Friday, February 6, 2009

Stimulus package not focused on infrastructure?

Interesting articles on the stimulus package going through Congress, especially as it relates to the actual construction:

The New York Times has a piece that discusses Japan's major investments in infrastructure in the 80s onwards, and how it impacted its economic stagnation and recovery.

The "Infrastructurist" has several pieces, including an interview with Dukakis on construction (mis)management, as well as a more detailed article on just how inefficient the construction industry
is in the US.

In practical terms, although Obama and Congress is moving quickly on the stimulus package, mass transit seems to be on the short end of the stick - and is planned to receive only $9 billion of a total $900+ billion stimulus package - that is less than 1% of the total! On the bright side, much of the funding proposal will help to build things like hospitals and alternative energy (wind, solar) production.

Plus, Obama is now suing coal power plants that pollute. And he's pushing for even higher efficiencies for home appliances (another huge win).

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