Should the economic stimulus package fund ‘smart’ technology investments?

Of course. We need spending to stimulate jobs and production. Why wouldn’t we spend on items that are a good investment in the future of our country’s infrastructure? Is this a trick question?

Government has no Constitutional authority to do so. Government caused the problem; it cannot correct the problem except to stop causing it. Instead of government spending the money, it is always better for those who earned the money to spend it. And, in this case, it is not even a question of spending money acquired through taxation. The government is spending money created out of thin air. It is all unconstitutional and immoral.

Although it is a good idea in the long run I think it will hurt in the short term. The economy is in such trouble that this is one case where we can’t afford to have “short term pain for long term gain”

Unfortunately in order to lessen the short term pain we may have to support buggy whip industries such as the NA automakers. They have the infrastructure to employ people now. There is little if any current infrastructure to implement IBM’s idea and we can’t afford to wait for that infrastructure to be developed.

Let’s see SMART or Not So SMART Technology. Duh…Smart sounds a whole lot better. For one thing, we will be employing people to keep the SMART Technology working along side those who work the shovel. That to me is creating more jobs. On another note, I have to agree with Nick. I believe the Government is the problem here and will not be the solution. Too much regulation or in the banking industries case, lack of any regulation, has caused this mess. DO AWAY WITH PERSONAL INCOME TAXES. Let the working people keep all of their income to spend and tax on consumption. The government will make far more money that way, plus it will cause the economy to grow through spending. WOW!!! What a concept! Remember, there was no Personal Income Tax for many years after our country began. It ran well then, it can run that well today.

There is no reason why “smart” technology cannot be integrated into the “shovel-ready” projects. If we would of been doing that from the beginning we wouldn’t be having bridge collapses nor cars driving into sink holes, etcetera.

We have the “smart” technology, yet we are not “smart” enough to use it. We are turning into a society divided into technocrats and service people. Let us not forget that one cannot survive without the other. Morlocks and Eloi. Except that one has the technology and doesn’t want to use it unless it benefits itself, the other doesn’t have the technology and even when it does, its afraid to use it.

It boils down to cost. If the total sum of all costs of a ’smart’ system is less than the total sum of all costs of a ‘dumb’ system, then the smart one is better. Total sum of costs should include disasters and the high cost of ‘letting things go’ as opposed to minimizing upkeep costs by careful monitoring. If, on the other hand, this is going to lead to new and creative pork barrelling, what’s so smart about that? One thing’s for sure, we need infrastructure.

I HOPE it does. I thought the idea of the ESP was to fix everything.

I really HOPE (it) can fix me a pork sandwich for lunch. I’m hungry.

O course government should fund “smart” infrastructure. However before we build out “smart” infrastructure we need to rebuild some of our aging infrastructure, our bridges and roads, our water mains that keep breaking.
More and faster Internet connections will also put people to work but many of those jobs will be lower paid service sector jobs.

Government spending causes concentrated economic activity unlike personal spending, or tax cuts. This is what we need at this point. The infra-structure effort should target everyone involved, from design engineers, construction crews, to people who will instrument and monitor the “smart” monitors. You just get an idea of the number of people who will be employed in infra-structure by simply listing them! It’s time for SMart in the age of the Wal Mart.

Part of it to fund SMART technologies, of course. But, money still MUST be put into maintaining and supporting current infrastructure till rliable replacement is available. Not maintaining current infrastructure while developing replacement sounds like the old MBA/Senior Executive game of “Deferred Maintenance”. That’s one of those things that falls into the category of “Those who fail to learn from the mistakes of history are doomed to repeat them.”
How much has deferring replacement of deteriorated rail cost railroads, compared to the cost of replacement? Things like multi car spills, loads lost and undelierable to customers, cost of evacuations because of toxic leaks, things like that. How much would proper closing and repair of that (in)famous bridge have cost compared to what the costs from its collapse are costing, and have in fact cost?
And corporations need to do more spending on product and technology from their own income instead of wasting huge amounts on executive bonuses.

NO! Why? Because the entire stimulus package is total garbage. It needs to be completely redone from the ground up. Why? Well, do you have a loved one who is over 60, or are you over 60, yourself. I just picked that age as an example. That age could just as well be 50 or 40. Again, why, you may ask? This is the why. The following is a message I just sent to Gabrielle Giffords, 8th district, Arizona. My code of Honor will NOT allow me to call her a “representative.” (Gabrielle Giffords) We have a very big problem. Are you going to tell me you DID NOT KNOW the following was in the stimulus package???——”The bill calls for all medical treatments to be tracked electronically by a new federal bureaucracy known as the National Coordinator of Health Information Technology, which will monitor treatments to make sure your doctor is administering what the federal government considers appropriate and cost effective health care. The goal is to reduce costs and guide your doctor’s decisions. Hospitals and doctors that are not ‘meaningful users’ of the new system will face penalties. Meaningful user is not defined in the bill. That will be left to the HHS secretary, who will be empowered to impose more stringent measures of meaningful use over time. Health care reform will not be pain free. Seniors should be more accepting of the conditions that come with age instead of treating them. And you thought the government wouldn’t ration your health care.”——IS THAT SO. You mean you voted for a bill that contained GARBAGE like this. YOU ARE SAYING THAT IF AN OLDER PERSON IS NOT WORTH ANYTHING, LET THEM DIE ALONE IN THE DARK. WHAT ROCK DID YOU CRAWL OUT FROM UNDER??? I will sell EVERYTHING I own to RECALL you from Congress and make sure you can NEVER run for public office, ever again!

Ouch! Milt seems a little frustrated! And Nick is right, except the Federal Reserve really isn’t a government entity.
Now that we know this economic mess was caused by a huge run on the financial system can we imagine that throwing money at it will help? The world’s monetary system is a house of cards waiting to be toppled by the rich and powerful. Was it China? Russia? If I were to guess I’d look a couple kilometers west of Rome!

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