Tag Archive | "Infrastructure"

America’s public infrastructure spending is “Daft”, guess who says that?

“With the economy weak and borrowing cheap, it is daft that America’s public infrastructure spending is at a 20-year low, even as the country’s roads, bridges and dams are rated D+ by the American Society of Civil Engineers.” A new free-trade lover-turned-liberal superhero? Left-wing irrelevant magazine? Progressive think-tank looking for foundation money? Nope…straight from the mouths of The Economist.

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It’s Time To Mobilize Workers’ Capital

Here’s a riddle: what large entity has the theoretical access to deploy a few trillion dollars, quickly, if given the chance? If you answered the Chinese or US governments, thank you for playing and please try again another time. The answer: labor unions.

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Where Did The Money Go? Ten Year War Costs: $4.4 Trillion

   Math is a pretty simple thing–except if you are an elected member of Congress engaging in misdirection, blaming the wrong people and a healthy dose of cognitive dissonance (which requires that you reconcile conflicting realities by blaming, justifying or denying the truth). Which brings us to: why do we have deficits? Well, at least […]

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Republican Party’s America: An Economic Bridge To Collapse

   This past Friday, I was standing on the Stone Arch Bridge in Minneapolis at a Laborers rally to push for massive infrastructure investment as a way to create jobs, and rebuild the country. In an obvious way and a less obvious way, standing on the bridge spanning the Mississippi gives one a clear understanding […]

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The Hurt Will Continue

   A lot of pain is going to continue to wash across the country. Witness this info on the continued lag in the construction industry: Construction is a big employer and one of the better-paid sectors for men who lack a college degree. The sector has shed 2.1 million jobs from its peak in March […]

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The Jobs Mirage: The People Need $1 Trillion More Now

The danger in a blip of good news is that it’s simply that: a blip. It is certainly a good thing that the data shows that 162,000 jobs were added in March. But, the truth is that this is not much to celebrate. And it actually should be a siren to move dramatically to embrace […]

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Deficit Malarky

   The deficit hawks are on the march–and this is a bi-partisan din. And it is basically nonsense designed to open the door to some very draconian cuts in our basic social safety net. Here is Dean Baker: Relative to the size of the economy, the deficits that we are running are large and the […]

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Tax Cuts Aren’t The Solution

   Well, welcome back to all who have been kicking back for the past few days, including yours truly. This year is going to be quite interesting–and, unfortunately, not a happy one as far as the economy goes, or so I’m guessing. I’m not going to spend much time today on prognostications–I saw a bunch […]

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