[MiNe 109]

In article
,
Clyde Slick wrote:

On 14 Feb, 16:03, MiNe 109 wrote:
In article
,
*Clyde Slick wrote:





On 14 Feb, 12:18, George M. Middius wrote:

What could possibly be the purpose of building up the infrastructure?
Other
than providing paying jobs for unemployed people, that is.

Think really hard about that one, Sacky. It may come to you.
(Especially if
you don't spend any time at Witless's house while thinking about it.)

sure, it has purpose on its own merits, but the infrastructure
improvements are not a "road" to sustained economic recovery.

We should faciltate the creation of private sector jobs that will
permamanent jobs.

The stimulus package provides temporary funds to
*fix some things that are needed and wrok on other things that are
not.
But most of it will not stimulate sustained growth or activity.

The one bright spot I see is talk about finally buying
up the bad loans and rewriting them into something
reasonable that owners can afford.
It should have been done months ago, before Obama came in.
This whole mess is mostly a credit, banking, equitry, and mortgage
crisis.

You're hung up on the sustained thing. The point is to reduce the depths
of the downturn, quickening the recovery. Once that happens, the
"sustain" takes care of itself.


there is no impetus for sustained recovery.
once a public works job is done, you are back
to where you were before. The only lasting thing
created is the infrastructure itself, and an improved road,
as necessary as it may be, does not contribute to sustained
recovery.

It doesn't matter on what the stimulus is spent, so long as it is spent.

http://www.auburn.edu/~johnspm/gloss/fiscal_policy

Stephen