with 5% of the 800+B going towards actual infrastructure, the truth is revealed about promises made. The ones that matter are the long standing ones made to supporters early in the process, years ago, behind closed doors. Private promises made by public faces.
If you wanted a real stimulous for the economy you would remember that small businesses are the engines of job creation and that you have to try a lot of things in a low risk way. My sense of what is needed is a combination of:
(1) microloans made by community banks and credit unions to members of their opwn community who are willing to to risk their own efforts, time and equity on small businesses, as validated by the local community. That’s where real oversight comes from.
(2) fully funded, expert venture capitalists who would use their proven skills in finding excellent opportunities to fund slightly larger-in-scope ventures.
Now, like in all things, a lot of these would fail, BUT you would be rewarded entreprenurial behavior and actually risk making successes out of independent small businessmen. Therefore I conclude this will not become policy because clearly the current administration is all about wealth redistribution after government takes its cut first. We have vacuumed up all the loose cash for the next 20 years which might have actually fueled good startup business ideas and shipped it to people who’s ideas couldn’t attract enough money to get funded when private capital evaluated them. We have set the economy back at least 20 years with these actions.