Trump Touts Infrastructure as Phase 4 Stimulus
Investing.com
Published Mar 31, 2020 11:04AM ET
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.
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Written By: Investing.com
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