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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: KyrosL who wrote (71001)1/10/2009 7:14:02 AM
From: Snowshoe1 Recommendation  Read Replies (1) of 74559
 
I don't understand why we're hearing all these snide comments from TJ/Elmat/Mq and their ilk about the construction projects in the stimulus plan. The USA has vast amounts of infrastructure in a constant state of aging, repair, and upgrade.

Locally we're rebuilding and upgrading old arterial streets to modern standards. The work is organized into 2-year projects covering 1/2 mile or so of street. In year I the pavement/curb-gutter/sidewalks are removed and the underground gas/electrical/communications/waste-water/storm-sewer are replaced with new quake-resistant utilities. In year II the road/curb-gutter/sidewalks are rebuilt into a new "traffic calming" design with center islands, turn lanes, and nice landscaping. The end result is a safer, more efficient, long-lasting investment in public infrastructure. It's much better than spending money on unemployment relief.

State and local governments around the USA have thousands of such routine "bite-size" items in their project development pipelines that can be quickly advanced if new federal funding becomes available. Some of these projects have been deferred in recent years due to high costs during the recent boom years, so governments can get more done for their money under the current depression-like economic circumstances. With the private sector going down the tubes, it's logical to work on these government projects now.
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