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Politics : View from the Center and Left
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To: Steve Lokness who wrote (102489)2/1/2009 11:02:50 PM
From: TimF  Read Replies (1) of 542501
 
If you assume a big government stimulus is needed, the problem with $800bil of infrastructure spending is that it would take years to spend (esp. if you mean $800bil additional spending, and are not counting current federal spending on infrastructure). You would probably still be spending when the recovery is well under way, perhaps helping to build a new bubble. If we are relatively unlucky, you could still be spending when the next down turn comes around after the recovery. $800bil additional infrastructure spending, isn't an emergency stimulus, its a long, or at least mid, term spending bill.
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