Hacker News new | ask | show | jobs
by jerf 4672 days ago
No sale. Economic stimulus is completely nonfunctional when the lead time is in the "many years". The term "shovel-ready" was thrown around a couple of years ago for a reason.

Of course, I suppose you could just hope that you start planning for the project in this downturn, but it'll only start in the next one....
1 comments
stevewilhelm 4672 days ago
Work in the Central Valley, the part of California that was hit the hardest by the recent economic downturn, is expected to start this year.

[1] http://www.hsr.ca.gov/Programs/Statewide_Rail_Modernization/...

link
jerf 4672 days ago
For the economic downturn that happened five years ago. The fact that we still need "stimulus" is itself a pretty powerful argument against its effectiveness. Our new economic innovation, making sure the economy stays down as long as our incredible sluggishness in "stimulus".
link