[quote=Hobie][quote=EconProf]The government is in a quandry: they need construction to build more residential and commercial buildings in order for the economy to revive. Yet the solution to the real estate glut of all categories is to NOT build for several years, allowing demand to sop up the accumulated surplus.
We are in the morning after/hangover stage, which must last a while longer.[/quote]
Agreed. A certain portion of our economy is tied to the building industry but we could achieve growth with a thriving manufacturing base. This would require a more practical look at environmental and energy policies.[/quote]
Sounds nice, but you have to convince a bunch of Americans to take sweatshop jobs that pay less than their unemployment benefits. It’s a tough sell.
