Brookings one authored by Mike Calhoun and Lou Raneri, it seems the writing is on the wall. Will the AEI or other interests stand in the way?
As Tim Howard would say and in general I would agree, each administration has suffered from a lack of execution to their plan. Politics aside, One glimmer of hope with this administration is they have shown the ability to execute on the infrastructure plan. Why is that interesting? Well, that’s a plan that includes some amount of public/private partnerships. Not exactly like recapping and still our legal situation is much messier, but maybe just maybe this administration puts forth an offer.
At this point, who wants to go through years and years of litigation? Take a haircut and let the market do what it will.
Looking forward to Gary Hindes next publication.
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