Trump hasn't learned
After the market reacted badly to his first economic policy he thinks the solution is yet another stimulus/debt combination. He wants to spend 1.5 trillion on roads. Another policy that would be the right thing if we were in a recession already but will just spike inflation in the present economy. We are already at full employment. Does this guy have zero common sense? He build himself as a business guy but he doesn't get it
Except did you read about how he wants to fund most of it? Through tolling and privatization and licensing. Now that’s the stupidest thing I’ve ever heard. No wonder this ass clown couldn’t even manage to keep a casino in the black.
OP needs to visit China or Germany to see how far behind the infrastructure game the US is. We can definitely use better roads, ports and trains / subways.
that isn't op's point
I see a lot of jingoistic replies here. But no one addresses the negative economic impact of inflation. No one discussed the impact of using stimulus in an economy at full employment. Open your eyes. You can blab all you want about China. Here in the United States this will cause a lot more inflation.
The problem is we don’t actually want pay for it. We have this mind numbing belief that we can cut revenue and increase spending and it’s all good. Last time I spent more than I earned, I ended up with a large bill due. Trumps inflationary policies are going to hurt us badly. Our economy is dependent on low rates. Been this way for years now.
Russia has a set budget for building underground bunkers for their cities to weather a nuclear war. We should update our infracstructure. the ASCE has been screaming for this for the last 5 years or more. The work is needed, I'm just not sure how b you do it without the inflation debt problem.
By not slashing taxes at the same time. 😑
Tolling is essentially taxation 🤷🏻♂️
Not the same as a federal/state tax. That goes to private for-profit corporations... which are the ones I would like to buy stock now if this is happening 🤑
Theres a lot of different ways. Some tolls pay off the price of the infrastructure to the municipal or state government and then become free
Trump hasn’t learned from his Taj Mahal days that turned him into a laughing stock on Wall Street. All he’s learned and mastered is the art of bull shit and talking out his ass. He should restart Trump University with a masters course on it.
So let's just let more trains crash, cause fuck Trump right?
Capital depreciates. At some point additional investment in capital doesn't help/add to things like GDP. Of course things need repair but is that the best focus? No. There's a limit to growth via capital investment, and we could well be there.
I think it’s unfair to call the infrastructure in us shitty and 3rd world. I have lived both in third world and our northern neighbor. We are extremely better than 3rd world and mostly better than Canada. It’s not apples to apples if we compare US infra to Germany. Germany is a huge economy in a relatively small land. It’s easier for them to develop and maintain infra, just think about the number of bridges in US vs Germany. Also when comparing with developing countries such as China, have in mind that usually in these countries there are a small number of highly congested urban areas which are well developed and high tech, but the rest of the country is centuries behind.
See today’s businessinsider article on the state of US infrastructure
We live in a world where building/fixing infrastructure is a bad thing. The infrastructure is 3rd worldish in the country and lagging behind chinas of the world.
But unlike those countries, Trump proposes we just borrow the money and slap it on the credit card and enact tolling everywhere. At peak employment and at the height of the economy, we’re supposed to raise taxes to pay for this stuff. Not borrow and spend more.
Have you been to the third world or you are too drunk on trump's BS?