Friday, 4 July 2014
The arseholes who rule the USA.
This is a chart showing public spending on construction in the US. (Hat tip to Paul Krugman). As you’ll see, as soon as the crisis hit, that form of spending began to decline.
Now if there’s one thing you need to do when a recession hits, it’s to MAINTAIN such spending and perhaps even increase it a bit.
But clearly the tossers and arseholes in Washinton DC have other ideas.
As to whether the tossers and arseholes in other capital cities round the world are any better or worse, I’m not sure as I don’t have equivalent charts for other countries readily to hand. Apologies for that omission.
PS (8th July 2014). This problem may get worse in the near future. I.e. highway and bridge repair and construction may start to grind to a halt. See here.