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Sometimes it feels like the US has lost its appetite for grand structural projects like that. Maybe it’s just that I’m unaware of them and that impression is the result of survival bias, but given how impossibly hard it is to just build anything where I live (Seattle), I’m not so sure.
Seattle just got done building light rail tracks over a floating bridge.

It is an insane engineering achievement. A train literally running on tracks on a road that is floating on water!

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I don't think you're wrong. Every time someone says we can't do high speed rail it makes me very sad. And as far as Seattle goes... my commute is substantially affected by the I-5 closures. It's somewhat shocking to me that we allow infrastructure to decay as much as we do.

I'd be happy about the light rail expansion if they weren't talking about delaying the Ballard line indefinitely. :(

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We're literally right now building a huge high speed rail project that is planned to link san diego to san francisco through LA, bakersfield and fresno. Progress is made on it daily. https://www.youtube.com/CAHighSpeedRail
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Those projects would literally be impossible today with the environmental regulations in place, especially in California.
If you watch the OP, you'll see that the construction of this aqueduct caused billions of dollars worth of environmental devastation. Rail all you want against regulations, but when an argument boils down to "I wish we didn't have to internalize all these costs and could just push them off on someone else", I'm not especially sympathetic.
LA has paid billions to remediate, but the actual cost is incalculable. Not sure who is "railing against regulations" but there are obviously downsides to heavy environmental regulations. Debatable if CA is striking the right balance.
Certainly that’s part of it, but also just NIMBYism. Los Angeles were able to defeat the Owen’s Valley farmers back then, I don’t think they would be now.
It’s too complicated to corruptly make money off of a large project like that. It’s much easier to just buy a bunch of drugs and needles and give it to the methheads, or spend money on homeless while building zero homes.