How Highways And Buildings Might Save Us
The new administration is proposing a comprehensive infrastructure improvement project that will be the largest such effort of the federal government since the interstate highway system project of the 1950s. The initiative would require an investment of several hundred billion dollars and would seek to improve the crumbling American infrastructure including highways and roads, bridges, and government buildings. Under the plan, infrastructure improvements would be rendered, and government buildings would be renovated to become more energy efficient.
The hope is that in addition to making America more competitive and viable on the international stage, the project would employ millions of people, creating new jobs and pumping much-needed dollars and the American economy. The President-elect should be applauded for his initiative, and his forthright thinking, and what appears to be a demonstrated tendency to take action as opposed to simply talk about the problems. The big question however is will it work?
The answer is probably that it depends. In the month of November 2008, hundreds of thousands of jobs were lost as employers begin to prepare for the recession and the undoubtedly difficult economic times ahead. This comes on the heels of an employment rate which is the highest it's been in 14 years and seems to be going higher, now approaching 7%. If you're concerned about losing your job, or have already lost it, construction jobs working on highways, bridges, and buildings might well be your salvation. This of course assumes that you understand construction, or have worked in construction, and that you can afford to wait for the plan to take effect.
The unfortunate reality is that while commendable, the president-elect's plan may not be sufficient to save everybody. It also assumes that he is going to be able to get it passed through a Congress that traditionally and historically is very slow to move and approve this type of program. The bottom line is that if your job and your income are a consideration and a concern right now, you probably don't have time to wait for the president's new plan to kick in.
You should already have a sound and solid financial plan in place. You should be preparing for contingencies if you lose your job or your income, and you should also understand completely how to preserve your wealth and in fact create more wealth during the coming recession. If you don't have this knowledge and expertise, you should take immediate steps now to get a financial education that will enable you to cope with the coming bad times.
Buildings and bridges are a good idea, but whether they can save you and your family is really up to you.
The hope is that in addition to making America more competitive and viable on the international stage, the project would employ millions of people, creating new jobs and pumping much-needed dollars and the American economy. The President-elect should be applauded for his initiative, and his forthright thinking, and what appears to be a demonstrated tendency to take action as opposed to simply talk about the problems. The big question however is will it work?
The answer is probably that it depends. In the month of November 2008, hundreds of thousands of jobs were lost as employers begin to prepare for the recession and the undoubtedly difficult economic times ahead. This comes on the heels of an employment rate which is the highest it's been in 14 years and seems to be going higher, now approaching 7%. If you're concerned about losing your job, or have already lost it, construction jobs working on highways, bridges, and buildings might well be your salvation. This of course assumes that you understand construction, or have worked in construction, and that you can afford to wait for the plan to take effect.
The unfortunate reality is that while commendable, the president-elect's plan may not be sufficient to save everybody. It also assumes that he is going to be able to get it passed through a Congress that traditionally and historically is very slow to move and approve this type of program. The bottom line is that if your job and your income are a consideration and a concern right now, you probably don't have time to wait for the president's new plan to kick in.
You should already have a sound and solid financial plan in place. You should be preparing for contingencies if you lose your job or your income, and you should also understand completely how to preserve your wealth and in fact create more wealth during the coming recession. If you don't have this knowledge and expertise, you should take immediate steps now to get a financial education that will enable you to cope with the coming bad times.
Buildings and bridges are a good idea, but whether they can save you and your family is really up to you.
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