re: "This morning I heard the administration is going to beef up the trains in the northeast, this will create jobs & help the economy."
I'm unfamiliar with this. Do you mean that it will beef up train SECURITY? Because I know the intelligence gathered from the al Qaeda raid indicated that trains were primary targets.
Upping Security might create jobs, but it doesn't actually produce anything. I don't think government-created service jobs are helpful to the economy. The money being paid has to come from somewhere, after all, and since nothing gets created with it, spending the money is essentially a waste.
If Obama is actually talking about building up the train infrastructure in the Northeast, he's probably been prodded to do so by Biden who constantly rides the train between D.C. and Delaware. I don't know if that is a very good investment, it sounds self-serving. Let the train companies beef up the trains themselves! And it will probably just be another big-spending boondoggle.
What we can be CERTAIN of is that the benefits of such a project won't be seen in the next 18 months. Therefore, it won't help the economy in time for the 2012 election, though I imagine it will garner Obama a lot of Union money.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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