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View Diary: Think Big: Transportation overhaul would save money, create jobs, cut pollution, burn less oil (167 comments)

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  •  Thanks for this! I was lying in bed... (1+ / 0-)
    Recommended by:
    Calamity Jean

    thinking about some of these issues last night. I was specifically thinking about how google decided to plow 100 Million into solar energy installation and how other large corps are sitting on some 1 trillion right now; that money's not moving; but, perhaps, with the right incentive, some of it could be freed up.

    For example if the US Gov came up with 50 B in matching funding (to be paid back through future revenues, if they are generated) to create a smart grid,  solar, wind, high speed rail, tidal/gulf stream, etc., green engineering, new light rail, etc., maybe they could convince very wealthy individuals and companies to create these new enterprises or, better yet, a consortium of wealthy individuals and companies to pool their money to start up some new companies dedicated to these areas.

    IN many countries, public-private partnerships have lead to very good transportation systems; Taiwan is a good example, despite the usual corruption and mismanagement one would expect. Its Taipei to Kaohsiung high speed rail system, about 10 miles shorter than NYC to DC, puts the latter route to shame, delivering passengers in 1:46 (about an hour faster than NYC to DC Acela express--- when it's actually on time, that is).

    •  Here's the whole problem (0+ / 0-)

      Government isn't going to get the "rich" entrepeneurs or wealth businesspeople or corporations or businesses to do ANYTHING.  Unless these people realize profits for what they do, nothin's gonna happen, y'all.  Get that through your head.  Government isn't going to "make" businesses hire people regardless WHAT they do.  Unless there's a good realization of profits, small/medium/large businesses aren't gonna hire people.  Government can't guarentee that...much as many people think they can.  

      The ONLY way people will be hired is through increased demand for goods and services withing the free market/private industry.  Otherwise, there's not gonna be a change in our unemployment rate.  1% here and there either way in the unemployment rate means squat.  

      If the U.S. government wants to get unemployment going down, they have to do ANYTHING and EVERYTHING they can to get private businesses to realize increased profits.

      Argue it all ya want with how the rich will get richer in this...but, it's just a fact.  

      Only other alternative is a huge government hiring plan for government jobs...and, where's that money coming from?  

      -- **Nothing sucks more than that moment during an argument when you realize you're wrong.**

      by r2did2 on Sun Jun 19, 2011 at 01:41:42 PM PDT

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      •  They're sitting on a freaking trillion (0+ / 0-)

        They have been making money hand over foot for two years now. Obama/Geitner & co. has been the greatest boon for big corps and for corporate profits in modern history, whether intended or not. They're loaded right now. It's really great be a large business. Just google some large Corps and look at their profits; start with oil companies but look at many other companies as well. They're making a ton of money.

        The fact is that when Google makes their 100M investment
        they certainly expect to make a profit. And well they should. There's good money in solar, wind, and rail.  

        The business people in Taiwan are starting to make a profit now on their HSR system 3 years after it was launched. They have a train every 15 minutes making the run, twice as many as we have on the NYC DC run. There are only 24 million in the whole country; we have more than that in the NYC to DC corridor.

        Business is wary of these green investments, but the fact is that all of these investments can generate profits for those businesses and simultaneously create jobs. If business believes that investing that trillion they're sitting on will make them money they'll do it in a flash. If the Gov makes it a lot easier to invest and they were sitting on the fence because of the risk, alone, then it makes it that much easier to get it. If they do get in the jobs created are not temporary; these are entire industries that will be ongoing concerns, not public works type jobs.

        I understand that businesses are rich because of their operations in other countries. I'm trying to think of better ways to encourage them to invest here and actually hire US workers. Telling General Electric they will pay LESS THAN NO TAXES won't make them invest more; they pay no taxes as it is. They will invest more here because their ROI is as high or higher here than it would be in a foreign country. Taking the risk out of the "startup" phases of that investment through a public-private partnership would make such investment more attractive to a company like GE or an oil company and it certainly would make it more feasible for a smaller company that wishes to expand its operations, branch out into smart-grid technology, etc.

        •  Reducing taxes on businesses (0+ / 0-)

          Isn't going to make them hire more employees.  Businesses hire more employees only if the demand for their produce/service increases.

          This whole discussion about taxes and jobs is ludicrous.

          There has be be something done to increase demand for consumer goods and services.  If that doesn't happen, jobs aren't going to increase.

          it's just a DUH issue.

          And, yes, I'm qualified to speak to this.

          -- **Nothing sucks more than that moment during an argument when you realize you're wrong.**

          by r2did2 on Sun Jun 19, 2011 at 04:41:47 PM PDT

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          •  I'm not talking about reducing taxes (1+ / 0-)
            Recommended by:
            Calamity Jean

            And I don't disagree with you. You can't increase consumer demand when consumers aren't in a position to demand anything. They have no money.

            Rich people with lots of money doesn't stimulate consumer demand for anything except maybe yachts.

            Finding ways to get large companies or wealthy individuals to invest in business that will create good jobs is what we need. I hope you can agree on that. And public-private partnerships have historically worked before in this country (especially in the 90s) and abroad. It's not a radical concept.

            Maybe my idea is a little radical in that it might involve a consortium of several companies and/or individuals but I think there are people who have billions who might wish to invest in a project which can make them both a hero and also make them much richer if it succeeds.

          •  Good public transportation IS (0+ / 0-)
            There has be be something done to increase demand for consumer goods and services.
            a "consumer service".  

            Renewable energy brings national security.      -6.25, -6.05

            by Calamity Jean on Mon Jun 20, 2011 at 11:57:26 AM PDT

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