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.