Re: Folks, this is a real depression, protect your assets

 

Nothing need be so black and white.

--
The whole problem with the world is that fools and fanatics are always so
certain of themselves, but wiser people so full of doubts.
    -- Bertrand Russel

 

Please!!  I am already overworked.
Sue who has job security

 

Not if the infrastructure improvemets are done wisely, so that they are
worth more than what they cost.  It's obvious that we shouldn't waste
money where it will do little good.  But you seem to think that congested,
unusable highways and inadequete ports are irrelevant to a business's
decision on where to locate.


--
The whole problem with the world is that fools and fanatics are always so
certain of themselves, but wiser people so full of doubts.
    -- Bertrand Russel

 

And you over-estimate the impact of improving them, as far as employment
goes.  -Dave

 

It depends on how you define nothing.  If you think of the military as a
jobs creation program, we'd be just as well off if all those folks spent
their time digging holes and then filling them back in.  To take it to a
further extreme, if they bombed American cities, we could employ folks to
rebuild them too.

IOW, the military is a necessary evil.  From a purely economic standpoint,
it is pure waste.  It produces no economic activity that grows the
economy, because all the production ends up being destroyed in war.

Think of it this way - every time we use a million-dollar "smart bomb", we
could have instead endowed a research position at a university, or built a
school, or immunized kids against disease, or improved our electric grid,
or whatever.  We could have spent the money on something that produces
dividends, instead of making a crater.  


--
The whole problem with the world is that fools and fanatics are always so
certain of themselves, but wiser people so full of doubts.
    -- Bertrand Russel