Obama plans huge pubic works projects

Discussion in 'Economy' started by JimH52, Dec 6, 2008.

  1. JimH52
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    JimH52 Gold Member

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  2. Paulie
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    Paulie Platinum Member

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    This might prop us up for a little while, but there will be another bust to follow due to these low rates and the new money waiting for a home.

    I'm all for infrastructure projects, as it benefits the nation as a whole and we desperately need it, but not in the way it's GOING to come.

    It's going to be paid for in inflated Dollars, and my guess is most of the work will be given to unions and immigrants.
     
  3. Anguille
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    Anguille Bane of the Urbane

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    "huge pubic works"?

    size matters.
     
  4. Gord
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    Gord Active Member

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  5. Valerie
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    Valerie Gold Member

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    I agree. At least it is money well spent.

    Sort of like investing in your home with a home equity loan even though you also have a huge mortgage. Your debt burden is huge, but at least you can think of it as money well spent.
     
  6. Valerie
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    Valerie Gold Member

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    ;)

     
  7. Valerie
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    Valerie Gold Member

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  8. Red Dawn
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    Red Dawn Senior Member

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    That's exactly what this country needs to do, and it should have been done years ago. Spending money on roads, bridges, and infrastructure makes a hell of a lot more sense than spending trillions on the Iraq war and bailing out wall street tycoons. And infrastructure puts people to work, and pays for itself in the long run.
     
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  9. Valerie
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    Valerie Gold Member

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    :clap2:
     
  10. JimH52
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    JimH52 Gold Member

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    In any case, we will be spending money that we don't have. May as well spend it on the good old USA, rather than propping up an Iraq government that is doing everything it can to get us out.
     

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