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speculawyer said:Considering we surpassed the housing crash of the great depression, ideas like this are starting to seem reasonable. But the current unemployment numbers are not nearly as bad as the great depression unemployment.
I'm still skeptical on a lot of the stimulus ideas though . . . with our globalized economy, so much of the stimulus projects just end-up using tax-dollars to stimulate foreign economies since we buy raw materials, tools, equipment, etc. from foreign vendors on so many of these projects. If they are going to spend money then they need to figure out how to spend it in ways where all the money stays here.
I think it would be good considering that the construction industry was one of the hardest hit by the recession. Those people would be especially vital to updating our ancient power grid, as well as updating all manner of dilapidated public roads, bridges, etc.