freecounterpoint: Interesting article on the stim plan

Friday, February 06, 2009

Interesting article on the stim plan

6 comments:

Tecumseh said...: [Pork-barrel] spending did little more than sink Japan deeply into debt, leaving an enormous tax burden for future generations. Duhhh... Joys of socialism.; 2/06/2009 7:56 AM
Tecumseh said...: “Stimulus worked in Japan when it was tried,” said David Weinstein, a professor of Japanese economics at Columbia University. “Japan’s lesson is that, if anything, the current U.S. stimulus will not be enough.” Double down! Let's spend 4 trillion on pork! Who's gonna pay? Silly question.; 2/06/2009 8:01 AM
My Frontier Thesis said...: It's not only that I think, but it's more a reality of physics and general bridge maintenance: yes, in America, put money into the upkeep/restoration/repair of existing bridges. The collapse of the 35W bridge that spans Minneapolis-St. Paul ought to be evidence enough. As for building new bridges: there are some great predictive modeling programs available (I'm thinking through ESRI's GIS) that Japan didn't have in the 1980s. These are decent programs that can demonstrate what public works projects would be most beneficial in the long run to bolster the free market. Does anyone care to imagine what America would look like without Republican President Eisenhower's interstate highway system? There is a north-south stretch (I-83) that runs through central North Dakota, and the southern half of it could easily benefit from being rebuilt into four lanes — it's still just a two lane "Interstate." There is a lot of increased oil and natural gas exploration going on in Dakota and eastern Montana, though, thanks in large part to the geological Bakken formation. Oil companies should carry some of the burden of the upkeep of these otherwise shitty little county roads (they do a fairly good job).

Just some random thoughts, though.; 2/06/2009 9:50 AM
Mr roT said...: Big turnaround here. Now the NYT is turning on Obama (and even FDR's handling of the depression?).

This is very strange.; 2/06/2009 12:50 PM
Tecumseh said...: Vae victis. Victory has a thousand fathers, defeat is an orphan. Who said that?; 2/06/2009 9:30 PM
Mr roT said...: Now the victor is the orphan?; 2/06/2009 9:57 PM

Subscribe to: Post Comments (Atom)