Quote:
Originally Posted by floridasandy
|
It's still vague, but I don't have time to read the whole report.
Of course, subsidies for immediate needs will comprise a significant proportion.
Probably the largest chunk will go to pork-barrel spending, including the usual graft. Some of that will prove to be useful even in the long-term, some won't.
Probably a lesser proportion will go to affecting structural changes in energy, transportation and zoning, and whose long-term effects are uncertain.
Not perfect, but better than nothing.
I would measure success by the following equation:
production - consumption = saving + investment
If policymakers can shift the 'C' in the GDP equation back down to around 64%, around 62% would be even better, and get 'I' back up to around 20%-22%, it would be no small achievement.
But I just don't have confidence that there is the discipline or the political will to achieve that right now. I hope I am wrong.
Good luck!