The Obama Administration and the new Congress will be implementing economic stimulus and recovery programs in the amount of ~700 Billion dollars. These programs will fund green energy projects, public transportation projects, infrastructure projects, and school building and rehabilitation projects.
These projects will create approximately three million jobs in our industrialized areas and draw workers to the urban industrialized areas to fill these jobs at the companies with the winning bids on these government contracts.
These projects will:
- Reduce our dependence on foreign oil, lower our carbon footprint, and improve the quality of our environment.
- Build new and rehabilitate exisitng public transportation,
- Build new and rehabilitate exisitng highways, bridges, and roads,
- Build new and rehabilitate existing public water and sewer systems, and
- Build new and rehabilitate existing schools.
The industrialized areas that receive the bulk of these jobs will draw three million workers from source areas where there are no jobs. This migration will create a new demand for housing in these urban industrialized areas. It will simultaneously create a surplus of housing and a reduced demand for housing in the source areas left by workers and their families.
This is usually described after the fact as an unintended consequence. Hopefully, the people in charge will consider the impact of the migration of three million workerss and their families and then make the appropriate adjustments to distribute the contracts in a manner that minimized the migration and the impact a migration of this magnitude will have on the economies of the source areas vacated by these workers.
The recovery programs could be a boom for the industrialized urban areas and an economic disaster for the source areas to the level of a recession that shuts down source area businesses and closes schools that have dropped below minimum student enrollment levels.
George- You have a lot of confidence in the government. I will reserve my judgment until I see how much I have to pay out of my pocket to make this happen. :) Katerina