Wait. Later he said “We’re working hand in hand to see to it that Congress finally gets the message that we need a terrorism insurance bill to get American hard hats back to work. (Applause.) People say, does it matter? Of course it matters. There’s over $8 billion of commercial construction that has been suspended last year. That means $8 billion worth of projects in which somebody is going to be able to work and put food on the table for their family.”
So he at least understands that if the government spends money on construction, that means construction jobs putting money into the hands of American families. Did I read it right? Or is he saying that if the government bails out big insurance companies that will lead to construction? I’m confused. If the government spends it means money in the hands of the big insurance companies which leads to construction of insurance company buildings? (The big insurance companies had their money in the stock market and now don’t have the cash to cover their obligations. It might be as big as the pension problem story) but that’s another story.