This is the year for something bigger than the gym. Skip the crowds and bring home Peloton today.Is there a difference between President Barack Obama’s “stimulus” and President Donald Trump’s “infrastructure investment”? Despite costing $800 billion, most economists do not believe Obama’s “stimulus” program did much stimulating.
During the Great Depression, President Franklin Roosevelt’s secretary of Treasury wrote in his diary that the New Deal spending, designed to rescue the economy, was not working. Treasury Secretary Henry Morgenthau wrote: “We have tried spending money. We are spending more than we have ever spent before and it does not work. … I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. … I say after eight years of this Administration we have just as much unemployment as when we started and an enormous debt to boot!”
Trump, in announcing his upcoming plans for 2018, said: “Infrastructure is, by far, the easiest. People want it, Republicans and Democrats. We’re going to have tremendous Democrat support on infrastructure, as you know. I could’ve started with infrastructure. I actually wanted to save the easy one for the one down the road. We’ll be having that done pretty quickly.”