There's an AP news article out today http://tinyurl.com/yje9nlf that critiques the government's push to increase road and bridge building to combat the rampant unemployment we face today. The article states that there has been no discernible change in the unemployment rate in areas where these projects have started. I have always felt that the bulk of the money spent on these projects has been for equipment and materials and not labor. Getting these types of projects off the ground is truly like watching our government at work. It all moves at a snail's pace. Check out my blog of 05-11-09. I told you so!! The industry that needs the most help is anything related to wood construction. That whole industry is stagnating. It was a year ago today that my boss/company owner called me into his office and proceeded to cut my income by 50% and subsequently sold the company. He said he didn't want to lose any money :( A year later, I'm still here but not any busier. Every contractor and developer I talk to says that there is no financing available. Putting people back to work is the key to improving our economy. I think the whole "green" deal like solar panels and biofuels is great but most of the proposed projects are bogged down in red tape and, believe or not, waiting on financing approval!
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I don't understand the push to build more roads. Wouldn't it be more productive and useful all around to use the funds to improve school buildings, hire and train more social workers, and other things along those lines? Those things would have a more positive impact overall and would help more than just one part of the unemployed population.
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