China builds railroads to fight recession..we build..? Forbes

[Tierra_y_Libertad]

Let's see. China sells cheap goods that are in demand around the world, and spend the proceeds on expanding their markets. About, the only thing we sell is weapons, and spend the proceeds on golden parachutes.

"The Capitalists will sell us the rope with which we will hang them." V.I. Lenin

http://www.forbes.com/afxnewslimited/feeds/afx/2008/10/18/afx5572087.html

China puts railways at heart of stimulus plan

BEIJING, Oct 18 (Reuters) - China is preparing steps to boost domestic demand, including more spending on railways, to help cushion the impact of the global credit crisis, a senior official said on Saturday.

The package of measures will be finalised at next month's Central Economic Work Conference, at which top policy makers will chart policy for 2009, Zheng Xinli, vice-head of the ruling Communist Party's Policy Research Office, said.

Policy makers were concentrating instead on stepping up investment in industrial projects and infrastructure, particularly railways, and at relaxing curbs on the property sector.

Still, Zheng said the government had been pleasantly surprised so far that exports had not taken a bigger hit from the global crisis. Annual export growth picked up to 21.5 percent in September from 21.1 percent in August. 'It seems our original estimate was a little pessimistic. The result turned out to be much better than we expected,' he said.

Zheng surmised that demand was holding up well because China mainly shipped everyday consumer goods that were keenly priced, not higher-end discretionary items.

[Initech]

1. This is our financial plan:

Step 1 - Spend $70 billion we dont have to bail out companies that got too damn big for thier own good

Step 2 - ????

Step 3 - Profit

Damn you Underpants Gnomes!!!! Damn you to hell!!!!

[Leopolds Ghost]

2. Didn't you hear? Mass transit is off the table.

According to our "allies" in the elected caucus.

[Selatius]

3. FDR started the WPA to try to put people back to work. We need to do something similar.

We could put untold numbers of workers back to work constructing a nationwide bullet train network. Then, we connect this network to cities and towns using light rail/mass transit buses.

We could put even more workers back to work by establishing a manufacturing base to turn out solar panels and wind turbines and research on ways to improve energy efficiency everywhere.

Even more could be put back to work rebuilding the devastated gulf coast regions that saw storms like Katrina, Rita, Gustav, etc. New, state-of-the-art levees could be constructed and cities rebuilt that also take into account the bullet train network that would be in the process of construction as well.

The country would look different in a few years.