Tuesday, June 16, 2020

Sputnik — Trump Mulls Spending $1 Trillion on Infrastructure to Kick-Start US Economy


What the Obama administration should have demanded instead of a bank bailout and weak one-time stimulus (thanks largely to Larry Summers).

Sputnik International
Trump Mulls Spending $1 Trillion on Infrastructure to Kick-Start US Economy

2 comments:

edzimmer said...

Timothy Taylor's argument that the U.S. infrastructure is in quite good shape - conversableeconomist.blogspot.com/2020/06/us-transportation-infrastructure-manage.html . If true, this looks like just another attempt by Trump to push more money into the stock market to buoy his reelection.

Mike Norman said...

Remains to be seen if Trump will get this. Or, if he really wants it. Meanwhile, pretty much same as Obama. Some temporary increased unemployment benefits and a one-time check of $1200 to some people. But, trillions to the banks.