A Quote by Barack Obama
We've got to make sure that we rebuild the infrastructure in America, because we used to be - have the best bridges, the best roads, the best airports. And now, when you go to China or you go to Europe, you see that they are outstripping us in terms of infrastructure. And if we put people back to work, that would be good not only in the short term, but it would also lay the foundation, the framework for long-term economic and job growth.
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We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.
One of the things I think we have to do is make sure that college is affordable for every young person in America. And I also think that we're going to have to rebuild our infrastructure, which is falling behind, our roads, our bridges, but also broadband lines that reach into rural communities. So there are some things that we've got to do structurally to make sure that we can compete in this global economy. We can't shortchange those things. We've got to eliminate programs that don't work, and we've got to make sure that the programs that we do have are more efficient and cost less.
The most important thing that a company can do in the midst of this economic turmoil is to not lose sight of the long-term perspective. Don't confuse the short-term crises with the long-term trends. Amidst all of these short-term change are some fundamental structural transformations happening in the economy, and the best way to stay in business is to not allow the short-term distractions to cause you to ignore what is happening in the long term.
We are going to rebuild our infrastructure. I would say at least double her numbers and - and you`re gonna really need more than that. We have bridges that are falling down. People,investors, people would put money into the fund. The citizens would put money into the fund, and we will rebuild our infrastructure with that fund.
In the short term, it absolutely feels devastating to break a bond of friendship. In the long term, it is the best possible thing. You're actually doing something noble and good if you do it in the right way. You can leave them with, "I wish you the best, but I have to take care of myself." Or you don't have to wish them the best. It's okay if you don't. Maybe they don't deserve the best. That's not up to you to decide. You not wishing someone the best is not going to make anyone's life not the best.
Investment in infrastructure is a long term requirement for growth and a long term factor that will make growth sustainable.
In the short term, it would make me happy to go play outside. In the long term, it would make me happier to do well at school and become successful. But in the VERY long term, I know which will make better memories.
We think that`s necessary just as a foundation for economic growth. It`s not the jobs in and of themselves, which you do make by building bridges and things like this, but it`s the economic growth that comes from having a modern infrastructure that is in dire need of repair.
Every time I would arrive in China I would go through a few days of depression from being reminded of both short-term and long-term ruin; the ruining of the city that is happening in the short-term, and the ruining of culture and history that has happened over decades. When you see a building that says so much about the culture that built it being destroyed, there are a lot of emotions. You feel a lot of anger when you see a building being destroyed and realize that it's just a small part of what's going on in the entire country.
I`d say is stimulus infrastructure spending is not instant jobs. I think the real reason the president [Donald Trump] wants to do this is because we have a crumbling infrastructure problem and you need a good modern infrastructure for economic growth to occur.
Growth works. What we're doing in the administration to spur growth in terms of regulatory form work. And what we're working is to make sure that those tax cuts add to that. We do believe that sustained 3 percent economic growth is possible and that that is the way you can balance the budget long-term.
Yes, we need a substantial investment in our hard infrastructure like roads and bridges. But roads and bridges can't serve people if they don't have the child care they need in order to go to work or the health care they need to stay healthy and participate in the workforce.
Unless you invest in people, you are not going to see growth in the long term, the medium term, and maybe even the short term.
The arguments of waste are heavily overdone, because what you do is to accelerate the infrastructure that you have to build anyway, like airports and roads, and in this case it happens much faster. So speaking of a roadmap, without being specific, I would still go for Asia, Latin America, Africa and the Middle East - that's what our clients are really interested in.
I think also people in states like Pennsylvania know that a lot of money and effort and time needs to be spent on knitting America back together, on the bridges and the roads and the infrastructure and the education.
In the short term, it would not have made it possible to resume relations, because in the Chinese mind, the humiliation of China started with the annexation of Taiwan by Japan. If the United States had suddenly declared Taiwan as a separate state - for which we would have had no support among other nations - the consequences would have been giving up our relationship with China and committing ourselves to a long-term conflict with China.
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