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Politics : Formerly About Advanced Micro Devices
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To: michael97123 who wrote (493058)7/6/2009 4:28:35 PM
From: HPilot  Read Replies (1) of 1575410
 
The stimulus bill didn't work because taking from the rich and giving to the poor doesn’t much help the economy. In the past, some of the government spending which helped the economy are.

1. Building the intercontinental railroad connecting the east and west United States.
2. Building electrical power transmission and hydroelectric dams in rural America.
3. The space race.

I am sure there are many other, possibly better examples, but these are enough to make my point.

The order is not just from the oldest to the more recent, but also from the most effective to the least. The reason why they helped the economy is as follows.

1. The railroad companies were not willing to spend large dollars on the then low passenger and freight service required. But the railroads existence helped speed up development of the West.

2. Similarly the power companies were not willing to spend the thousands of miles of power lines and dams required to server rural areas, but their existence helped farms and grow, and often small towns grew to large cities in part because they received electrical power earlier than power companies would have offered the service.

3. Space race helped start the existing commercial satellite and earth orbit launches which are now mostly paid by private industry.
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