Here's The Chart Of The US Infrastructure Spending Collapse That Everyone Is Talking About

[Festivito]

56. Thank you. Nicely said. And, I think I was wrong. Stimulus is there.

The stimulus was divided into several years. And, some of it would not be shown on this chart. Thus, it could be not higher than 300bn/yr.

But, I still do not like not showing the extra Clinton detail.

Bush was all about borrowing and spending. Borrowing includes borrowing by not upgrading. Spending includes not collecting from his rich buddies.

So, for eight years of Bush the chart can be skewed. And skewed even more if it included the difference between what was needed versus what was profitable for buddies.

Then our nation switches to pay for what is needed and the Federal will pay for what was the old responsibility of local governments. All the local governments' work done, they don't have to spend any more. They can coast.

Here's where the chart fails.

Was the Bush spending higher meaning such spending went up during Bush, thereby meaning that we did over-complete projects leaving us less to do.

Was it roughly the same during Bush meaning the drop could be due to a lack of pent demand.

Was the Bush spending lower meaning there was a pent demand for projects and we could be looking at a huge local-government problem across the country.

Yes, this would be the good time to put people to work. Republicans won't allow that and they hold the purse and they won't let go because they can obstruct good spending. If we don't inform the public of the difference missing in this chart, we lose another chance to lessen the power of the economically foolish Republican obstructionism.