Biotech Values

[jbog]

Dew,,

From the Cat Report:

• The United States was the first to enter recession and should be the first developed country to recover, probably late this year. The US stimulus package increases funding for infrastructure, but we think the impact on total construction spending will be fairly limited.Up to $70 billion could be disbursed in 2009 and that would represent about 6.5 percent of last year's total construction spending. We do not expect this increase to offset steep declines in private construction spending. The infrastructure portion of the stimulus package was disappointing in that it was less aggressive than other countries and missed an opportunity to correct past underinvestment in U.S. infrastructure. For example, China, with an economy one-third the size of the United States, is allocating over three times as much for infrastructure.


It makes me wonder if the total stimulus plan will be just a waste of money. It certainly will not have the "stimulus" impact as much as an "tempering" effect.