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Large part of last years stimulus had inefficent tax cuts that has slowed investment and employment money from those tax cuts have gone to savings rather than to consumer spending the economy needs tangible public investments rather than tax cuts in order to stimulate employment and income growth.
Are you saying the stimulus's tax cuts should not have been made?
It's not the current admin's fault that people spent themselves into holes. Economists knew savings would go up with the tax cuts; savings is a good thing and *should* come before spending, shouldn't it?
The fed govt can't be expected to give every household all the money it needs in order to save some and continue spending. (Consumer spending has been staggering upward, anyway.)
Officials: Obama to back infrastructure spending - Yahoo! News (http://news.yahoo.com/s/ap/us_obama_economy - broken link)
We need to work on our infrastructure. The ease of flow of goods in our country have been part of what made our economy grow so well. With the deteriorating conditions of our road conditions, the cost of transportation has increased which makes American goods cost more, and they aren't competitive with foreign goods. Tire use, gasoline use, shock absorption use, and other mechanical uses all go up when roads aren't in good use. Same with rail.
I don't agree with a lot of the current administrations spending, but this is something we need to work on.
It certainly does. I can drive aroud my area and see plenty of signs letting people know that stimulus funded projects are under way. The only thing is no work is being done in allot of those locations- other than putting up those signs.
Officials: Obama to back infrastructure spending - Yahoo! News (http://news.yahoo.com/s/ap/us_obama_economy - broken link)
Considering the lack of infrastructure spending that occurred in the last eight years and the level of disrepair of many American bridges and roadways money spent on infrastructure is well spent. Anybody that has studied economics for any length of time KNOWS that money spent on infrastructure is actually an INVESTMENT that repays itself with interest. By having a safer more efficient transportations system people, and goods travel more quickly and in fact it can actually save lives.
No country can stay globally competitive with a poor infrastructure. That's why China is spending hundreds of billions of dollars on roadways, dams, railways, bridges, airports, shipping terminals and other forms of infrastructure.
Considering the lack of infrastructure spending that occurred in the last eight years and the level of disrepair of many American bridges and roadways money spent on infrastructure is well spent. Anybody that has studied economics for any length of time KNOWS that money spent on infrastructure is actually an INVESTMENT that repays itself with interest. By having a safer more efficient transportations system people, and goods travel more quickly and in fact it can actually save lives.
No country can stay globally competitive with a poor infrastructure. That's why China is spending hundreds of billions of dollars on roadways, dams, railways, bridges, airports, shipping terminals and other forms of infrastructure.
In the last eight years? So it's Bush's fault then. Thanks for clearing that up.
It certainly does. I can drive aroud my area and see plenty of signs letting people know that stimulus funded projects are under way. The only thing is no work is being done in allot of those locations- other than putting up those signs.
Oh... they just put up signs, but there is no work being done, and no plans for work to be done? (And of course it's Obama's doing -- he sent secret instructions I guess)
Oh... they just put up signs, but there is no work being done, and no plans for work to be done? (And of course it's Obama's doing -- he sent secret instructions I guess)
Can you give proof of this?
Sure. Come up to Michigan.
I94 in southwest Michigan has the signs. But no work.
Oh wait .... there have been 10 miles worth of barrels blocking one lane for months.
So ... apparently, the stimulus paid for workers to put up barrels.
And the stimulus will pay for them to take them down
Shovel ready jobs my butt.
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