Page 147 - Infrastructure Program News Today

What he is doing is setting up a massive stimulous that will create the appearance that he has come through on his major campaign promises. the democrats favored infrastructure. they have opposed it on fiscal grounds. i believe the republicans will fold on that issue and there will be a major infrastructure program. they all want massive defense spending. they all want massive tax cuts. the combination will provide a substantial joke and threaten the economy down the road with inflation and pass...

Fold on that issue and there will be a major infrastructure program. they all want massive defense spending. they all want massive tax cuts. the combination will provide a substantial joke and threaten the economy down the road with inflation and passive deficits. it will produce a jobs effect. i think democrats ought to move in that area to support the infrastructure program. they have been moderate to the extent they can to see to it they are not just massive reductions to the highest income l...

Priority number one is jobs. hes presented a major infrastructure program. will that create jobs? >> yes, if you spend a trillion on our roads, bridges, high speed rail services. absolutely. a president obama did something similar in his first two years in office. an 800 billion dollar stimulus program. supposedly that created a number of jobs as well. it will create jobs, in that sense thats great. those long lasting jobs, high paying jobs, jobs that they can count on for more than just the bui...

President-elect trump has an economic plan to create jobs. will it work and will congress give him the money for the programs he wants? here to discuss william cohen, contributing editor to ""vanity fair"." and grover nordquist, "americans for tax reform." william, priority number one is jobs. president-elect trump has proposed a major infrastructure program. will that create jobs? >> yes, sure. i mean if you spend a trillan dollars on the nations infrastructure, our roads, bridges, high speed r...

The hard part is how does that actually create jobs? its not clear how hes going to do that. his trade policies are supposed to create new incentives for companies to build more manufacturing facilities here in the united states. but its not clear that his incentives will work. its also not clear if those will end up doing more harm than good. we dont know if hes going to do what he said. finally, the big infrastructure program we have been hearing about, thats probably the most direct way that ...

>> he is open to tax reform on the statements so far. his initial numbers dont seem to skew towards the lower or the middle income group, and where is there some places for the democrats and the president-elect trump can come together. >> well, the first is the repatriation of the corporate cash held overseas, and the congressional budget office has scored and calculated that this would be a huge revenue generator for the u.s. economy and the u.s. government. you bring in the funds at a lower ta...

Once trump won that uncertainty disappeared and that helped to boost markets. theres another thing going on is a bit more nuance, the markets think donald trump will infuse stimulation, and historically markets like that thing and its a sugar high at least in the near term. >> that was my next question. this is great for our 401(k)s, but will it last? >> nobody can tell you what is going to happen to the market one day out much less one week out. no, this is not the sort of thing you would want ...

Saying he wouldnt, but then ultimately endorsing him. you wonder what happens to paul ryan and the whole class of folks who thought they were going to be the future of the republican party. >> thats the thing. this was an incredible uprising by in particular one segment of the population. hillary clintons vote among noncollege whites compared to obama, down 13 in michigan. 10 in wisconsin. 12 in new hampshire. six in florida. five in ohio. nationally only 22 %. bigger margin among noncollege whi...

Budget and administrations initial proposals to find areas where there can be common ground. there are many. an infrastructure program and they say they wanted it. lets try to do it. returning and repatriating money from overseas and using that and both parties say they want to do it. lets give them the chance to do it. thirdly, do something in terms of a proposal about this horrific campaign spending problem that we have in our country. one of the reasons both mr. trump and senator sanders did ...

So we have to be smart. i think hillary is for smart trade deals. >> that doesnt say whether she is a free trader or a protectionist. which is he? which do you like? >> usually these things arent black and white. youre a free trader if the deal is smart. youre against trade if the deals are not smart. >> meg whitman work all due respect. you have to be for tpp or against it. are you for tpp? >> i am for tpp. yes, i am. >> where is hillary on tpp? >> so she is against it. and not that i agree wit...