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Trump Touts Infrastructure as Phase 4 Stimulus

Published 03/31/2020, 11:04 AM
Updated 03/31/2020, 11:07 AM
© 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.

Latest comments

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.
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 -
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....
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-
"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
Tracy, give it a rest-he's done moe for you then you'd ever admit -
By all means do this. What does a few T mean at this point?
I guess go big or go home LOL Fiat 4life
Fiat? high quality, right?
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.
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
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?
and soon we won't need to locateToilet paper, we can just use our monopoly money instead.
haha, hard toilet paper
After the dollar flood ends bitcoin will rule. In 5 years at best
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