Friday, February 1, 2008

Stimulus to Exacerbate the Housing Bubble

I mean you really cannot make this stuff up! Investing in existing infrastructure is one thing, but continuing sprawl is going to make a bad situation worse. Building Roads does not create sustainable jobs.

“The survey asked states to identify projects that could be underway within 30-90 days. Some analysts erroneously claim that states can’t act that fast. But this response demonstrates that there is a store of projects that states have had to keep on the shelf for lack of resources. Funding for these projects would be a real boost for the economy,” Horsley added. Analysts estimate that for every $1 billion invested in transportation projects, 42-thousand jobs are created.

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