Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Trump Touts Infrastructure as Phase 4 Stimulus

EconomyMar 31, 2020 11:07AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Kim Khan

Investing.com - Echoing New Deal public works policies, President Donald Trump said Tuesday that the country should embark on a $2 trillion infrastructure program that would also create jobs.

The move would be the next phase in combatting the economic impact of the Covid-19 pandemic, following fiscal and monetary stimulus measures.

“With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill,” Trump tweeted.

“It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4,” he added.

Trump has touted infrastructure rebuilding throughout his term, but the idea has never gained traction nor resulted in any details.

Federally-funded projects, such as those run by the Tennessee Valley Authority, were a hallmark of President Franklin Roosevelt’s New Deal program during the Great Depression, which provided government-paid jobs for economic development projects.

Trump Touts Infrastructure as Phase 4 Stimulus
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (7)
Ryan Tremblay
Ryan Tremblay Mar 31, 2020 1:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Another example of how Trump does not understand government. This would not be a stimulus. It would be an economic recovery plan that would not start getting money into job creation for 2 years.You cant throw money into infrastructure and get immediate results like flooding the market with liquidity. It takes municipalities and governments over a year to decide what infrastructure projects they would do. Then to plan the restoration or construction, get bids from contractors, and start actual work takes at least another year. Maybe he should just start a war with his 2 trillion LOL. That will get money moving fast.
Chris Martin
Chris Martin Mar 31, 2020 1:24PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Ryan, brilliant.You should run for prez. cuz with credentials tou offer, we could go places.Look, I may have taken as many economics courses, or more then you -
Thom Miller
Thom Miller Mar 31, 2020 12:46PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Yet another Trump “Puff Piece” to deepen the deficit even further. Besides, Republicans absolutely hate FDR for the WPA, etc. So simply by mentioning this idea to put people to work will cause his base to stop supporting him. Or is hypocrisy alive and well within the Republican party? We’ll soon see....
Chris Martin
Chris Martin Mar 31, 2020 12:46PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Hey THOM, got it right this time...I was just watching Dion Lemon - head on Cnn. Reminded me of you. You still puffin'? Don't bre such an ol ****Don't forget to donate to CCPs WHO organization. They needed more money-
Tre Hsi
Tre Hsi Mar 31, 2020 12:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
"Trump has touted infrastructure rebuilding throughout his term, but the idea has never gained traction nor resulted in any details." ----- all boasting but no details or follow though, I expect nothing less (or more) from The Donald
Chris Martin
Chris Martin Mar 31, 2020 12:16PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Tracy, give it a rest-he's done moe for you then you'd ever admit -
Midway Eholdings
Midway Eholdings Mar 31, 2020 12:04PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
By all means do this. What does a few T mean at this point?
Tim ZZ
Tim ZZ Mar 31, 2020 11:59AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I guess go big or go home LOL Fiat 4life
Chris Martin
Chris Martin Mar 31, 2020 11:59AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Fiat? high quality, right?
Darios Nasrolahi
Darios Nasrolahi Mar 31, 2020 11:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
When nobody can go out, how you have to invest? He is scare when the stock market go down and he doesn't care about people life. Now 3 mil lost the job and it will be more and more . use this money to take care of many small business which soon go to bankurty.
Jim Powers
Jim Powers Mar 31, 2020 11:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
walk into a bank and ask for an "SBA" loan. Small Business Administration. .. parts of which may Not need to pay back and stop your whining we are all in the same boat
David David
David9 Mar 31, 2020 11:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I am starting to think printing money does work after... instead of $2T, can we add $5T and give everyone more money to spend and invest in the stock market?
Rodolfo Barraco
Rodolfo Barraco Mar 31, 2020 11:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
And the buble grows again...
Dan Murphy
Dan Murphy Mar 31, 2020 11:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
and soon we won't need to locateToilet paper, we can just use our monopoly money instead.
Bowen Li
Bowen Li Mar 31, 2020 11:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Dan Murphy haha, hard toilet paper
James Holmgren
James Holmgren Mar 31, 2020 11:38AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
After the dollar flood ends bitcoin will rule. In 5 years at best
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email