Not a good thing, right?

[Dublin ohio]

Don't know what he lied but government officials always underestimate costs.

Typical government contracts start with an RFP (request for proposal) with set requirements. The government may have a "guestimate" but that is just that a "guestimate". You don't know the actual cost until you get the proposals. California rail project was mismanaged and changed adding substantially to the overruns.

 

[Fernando]

Typical government contracts start with an RFP (request for proposal) with set requirements. The government may have a "guestimate" but that is just that a "guestimate". You don't know the actual cost until you get the proposals. California rail project was mismanaged and changed adding substantially to the overruns.

Politicians underestimate the difficulty in eminent domaining properties along its railroad path.
When Politicians don't know real estate and future inflation, the costs obviously were underestimated in dollars and time.

 

[Mark K]

Every government project has overruns, often times massive overruns. This is nothing more than retribution because Powell did not resign when Trump wanted him to. Trump needs to shut up about it and let the GAO do its job.

Seems fairly similar to Nixon‘s enemies list.

 

[Terrel L. Shields]

The Fed is quasi-independent and not under the control of congress or the executive. Ron Paul is right. It needs to be abolished.

 

[Charles West]

The Fed needs to be reorganized for the 21st century; it's a bloated gas bag with over 400 economists, a bunch of make-work jobs, and hasn't been supervised adequately for over 20 years. True to form, Powell has been a terrible manager; he's overseen 4 or 5 insider trading scandals and done nothing about them. It's past time for a reboot and some intelligent management to be brought in.