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0 pointsjerf12y ago0 comments

No sale. Economic stimulus is completely nonfunctional when the lead time is in the "many years". The term "shovel-ready" was thrown around a couple of years ago for a reason.

Of course, I suppose you could just hope that you start planning for the project in this downturn, but it'll only start in the next one....

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stevewilhelm12y ago

Work in the Central Valley, the part of California that was hit the hardest by the recent economic downturn, is expected to start this year.

[1] http://www.hsr.ca.gov/Programs/Statewide_Rail_Modernization/...

jerfOP12y ago

For the economic downturn that happened five years ago. The fact that we still need "stimulus" is itself a pretty powerful argument against its effectiveness. Our new economic innovation, making sure the economy stays down as long as our incredible sluggishness in "stimulus".

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