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View Full Version : Stimulating Economic Growth



Ian McColgin
02-17-2010, 11:41 AM
The claim that the stimulus has not created jobs is utterly false, but there are now enough data to look at what form of spending is most productive in terms of job creation.

Data from the House Transportation and Infrastructure Committee [http://transportation.house.gov/singlepages/singlepages.aspx?NewsID=852] show that for every billion to public transportation 19,299 job-months are created. We get a return of 10,493 job-months for every billion spent on highway infrastructure.

Which is not by any means to say that we shouldnít be fixing highway bridges or investing in other job creating public works like housing and schools.

But we know that transportation has been at the heart of civilization ever since our ancestors learned to store grain by making beer and thus needing roads to get the keg to the weekend party.

Publicly available mass transit - mass including cargo as well as people thatís local, intercity, regional, and national - is an economic driver both in direct wealth creation and in the movement of everything it takes to make wealth work for the common weal.

TimH
02-17-2010, 12:09 PM
I think we are the only developed nation that waits for bridges to collapse before replacing them.

TomF
02-17-2010, 12:46 PM
I think we are the only developed nation that waits for bridges to collapse before replacing them.Depends on how you parse the word "nation." Quebec has from time to time had a similar approach, and even our current Conservtive Prime Minister has reached a fairly amicable description of calling the Quebecois a "nation" within the country of Canada.