Nobody can deny that the recession has started take its toll on Denver. With the recent trouble for media outlets The Rocky Mountain News and KWGN, coupled with local businesses slashing their workforces; it’s clear Denver has not been immune to the worldwide financial crisis.
So, you may be asking yourself, what does Denver’s government have planned to aid the struggling economy?
John Hickenlooper to the rescue, as The Denver Post reports:
Denver Mayor John Hickenlooper said Thursday that the city will speed up planning and construction of hundreds of voter-approved projects in order to quickly pump money into the struggling economy.
Hickenlooper said the city will complete the more than 200 projects that were approved last year as part of the “Better Denver” bond issues in four years instead of five, as originally planned…
…Doing the projects over a shorter time span could also save the taxpayers money on construction costs, he said [Elliot emphasis].
Yes, you read that right, not only will this plan put hundreds of millions of dollars–money that the taxpayers have already approved–into the local economy, but it could actually be saving us money.
With this common sense approach to fiscal issues, the Mayor is offering the kind of leadership that other politicians have failed to provide. We can only hope that other politicians in this state will follow Hickenlooper’s example; and considering the importance of the upcoming legislative session, we can’t afford for them not to.
(Cross-posted at Denver Pols)
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Why weren’t they already doing it faster?
My point really was that Hick is showing leadership, whereas other unnamed executives are not.
Ritter’s response was to stop all possible work. Granted he may not have a choice but there is definitely a very different emotional impact the two approaches have.
Mayors, county commissioners and state legislators who are pretending they can goose the economy are only exploiting the suffering of the unemployed to advance their personal political fortunes.
Government spending doesn’t create permanent jobs. It takes taxpayers’ money that could be better spent on consumer goods and invested in businesses and wastes it on pork projects.
Face the facts. The housing slump will last another 4 or 5 years. The stock market is in the tank for the next three to five years with a couple of dead cat bounces to keep us awake.
What local politicians should do is cut budgets, balance budgets and work with charities to provide safety nets for the impoverished.
Hick isn’t providing leadership. He’s acting like he’s running an empty bar or something.
…on useless things like roads, schools, police, & fire departments. Why can’t people see that we would be much better off if we eliminated taxes and ran things like Somalia.
The more projects, the more campaign contributions.
Which will goose the economy the most?
Hmmmmmmm…..
OF COURSE GOVERNMENT SPENDING CREATES JOBS, AND SOME OF THEM ARE PERMANENT! Doesn’t your type often bitch about “permanent” gummint employees?
Monies put into infrastructure is truly an investment because businesses can move shit around faster and communicate better. Money blown at China-Mart helps the Chinese and the Waltons.