Well, let's see. If the infrastructure money is spent, the local steel mill will call back laid off workers, so they will be able to take their families out to eat. The local construction companies will be able to bid on new jobs and hire their laid off workers back, the various associated companies that supply these companies will have more business, so they will be able to hire back employees. Concrete companies, paving contractors, plumbing contractors, electrical contractors, engineering firms, etc, etc... The trickle down effect will apply. That is just HERE in N. Ohio. By the end of summer I would expect to see things picking up.
Yes, yes, pork is good. After the concrete has been paved, the plumbing installed, the 800B spent and we have sparkling new government buildings, roads, bridges , and MORE housing units (yes part of the $800B is to build MORE housing units), then what ? The next building construction boom ? Only the disillusioned and misguided will think that.
HOUSING CONSTRUCTION is DEAD, the stimulus is prolonging the inevitable. The sooner the construction workers retarget their skills to another industry, the better.