General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDamned Lies
America is a nation of builders. We built the Empire State Building in just one year. Isnt it a disgrace that it can now take ten years just to get a minor permit approved for the building of a simple road?
-- US President Donald J. Trump, State of the Union speech, 1/30/2018
What does that mean?
No. Im serious. What does that mean?
snip
This is not a rhetorical question. Trump routinely makes statements of fact, that upon examination are anything but. This was supposed to be a Constitutionally mandated report on the state of the union, a summary of fact. So, whos doing the building? When he says, a nation of builders, what exactly is he talking about? Public projects funded by the government? Commercial construction financed by business and industry? Private homes? What? I mean, theres a big damned difference indeed between the new 400 million dollar Pensacola Bay Bridge currently being built between Pensacola and Gulf Breeze by the State of Florida and the new Trump Hotel currently building in Cleveland, Mississippi, under Trumps Scion brand managed by Eric and Donald Trump Jr.
Thats the very crux of this part: We built the Empire State Building in just one year.
We?
We who?
snip
The Empire State Building was constructed beginning in 1930 by a group of wealthy investors, known as Empire State Inc. These people were accountable only to themselves and their investors. They intended to build a building on a two-acre plot in Manhattan, a city made of buildings and an area specifically zoned for buildings. Unsurprisingly, there was little resistance from the city or much need for public input. And in fact, the city and the public, in the grip of the Great Depression, were quite enthusiastic about building a big building on a site zoned for buildings in a city full of buildings using private money. So it didnt take very long to get the permits needed to begin construction.
Now, compare that to similar public works of that time.
Public works such as the Hoover Dam. Construction of the dam began in 1931, but it took more than 30 years of speculation, design, review, regulation, planning, public meetings, litigation, acquisition of land via purchase and Eminent Domain, and legislation to get there. Construction would create thousands of jobs, but if the dam failed, hundreds of thousands of lives would be at risk. Billions of taxpayer dollars would be lost. Environmental damage would be catastrophic and would likely alter the very geography of the region permanently. The dam would change the political balance of the Southwest and determine both electrical power and water rights (and thus everything else from industrialization to agriculture to raising up entire cities to things as prosaic as golf courses) for the next thousand years. In the face of that, 30 years of development doesnt seem all that unreasonable.
The Hoover Dam went into operation in 1936. That same year, the Empire State Building was losing more than $1 million dollars per year and there was no public elevator service above the 45th floor because the building was empty between the 41st floor and 81st. As a matter of fact, the Empire State Building didnt even start to break even, profit wise, until the mid-1950s. And thats fine, when its private investor money theyre losing. Its a whole different ballgame when its a public facility funded by tax dollars.
Read More: http://www.stonekettle.com/2018/02/damned-lies.html
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If you read the rest you will see that a hurried project that is unstudied with out a clear view of the demands not just today but 50 years in the future...will fail catastrophically. When Don farms out the bids to his 1% buddies that will make buckets of money on purchasing low quality materials with the planning going to highly unqualified "experts. It is a recipe for disaster.
Good read, you should take a few minutes to read.
Hortensis
(58,785 posts)the venal special interests pushing his buttons until he speaks are, of course, neither.
Deregulated bridge construction. What a...profitable idea.
sheshe2
(83,933 posts)not the investors that are pushing his buttons daily. The button on the keyboard that they and trump worship is $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
It is all about them, always has been.
They cheer Deregulation...I hope they are there when said catastrophe happens. I hope they are right there in the middle of it. Cruel I know, yet I want them to reap what they wish to bestow on us.
Hortensis
(58,785 posts)to be visited right back on those who so deserve it? If cruel thoughts were real, they'd all be in prison. I don't want them dead. I want them in cells at $80.00 maintenance per day, which is low end today so far more than they want for others.
So much for that fantasy.
ooky
(8,930 posts)Me.
(35,454 posts)'cause he knows nothing
sheshe2
(83,933 posts)raccoon
(31,126 posts)Hermit-The-Prog
(33,449 posts)See, e.g., children chained to machines, coal mines, Triangle fire of 1911, the Great Depression, the Great Recession, and on and on.
The interests of business and the interests of government (i.e., society) are not one and the same.
mcar
(42,376 posts)malthaussen
(17,217 posts)He has an orderly and relentless mind. We could use a few like him on the national stage.
He also has a wonderful way of challenging throw-away statements and asking "what the hell does that even mean?" Personally, I love reading someone who has the same "confusions" I do when somebody says something absolutely stupid.
-- Mal
sheshe2
(83,933 posts)He knows his stuff, Mal.
malthaussen
(17,217 posts)... you quickly understand that he didn't spend 20-odd years in the business twiddling his thumbs. Since few people these days have experience in the military or intelligence fields, he clarifies a lot of questions that are opaque to his readers.
Of course, there's a price to all this: his discourse is always TL;DR.
-- Mal
sheshe2
(83,933 posts)Thanks for the tip.
malthaussen
(17,217 posts)The man can tell a good story.
-- Mal
sheshe2
(83,933 posts)bucolic_frolic
(43,319 posts)It made every investment project, no matter how insane, look profitable as far as the eye could see.
We now own that distortion in the form of overcapacity in many, many things.
It's going to be quite a shakeout.