Is Trump's Plan Shovel - Ready ???
Bloomberg Businessweek|March 6 - March 12 2017

The administration faces some of the same dilemmas that hampered the Obama stimulus. “I do not believe that there is huge opportunity to radically change the system”

Mark Niquette
Is Trump's Plan Shovel - Ready ???

A month before taking office in 2009, Barack Obama promised “a bold agenda” to create jobs rebuilding U.S. roads and bridges with “shovel-ready projects.” Almost two years later, Obama conceded what Donald Trump may yet learn: “There’s no such thing as shovel-ready projects.”

In a Feb. 28 speech to Congress, Trump said he wants legislation to support $1 trillion worth of investments rebuilding roads, bridges, tunnels, airports, and other crumbling infrastructure, putting millions of Americans to work in the process. But as Obama found out with the $787 billion federal stimulus bill, lining up environmental reviews, permits, and the other approvals required for a large-scale project can consume years—in some instances even decades. William Ibbs, a professor of construction management at the University of California at Berkeley and president of Ibbs Consulting Group, points out that it took 23 years to replace the San Francisco-Oakland Bay Bridge after it was damaged in the 1989 earthquake.

Big, transformative, economy boosting projects don’t happen just because they’ve received funding, says Sarah Kline, a fellow with the Bipartisan Policy Center, a Washington-based research group focused on infrastructure. “Those types of projects are not sort of hanging around just waiting for money to fall from the sky,” she says. “There needs to be a longer-term outlook this time around.”

هذه القصة مأخوذة من طبعة March 6 - March 12 2017 من Bloomberg Businessweek.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 6 - March 12 2017 من Bloomberg Businessweek.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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