OK, say you have $4 billion and want to build a new refinery in the US....where are you going to build it?
The answer: no where! Because, everyone will says: NIMBY. But the world needs another refinery, so it gets built in, say, China.
Everybody wants the jobs, but nobody wants the headaches, and everybody can sue to stop it. So, there hasn't been a new refinery built in the US for something like 30 years. And the same is true of a lot of heavy industry - it's dirty, noisy, smelly, etc.
But, yes, a lot could be done, such as streamling approval. And both parties are much better at symbolic stuff, than figuring out what would really help our economy, especially if it would offend some of their key donors (e.g. trial lawyers, teacher's unions, "environmentalists", ADM, etc).
--Tony