by ReverseEngineer » Mon 08 Dec 2008, 10:57:57
$this->bbcode_second_pass_quote('IgnoranceIsBliss', 'R')egarding "make work" projects:
Who is going to run the projects? (general contractors and such) These companies are all out of business. Who is going to underwrite their liability insurance and workers' comp insurance?
How are workers going to get to the project areas? Commute hours every day? Live on site? What about their kids and families?
Will we even be able to get parts and supplies from China? (like new HVAC units for buildings/ schools)
These are just a few issues that I can think of right off the bat. My parents owned a construction company for 30+ years and I know a bit about how things work. If payments aren't received quickly (from the feds once this thing gets running), that will also put companies out of business.
Of course, we are all betting the ranch on the fact that someone is going to be willing to lend us billions of dollars to pay for this great new initiative. I think we will soon see that this is wishful thinking.
Well, I am not saying this is going to WORK, but I can write the scenario for it
Since the housing construction industry is one of the hardest hit right now, the MINUTE the new WPA is open for business, General Contractors will be lined up around the block touting their experience. Jobs will be handed out through political patronage, as always. Liability Insurance will be handled by AIG of course

Helicopter Ben will sprinkle out the freshly printed greenbacks like the Money Fairy on Steroids. The Chinese will happily put their factories back to work, relieving them of unrest and unemployment also, and they will loan us all the parts they send over to build Windmills with. This also wil restart the Shipping Industry, with Letters of Credit handed out by the Fed.
By Priming the Pump this way, American Capitalism will be REBORN! In no time at all, we will be selling the megawatts of power generated by the new Windmills BACK to the Chinese in the form of Hydrogen Fuel Cells which will power their new Green Factories. Future generations of American Children will never have to work again as a result of the foresight and sacrifice of this generation of hard working Americans.
And they All Lived Happily Ever After.
Reverse Engineer