Sunset News: Infrastructure spending won’t work

"We know we belong to the land and the land we belong to is grand"

Wednesday, December 24, 2008

Infrastructure spending won’t work

Infrastructure spending won’t work
Aiming to create jobs, raise incomes and set the economy on a steady recovery path, President-elect Obama is proposing a massive infrastructure spending programs. His program is backed by left-wing pundits and special interests.
The rub, Heritage Foundation expert Utt explains, is that "past infrastructure spending especially related to transportation has little to show in terms of countercyclical stimulus or job creation." In short, massive spending on roads and the like doesn't work as advertised.
» Read more about failed "stimulus" programs on

No comments: