The Repaving of America

How do you like the American Repaving and Redistribution Act so far? Pretty, isn’t it?

These first two pictures are of the freshly laid blacktop sloppily poured along the off-ramp entering Mattapoisett, Massachusetts, where I grew up. Who is going to be walking here, nearly a mile out of town? The only destination here is the highway. Not the place for a stroll to be sure. Talk about a “sidewalk to nowhere.”

The third image here is a picture of a repaved road in Newport, Rhode Island. The road was just fine the way it was and actually had some character, having aged nicely over the years. Now, thanks to a new slick surface, it’s NASCAR in the neighborhood. We’ll see how long it lasts once the snow plows rip it up after the first storm this winter.

So this is what our part of the $862 billion is getting us—all this work made up by Uncle Sam to get the economy going. Meanwhile, the unemployment rate hasn’t budged in the18 months after the American Recovery and Reinvestment Act was signed, and Washington wants to spend more of your dollars to “stimulate” the economy.

Email feedback@richardcyoung.com photos of Recovery Act projects in your area. Don’t forget to include the name of your city in the email. We’ll post the good ones next week.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.

E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.