4 ms·

People fail to realize that the California bullet-train project is primarily an economic stimulus exercise.

• jerf 13y ago
  No sale. Economic stimulus is completely nonfunctional when the lead time is in the "many years". The term "shovel-ready" was thrown around a couple of years ago for a reason. Of course, I suppose you could just hope that you start planning for the project in this downturn, but it'll only start in the next one....
  • stevewilhelm 13y ago
    Work in the Central Valley, the part of California that was hit the hardest by the recent economic downturn, is expected to start this year. [1] http://www.hsr.ca.gov/Programs/Statewide_Rail_Modernization/index.html http://www.hsr.ca.gov/Programs/Statewide_Rail_Modernization/...
    • jerf 13y ago
      For the economic downturn that happened five years ago. The fact that we still need "stimulus" is itself a pretty powerful argument against its effectiveness. Our new economic innovation, making sure the economy stays down as long as our incredible sluggishness in "stimulus".