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President Obama urges (live audio) Congress to pass the infrastructure portion of his jobs act -...

President Obama urges (live audio) Congress to pass the infrastructure portion of his jobs act - including working on 215 of the nation's structurally deficient bridges. If Congress clears the path, will infrastructure-related ETFs GII, IGF, and PXR get a boost?
Comments (13)
  • Windsun33
    , contributor
    Comments (4277) | Send Message
     
    More "shovel ready" projects?

     

    The timeline for most of those type of projects is 2 to 4 years before the first crane or bulldozer starts up it's engine. One might wonder why this was not in the first massive pork.. er stimulous bill.
    2 Nov 2011, 11:30 AM Reply Like
  • bbro
    , contributor
    Comments (9852) | Send Message
     
    Th world is willing to lend us 30 yr money at 3.10%...
    2 Nov 2011, 11:31 AM Reply Like
  • GOLLIATH
    , contributor
    Comments (47) | Send Message
     
    Yessssss!! Economists think 2M jobs are going to be created, I say do it. We need to put America back to work. Enough of tea party destroying the country!
    2 Nov 2011, 11:33 AM Reply Like
  • Windsun33
    , contributor
    Comments (4277) | Send Message
     
    Which economists? Care to share a cite for that info?
    2 Nov 2011, 12:28 PM Reply Like
  • lafano
    , contributor
    Comments (221) | Send Message
     
    Golliath, Why do you think the tea party is destroying the country?
    2 Nov 2011, 12:10 PM Reply Like
  • Windsun33
    , contributor
    Comments (4277) | Send Message
     
    Because he only listens to MSNBC maybe?
    2 Nov 2011, 12:27 PM Reply Like
  • lafano
    , contributor
    Comments (221) | Send Message
     
    Windsun, perhaps you're right! Apparently Golliath forgot about the first stimulus...thus resulting in a 9.1% unemployment rate...perhaps he forgot where the money really went. I trust that he is upset but doesnt know where to vent his frustration...why the tea party is beyond my comprehension...
    2 Nov 2011, 12:37 PM Reply Like
  • GOLLIATH
    , contributor
    Comments (47) | Send Message
     
    The tea party only wants to cut spending. How the hell is that going to create jobs??

     

    Austerity doesn't works, look at the Eurozone....
    2 Nov 2011, 12:55 PM Reply Like
  • Windsun33
    , contributor
    Comments (4277) | Send Message
     
    And spending beyond your means works SO well.. look at Greece, Italy and Spain.

     

    Germany on the other hand, has been on an austerity plan now for about 2 years...
    2 Nov 2011, 03:12 PM Reply Like
  • lafano
    , contributor
    Comments (221) | Send Message
     
    The readers digest answer is: Apparently you are misled or misinformed. Their primary objective is promoting "fiscal responsibility" for obvious reasons. Government doesn't create jobs. Don't you remember the last stimulus? What jobs did they create...none...in fact, unemployment went to a high of 9.1%. We should be able to learn from our mistakes. Jobs can be created by having the Government create the environment for the private sector to hire more people. Government can help buy lowering corporate taxes, which is one of the highest in the world. If we dont become more fically responsible, we will not have to worry about jobs, becasue our economy and country will be destroyed.
    2 Nov 2011, 01:10 PM Reply Like
  • Windsun33
    , contributor
    Comments (4277) | Send Message
     
    It is impossible of course to know what the true results might have been, but a couple of economists have said that without the stimulous unemployement would have peaked at around 9.4%, but now would be in the ~8% range. Who knows.

     

    The majority of the last stimulous went to propping up local and state governments, which essentially just gave them some breathing room that few - if any - took advantage of. Now that the money is gone, local governments are back to laying off people just as they would have before, but are now even deeper in debt.
    2 Nov 2011, 03:14 PM Reply Like
  • lafano
    , contributor
    Comments (221) | Send Message
     
    I agree, its difficult to quantify. However, the fact remains unemployment is over 9% and GDP of approx. 2%, the price tag was over $800b to acheive it. Keynesian economics is the wrong path to take today, especially with our current deficit. Im all for a good balance to acheive growth but we're at a tipping point of no return if we continue to increase spending and the deficit. There are so many other ways to promote growth...
    2 Nov 2011, 03:26 PM Reply Like
  • Windsun33
    , contributor
    Comments (4277) | Send Message
     
    The problem with what the politicians and people like Krugman call Keynesian is false. Keynes said that during the good times that countries should set aside extra money in a "rainy day fund" to use as a stimulous in bad times.

     

    Obviously of course, not one single country that I know of set aside any such fund, so they are using debt, which only makes the problem worse in the long run
    3 Nov 2011, 10:34 AM Reply Like
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