Concrete and Steel Will Only Make Our Economy Weaker

As I have said all along, the concept of using infrastructure rebuilding as a mechanism to kick start our economy is too limited in its scope to actually cause our economy to get back on it's feet. In fact, it was a waste of money during the FDR Administration and Great Depression; and, it will be a waste of money, now, by the Democrats and Barack Obama (See My Blog Entry of October "The Lessons of the WPA and the Great Depression"). Basically, all this infrastructure spending is intended as political payback for the labor unions who work in the heavy constructions industry. (No real change there!)

I am certainly not alone in that opinion. (Unless, of course, I'm standing amid a bunch of liberals who only know their own view of FDR and history as seen through the rose colored glasses that they view all past Democratic Presidents.) But, now, the bi-partisan Congressional Budget Office (CBO) has reinforced my belief by issuing a report that says that majority of infrastructure moneys won't hit our economy for "at least" two years out (See Full Story) and won't be an effective tool towards recovery. By the time two years pass, the unemployment in this country will continue to soar and it will probably be spinning out of control.

This is the problem when you allow politicians to engineer a recovery. They will always look to see how many votes they can "buy" with their actions; rather than do anything that would help the country as a whole. That's why most of these people, our politicians, would absolutely fail miserably if they tried to run a business. Just my opinion.