Trumps Infrastructure Bill Won't Help Economy... Throwing Away Money

[Economy 52,839]

https://www.google.ca/amp/s/fivethirtyeight.com/features/america-may-finally-be-ready-to-fix-its-infrastructure-too-bad-the-timing-stinks/amp/

 

An increasing number of analysts are warning that Trumps infrastructure goals right now would serve virtually not benefit and will only be throwing away money

 

For starters the direct effect on jobs will be limited because the unemployment rate is already low. In fact most construction firms now report having a hard time filling all their positions. This means that if the Government hires more construction workers now, it will be competing with the Private sector for labor. It wouldn't be unemployed people finally getting a job, it would be people who already have a job working for the Government fixing roads instead of building a house for a Company for example. Not only will this not help unemployment, but the Private sector could struggle to grow when the Government is taking away their workers

 

Secondly because few new jobs are created, the ripple effect from higher consumer spending would not be felt

 

Basically the Government would be throwing away money and creating inflation for everyone without economic benefits.

 

Instead Analysts suggest waiting until the next economic slowdown when stimulus spending actually has an effect

[Petie Estie 5,704]

.....but.....okay i'm all for hating on Trump but.....what about fixing the actual infrastructure. Isn't that the point of this bill? lol 

[Economy 52,839]

Mods: @Kayla @PartySick @Zilla

 

Thread got doubled. Can u plz merge? Thx

 

[Economy 52,839]

1 minute ago, SEANGT said:

.....but.....okay i'm all for hating on Trump but.....what about fixing the actual infrastructure. Isn't that the point of this bill? lol 

But Trumps main goal is the economic benefits

 

Also, this is a decades old problem in the making. Wait 2 or 3 years for the next slowdown and u can pass this bill without economic overheating

[DeleteMyAccount 11,881]

3 minutes ago, Economy said:

But Trumps main goal is the economic benefits

 

Also, this is a decades old problem in the making. Wait 2 or 3 years for the next slowdown and u can pass this bill without economic overheating

But his supporters expected everything done in the first month like he said. 

[Petie Estie 5,704]

4 minutes ago, Economy said:

But Trumps main goal is the economic benefits

 

Also, this is a decades old problem in the making. Wait 2 or 3 years for the next slowdown and u can pass this bill without economic overheating

that makes sense I guess. thanks! 

[LePetitGAGABLover 21,234]

Tump, heck, humans in general, summarized in ONE gif.

[Woolfsmck 2,763]

2 hours ago, Economy said:

https://www.google.ca/amp/s/fivethirtyeight.com/features/america-may-finally-be-ready-to-fix-its-infrastructure-too-bad-the-timing-stinks/amp/

 

An increasing number of analysts are warning that Trumps infrastructure goals right now would serve virtually not benefit and will only be throwing away money

 

For starters the direct effect on jobs will be limited because the unemployment rate is already low. In fact most construction firms now report having a hard time filling all their positions. This means that if the Government hires more construction workers now, it will be competing with the Private sector for labor. It wouldn't be unemployed people finally getting a job, it would be people who already have a job working for the Government fixing roads instead of building a house for a Company for example. Not only will this not help unemployment, but the Private sector could struggle to grow when the Government is taking away their workers

 

Secondly because few new jobs are created, the ripple effect from higher consumer spending would not be felt

 

Basically the Government would be throwing away money and creating inflation for everyone without economic benefits.

 

Instead Analysts suggest waiting until the next economic slowdown when stimulus spending actually has an effect

Sounds like leadership is disconnected from the needs of the population.

[Born To Slay 10,996]

awesome! I love hearing bad things about the presidents plans. 

Seriously tho, his plan really is terrible and Nancy Pelosi did a great job explaining why. 

[Economy 52,839]

2 hours ago, Born To Slay said:

awesome! I love hearing bad things about the presidents plans. 

Seriously tho, his plan really is terrible and Nancy Pelosi did a great job explaining why. 

Not awesome. It's best he loose presidency another way. Having him loose at all costs isn't worth it

 

This is a lot of wasted money were talking about

[Born To Slay 10,996]

1 hour ago, Economy said:

Not awesome. It's best he loose presidency another way. Having him loose at all costs isn't worth it

 

This is a lot of wasted money were talking about

Ill take almost anyway tbh

[Economy 52,839]

15 minutes ago, Born To Slay said:

Ill take almost anyway tbh

Almost what?

[Born To Slay 10,996]

Just now, Economy said:

Almost what?

Any way that Trump is humiliated is good with me barring a nuclear war 

[Economy 52,839]

1 hour ago, Born To Slay said:

Any way that Trump is humiliated is good with me barring a nuclear war 

Lol ok.. I just still think it's odd to not want him to be President because he will do bad stuff and then be glad he does something especially bad so he can loose next election

 

I just think it's too huge a cost. Plus the average joe might not even understand what happens as a result of this

[reditaccount288 377]

"An increasing number of analysts are warning that Trumps infrastructure goals right now would serve virtually not benefit and will only be throwing away money"

who cares