Sunday, July 18, 2010

Wall Street Journal, Page 1: North Dakota Highways

Of all the states in the country to talk about road repair, it is interesting that it was North Dakota that was featured in this story about crisis in road maintenance. I can only assume the Wall Street Journal reporter was in North Dakota to cover other stories, perhaps the oil industry, eh?

If so, the reporter was in Jamestown, ND, nowhere near the oil activity so someone must have gotten lost. More likely they flew into Fargo and drove a rental car out west and got sidetracked by the big buffalo

Whatever.

It's too bad all of the 2009 $878 billion stimulus money didn't go toward highway and road maintenance around the country. Imagine all the jobs, and the flow of those dollars through the economy. The money would have paid workers, would have bought new machinery, and would have bought raw materials from suppliers in this country, not from overseas.

The dollars used to buy machinery would have gone to workers in the rust belt and stimulated that part of the economy. Certainly, the bill could have mandated that stimulus dollars be spent at heavy construction equipment factories actually physically situated in the US, regardless of ownership, foreign or domestic.

Those workers might have been able to keep up with their mortgages.

Whatever.

It's my myth that most of the stimulus money maintained overstaffed state government bureaucracies and agencies, and prolonged the inevitable (at some point the money would run out).  But everyone has his or her own myth with regard to the stimulus. As JRR Tolkien has said, we all have our myths, and once we have them, they are unlikely to change.

Regardless, North Dakota is again on the front page of the Wall Street Journal.

Kewl.

2 comments:

  1. I think that something like 8% 0f the porkulus/stimulus went to "hard infrastructure" type spending. Here in Minneapolis we have a separated storm sewer system (good) but much of the "storm" part is close to a century old and in desperate need of a rebuild to avoid catastrophic flooding (which would not affect my http://searshouse.com or my http://longfellow.org neighborhood.) Instead the city of Minneapolis blew the porkulus/stimulus money on every stalled, lefty and "green" project around.

    BTW: http://hotair.com is http://drudgereport.com link that just featured a http://shotinthedark.info story that went somewhat "viral" (on political funding). Shot in the dark recently had a "North Dakota night" at a Minneapolis bar story. http://www.shotinthedark.info/wp/?p=12027

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  2. Thank you for reminding me. Although I only mentioned highway construction in my post, I should have included "and other physical infrastructure projects like water and sewer."

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