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The Unintended Consequences Of Government Programs

The administration is now wanting to roll out another of its supposed jobs programs using infrastructure as the excuse. The latest $50 billion payoff to unions and government employees is not only not going to provide any jobs in the short run, but it will just add to the deficit. More importantly it will hurt commercial real estate development. The $50 billion is available inside the existing so called stimulus bill by just moving out some of the waste that was nothing more than pork used by Pelosi to reward Congressmen who voted for healthcare and other of her pet programs. There is way more than $50 billion of unspent funds allocated to those things. Second, the original stimulus was billed as shovel ready programs. Of course they were not shovel ready, but if the statement by Obama and Pelosi were true then there would be another $50 billion of “shovel ready” projects just awaiting funding.

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