Obama plans huge pubic works projects

Obama banking on large-scale public works project - Yahoo! News

We are sliding deeper and deeper into economic disaster. Someone needs to do something quickly IMHO.

 

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.

 

"huge pubic works"?

size matters.

 

That's what FDR thought too. So he extended the Great Depression by another seven years...

 

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.

 

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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.

 

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.