One thing I would like to see with more infrastructure spending, however, is more advanced construction. Let's start on a commuter rail project instead of filling more potholes.
Monday, October 11, 2010
More Stimulus to Come?
Infrastructure seems to be the best, most assured way of return for stimulus we have now in our present economy and political stance. Obama is calling for $50B for yet another stimulus package for construction and improvement to America's infrastructure. Obama is trying to get a bipartisan vote of confidence for this bill, keeping jobs and benefits solely here in the US. I think this is a good idea, and agree that infrastructure stimulation is a great way of creating jobs and improving the look and effectiveness of our roads, bridges, etc.
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I truly agree that this is a good program to once again stimulate the economy. However, I do not believe that the government should be intervening any further and increase the deficit. Obama has proposed many stimulus packaged and none of them have really been effective. As a result, I am quite skeptical about how this package is going to turn out in the end.
At the same time, the FED is also weighing further expansionary monetary policy through quantitative easing. I doubt that we'll see another stimulus... at least not before 2012, but I wonder how much coordination there is between the seemingly independent institutions of the Executive branch and the Federal Reserve. They have to coordinate their moves to some extent, right?
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