Another $2T stimulus on the way...this one for infrastructure projects

rolltide · Mar 31, 2020

Trump is a leftist's wet dream on spending...

toss out your laptops and grab a hardhat...it's time to build stuff :hammerit

Trump tweet around noon today:
[FONT=Verdana,Tahoma,Arial,Calibri,Geneva,sans-serif]With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4[/FONT]

PatsFan1283 · Mar 31, 2020

Trump has always embraced the government as a source of economic stimulus, even on the campaign trail.

His comments about negative rates are even better.

SunDodger · Mar 31, 2020

I knew this was going to happen. They are going to use this crisis to roll out several mass stimulus bills. Every pet project will get funding.

Phase 4, phase 5, phase 6....

$30 trillion in debt here we come.

rolltide · Mar 31, 2020

look at all the pretty colors mom

https://www.usdebtclock.org/

festeringZit · Mar 31, 2020

disgusting...

SheriffJoe · Mar 31, 2020

PatsFan1283 said:
Trump has always embraced the government as a source of economic stimulus, even on the campaign trail.

His comments about negative rates are even better.

No words.

He's lost his mind.

Never let a crisis go to waste.

rolltide · Mar 31, 2020

look on the bright side, fellas

TomGshotput · Mar 31, 2020

Sun Dodger said:
I knew this was going to happen. They are going to use this crisis to roll out several mass stimulus bills. Every pet project will get funding.

Phase 4, phase 5, phase 6....

$30 trillion in debt here we come.

Don't worry. He's from the government and he's here to help.

JohnnyMac · Mar 31, 2020

Socialism to the rescue!

Doug · Mar 31, 2020

He's turning into FDR and the New Deal all over again, can WW3, the really big one be far behind ?

It does make some sense to rebuild our crumbling infrastructure at no interest and put people back to work, but this might be a bit too much debt to add, especially by a Republican POTUS !

I don't think Hillary would have done any better.

rolltide · Mar 31, 2020

I remember my blood pressure rising everytime Obama used that fn term, "shovel-ready".

I will need to practice some serious "serenity now!" exercises over the coming weeks

busterhyman · Mar 31, 2020

shouldn't have signed last one...shouldn't sign this one...unless no pork added

rolltide · Mar 31, 2020

busterhyman said:
shouldn't have signed last one...shouldn't sign this one...unless no pork added

first off it won't be $2T, it will be far higher, and if you have ever been on the "inside" of how state/local/fed govt awards contracts you'd know this is a disaster. I know it from the local Borough POV and it's somewhere b/w comical and sad

1) some projects will simply go to the lowest bidder. i had a public works guy tell me one time to remember everytime i drive across a bridge in his town it went to the person who built it with the cheapest materials, using the most desperate engineer designs, and built by the least experienced staff. These are the "low bid wins!" projects that will occur at local and state level
2) the truly big projects will be handed down with a wink and a handshake. New pavement on an interstate that should cost $60M will be signed at $160M with the excess pocketed by the shakers and the winkers. And then due to, ahemm, unforeseen circumstances, the project runs well over in both time and money and becomes a $600M job that is 10x what the real cost should have been
3) then come the unions. enough said
4) dummy companies will pop up (see: Solyndra) that are loosely related to the projects in terms of building next-gen equipment that never gets made. These usually run in the $500-750M range a piece and are awarded through special interest groups with massive political contributions on their books

drain the, ah, eh, the ummm, drain that swamp!

CaptainLee · Mar 31, 2020

PatsFan1283 said:
Trump has always embraced the government as a source of economic stimulus, even on the campaign trail.

His comments about negative rates are even better.

(<)<

SunDodger · Mar 31, 2020

With all this money printing, maybe they can build another "Bridge To Nowhere."

rolltide · Mar 31, 2020

Sun Dodger said:
With all this money printing, maybe they can build another "Bridge To Nowhere."

and finish that bullet train from LA to SF … only need an additional $80B they say https://www.latimes.com/socal/burba...-officials-review-burbank-los-angeles-section

SgtLanquel · Mar 31, 2020

Don trump has never had to balance a checkbook in his entire life.....and yet 63million Americans decided he was the best man to manage a multi-trillion dollar operation

JackStraw77 · Mar 31, 2020

Putting people to work to fix roads and bridges. I see nothing wrong with that but most of the contracts will go to mob owned companies who will inflate the project and skim off the top. Katrina all over again.

Willie99 · Mar 31, 2020

I hope I don't have to study this one

I hope Nancy gets at least one wish, increase the SALT deduction. I just love deductions and lower taxes, turns me on