Posted on 11/14/2016 11:56:51 AM PST by 2ndDivisionVet
Will Donald Trump be able to lift the U.S. economy out of its funk? That remains to be seen. But one CEO who voted for Trump thinks he will be able to make America's roads, bridges and highways great again.
Bill Sandbrook, CEO of U.S. Concrete, a company that is expected to generate $1.2 billion in sales this year, is excited about what Trump will mean for his business.
Sandbrook said he voted for Trump -- and even predicted the billionaire would win shortly after he wrapped up the Republican nomination -- because he thought Trump had a better plan to fix the nation's infrastructure.
"There hasn't been enough political will to increase funding. Washington needed an outsider and oversized personality to not just talk about infrastructure but to get it funded and enacted," Sandbrook said. "It's not going to be a cakewalk. But I'm optimistic."
Investors are as well....
(Excerpt) Read more at money.cnn.com ...
Maybe I’m sensitive, but this article (I think) tries to imply “kickbacks” and “cronies”. But there seems to be no grounds for any thoughts like that. Maybe I’m paranoid.
Ironically, the unemployment rate will probably spike up initially because people will re-enter the labor force.
If there is a boom of any sort then, suddenly, all the money added to the economy by Obama will hit the market. Inflation will spiral out of control. The money supply has been increased by several hundred percent, plus quantitative easing of $87 billion a month for five years or so. Inflation is too much money chasing too few goods. People will panic and buy material goods to beat the price increases. Everything will go up, except the official inflation number which will stay low because it has been a lie for decades now. If the inflation numbers had been real a new BMW super car would price out at under $20,000.
I thought we already FIXED the damn infrastructure. Is this just one big black hole of money?
the unemployment rate is 4.5% - unless Fed.gov and Trump seriously curtail social security disability, student loans, welfare, and a host of other cheap subsidized government money that keeps 90 million adults out of the workforce - it will be tough to find competent workers for it.
The “crumbling infrastructure” idea is a fantasy anyway.
Civil engineer? Just curious.
I am a civil engineer. I can tell you are not, and have no knowledge of the state of American infrastructure.
I’m also worried about our 100 year old power grid.
shouldn’t unemployment number go below zero?
just kidding, I realize they are not properly reporting unemployment numbers and some thing will have to be done to correct ithe reporting of it in the media/public
Its always a good question to ask.
I associate ‘infrastructure’ with cronyism but in the end the comeback would be ‘somebody has to do the job’ and they will get the taxpayer dime to do it.
Wall Street is doing well overall with tech stocks down. The tech companies were cronies with Hillary, I guess.
There were other businesses out there without the crony relationship that the Democrat Party and GOPe have with tech companies-I have seen Tim Cook of Apple associated with Speaker Paul Ryan.
Trump has worked all his life with construction companies, concrete companies etc. etc. That’s for sure.
I am a civil engineer too. Where I live, there’s basic infrastructure maintenance, usually carried on regularly by local government, counties and states. This takes place every day and there are few problems.
Then there is Fed.gov gifting vast sums of money on preferred politicians, districts, and political constituencies. This is where the fantasy part comes in.
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