William Vernisie

Faux Economics: American Recovery and Reinvestment Act

If anyone cared to read my prior comments on the economy, they wouldn't question my pragmatic view. I feel that the administration has launched a large scale PR campaign complete with shining falsehoods. As the article stated, road crews are out fixing roads in Mass. at all hours of the day (and paying that overtime). If it wasn't for the financial fiasco, would those road crews be out fixing delapidated streets or would front ends on cars be out of alignment because of pot holes? Why weren't these same streets important BEFORE the collapse started? Why couldn't the gov't have parted with some bucks to create a better infrastructure that could eliminate traffic congestion and save a couple of bucks (or gallons) on gas that would be be beneficial in saving the entire economy money on energy costs. Why throw money into saving an economy reactively when, with a little forethought, they could have created a better economy proactively by spending in order to build and save. The recovery act is just that, and act. A bandaid on a shark bite.