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- Another American Money Pit: Infrastructure [view article]
- How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II [view article]
- The Perils of Construction in the U.S. [view article]
- Homebuilders and Construction ETFs [view article]
- Exchange-Traded Funds and Closed-End Funds by Asset Class, Type and Provider [view article]
- Quant Strategy Sector ETFs [view article]
- How to Help Both Homeowners and Lenders, at No Public Cost [view article]
- Morgan Stanley: Commercial Construction Is the Recession's Next Victim [view article]
- Housing Correction Gives Us Plenty to Worry About [view article]
- Morgan Stanley: Housing and Financials Will Lag a Recovery [view article]
- Ebbs and Flows for Housing Market ETFs [view article]
loading ...Recent PKB Articles
- Engineering and Consulting: An Alternative to Investing in Oil Companies
- PowerShares Dynamic Building & Construction Finds Pockets of Growth
- Another American Money Pit: Infrastructure
- How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play It, Part II
- The Perils of Construction in the U.S.
- How to Help Both Homeowners and Lenders, at No Public Cost
- Housing: Underwater Isn't the Same as Negative Equity
- Housing Correction Gives Us Plenty to Worry About
- Morgan Stanley: Commercial Construction Is the Recession's Next Victim
- Morgan Stanley: Housing and Financials Will Lag a Recovery
- Full List of Articles »
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Another American Money Pit: Infrastructure [view article]
Maybe just globalize the infastructure of the world. Take all the US transportation govt. workers and trade them 1:1 for Japaneese, European, China govt. workers. I bet the US would hire them, but nobody would hire the US worker. Replyr
Another American Money Pit: Infrastructure [view article]
More and more astute citizens are picking up on the fact that our government has become a fascist totalitarian state.What can we do short of armed rebellion?
Vote out all incumbents that's what!!
Every candidate for federal, state and local political positions are part of the kakistocracy that is ruining America! Ask yourself; does the government sector shrink when private industry declines? No it doesn't. Budgets continue to escalate in mandated and unfunded crushing debt put upon us.
The ONLY way to correct the problem is for the American people to vote them out of office. A mass purging of the jobbery that has broken the trust of the electorate must happen to save our country.
Break the stranglehold in government by voting for a third party candidate if possible; but DON"T RE-ELECT THE POLITICIANS CURRENTLY IN OFFICE! Reply
Another American Money Pit: Infrastructure [view article]
A number of people here, including fxtrader, are right on the money. Comparing our infrastructure to Europe and Asia makes it look to me like our country has been run by slumlords! First we spend billions blowing up Iraq's infrastructure, then billions more to rebuild it.A well maintained infrastructure helps with commerce which helps the economy. Spending the money here instead of abroad helps create jobs that cannot be outsourced.
Those in power now talk the capitalist talk in justifying our lack of investment at home as something that is too expensive. But they don't think spending $120 Billion a year in Iraq is too expensive, AND they look for anti-capitalist bailouts when they screw up. They want to have it both ways, all of the reward and none of the risk! It must be nice for them short-term but the rest of us suffer this mis-allocation of resources. Reply
Another American Money Pit: Infrastructure [view article]
for all the bragging about 'old europe' the crooks running the administration should have looked at how far ahead and much more up-to-date most European countries are in terms of infratsructure (despite all their financing problems with pension and social security, medicare etc).It#s the classic trap the ancien Romans fell into. In order to maintain their world empire they wasted all the money on troops and armament and on sending their legions everywhere. while their heartland declined economically. The u.s is facing the same. wasting trilions on wars and army and weapons, consumers borrrwoing to the hilt - a pure consumption economy that all of a sudden discovers that all the 'services economy' talk was just plain stupid - now that the financial services bubble has collapsed Reply
Another American Money Pit: Infrastructure [view article]
I have to agree with Caltortom. But also less is more when maintenance costs are high. Given high gasoline prices, there should be more emphasis on public transportation and less on roads. ReplyAnother American Money Pit: Infrastructure [view article]
Welcome to AmeriKa, the land of bailouts and entitlements. ReplyAnother American Money Pit: Infrastructure [view article]
Republicans have been running down the infrastructure for the past 50 years.Instead of upgrading, they've been telling the Sheep that "it's your money--we're giving it back to you" and then giving it to The Already Rich.
Plus, in the past year, they've been looting the treasury giving to The Ultra Rich (who made bad decisions).
The GOP is a Crime Syndicate, plain and simple. They need to be prosecuted under the RICO laws and forced to either flee to Uraguay or be extradited to the Hague and forced to break rocks on a rockpile until everything is paid back... Reply
Another American Money Pit: Infrastructure [view article]
User 229 and Rokjok, you nailed it.Bidding on contracts assigned at the State and Federal level is very prone to Chronie Capatalism. Our nation does outsource almost everything to the private sector these days, but these are back door deals on who gets the contract ahead of the bidding process. That speaks to HARMS comment about Haliburton. That is Chronie Capatalism. More accurately, you call this Fascism. OK, so Republicans had more then there fair shair in Iraq, Democrats in Mortgages. It's a non-partisan issue of corruption and greed up there on the Hill.
Remember the Big Dig in Boston? $14.6 B spent on an original cost estimate of $6 B when it was started in 1991. Some remember that a 38 year old women died when one of the tunnels collapsed because of cheap rivets used to reinforce the concete. Her husband in the car lived, practically unscathed. Where did all the 'cost savings' of the rivets go? We all know the answer and it was not into that tunnel.
Such has been the way of America for a long time now. You must change Washington and to do that you educate the American public to the truth, not the Obamamessiah-Hitler or McLame-don't understand-economics way either.
Hats off to gentlemen like Peter Peterson and David Walker. Guess what? They are the new American philanthropist. We will become the new enemy of the State, but I am not concerned. 60 million armed Americans with a government not supported by it's military is good odds that We the People will have our way. And the truth is already out on the web, can't pull a gestapo now either, it has been broadcasted the world over many times saved and replicated. Now the process must accelerate to propogate that truth. Reply
Another American Money Pit: Infrastructure [view article]
When I drive around US cities, it seems to me that the roads are in much better shape than they were in the 1980's when car-sized potholes dotted the freeways of Detroit, Chicago and NYC. I think though that the US should declare a moratorium on new highway construction and devote all funds to mainteneance for the next tens years or so. More highways just create more traffic. ReplyAnother American Money Pit: Infrastructure [view article]
Problem is that most Americans (politicians included) have never travelled outside the US. If they did, they'd see what a sorry state the US infrastructure is in compared to many other countries. Take a trip to France: every road, every sign, nearly every building is perfectly maintained. Or take a trip to Singapore, or Japan, or China, or Germany, or Chile, or Canada or Korea etc etc These countries understand that there is such a thing as "the public good', there are not just corporate interests. Corporations can't be expected to invest in a nation's infrastructure. Even though they benefit from it, you can't expect them to fund it. So the American experiment, "just give corporations everything they want and it will all work out", falls woefully short. Unfortunately there are these inconvenient little things called "people" who live in a country and need things like highways, bridges, not to mention schools, and health care, and solvent banks.....Time for the Robber Baron era to end. ReplyAnother American Money Pit: Infrastructure [view article]
"A great opportunity to privatize the infrastructure. Or we can pay bloated government wages for shoddy workmanship for which no one is responsible and complain about how we need to spend another trillion to fix it. Let the private sector take over and they will spend as much as necessary, as efficiently as possible, and not a penny more."Uh... huh. Yes, let's get the "private sector" to take over. After all, they've done one heckuva job rebuilding Iraq. Cuz they're so "efficient" and "ethical" n stuff. Operation Infrastructure Rebuild c/o Halliburton, Enron, Bear-Sterns & Indymac. All with a nice taxpayer "privatize profits, socialize losses" backstop, of course. Yup... that's the ticket. Reply
Another American Money Pit: Infrastructure [view article]
This is the classic evidence of a country that is largely controlled by corporate interests. Much of federal money is spent annually on the military, farm subsidies, health care, pharmaceuticals etc. - all to make large profits for the corporate players and to provide almost nothing for the country's infrastructure or its citizens. Is this a real democracy when corporate interests control both political parties through private political financing?Reply
Another American Money Pit: Infrastructure [view article]
Where're my gas taxes going? ReplyAnother American Money Pit: Infrastructure [view article]
China is building 10+ or more cities of about 20-30MM people from scratch, and they're putting in communications, transportation, and energy infrastructure in a coordinated fashion -- state of the art. Jus' sayin'. ReplyAnother American Money Pit: Infrastructure [view article]
It's possible that our nation faces a problem in this area, although I think the post overblows the issue. There's certainly no problem for investors here. It's possible that out in the real world some communities might face problems figuring out how to managed accidents or raise funds quickly, but the fact that the nation needs a lot of infrastructure work just means a lot of job opportunities for companies that engage in this kind of work. As bridges fail you'll see more political pressure to do something fast, and doing something fast usually means highly profitable contracts for the companies involved. When the government spends money on infrastructure work, it doesn't go into a black hole: it goes to raw materials suppliers and contractors who perform the work, then they pay their employees, then their employees spend the money, etc. A large amount of government-funded infrastructure work is usually a benefit to the economy, such as it was in Japan post-WWII. The amount the US sponsored pales in comparison to how much the Japanese invested in their own economy and how much their corporations grew out of the wreckage of WWII. Reply