Why the economic stimulus plan proposed by Barry and the boys will fail and be the boondoggle of all boondoggles and earmarks to heaven.
1) this is not the great depression. Unemployment is nowhere near 25% and will not get one third as high
2) In the GD, make work was hiring thousands of poorly skilled, poorly educated men as manual laborers and provide them with a shovel. Today, the same projects are high capital items with million dollar Caterpillar machines using a small fraction of humans necessary.
3) The world economy is an informational one not a human muscle one. The labor available is mainly poorly skilled and undereducated and cannot compete on the world informational stage. Unless training is included, it will not add much to the US brain pool.
4) Few of the project have any cost benefit analysis and will be selected on a purely political, read to go basis.
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