Bellard...at first I thought you might have posted something of interest since transportation funding is a hot button issue right now, but as usual you've either misunderstood the context of the article or went out of your way to intentionally mislead...for what reasons I can only imagine.
The article was referring to no fixes for road funding shortfalls...not no more fixes for road themselves. The CO state government failed to pass a tax hike to fix a budget shortfall and instead choosing to pick the issue back up in the next session, which is far different from saying they will not perform any more road work in 2008 which your post title erroneously implies. They are still spending the same amount of money, they're just saying that's not enough and they need more. That is a constant theme and a reason to be bullish in aggregate stocks.
No misleading - This article shows that states and local governments can't raise money for road projects. In this recession, taxes can't be rasied - hell the brainstems in Washington are talking about eliminating the federal gas ta!.
Instead of bashing - you should have listened to my advice and sold VMC and bought into the sectors I suggested - they are up over 30% while you continue to lose money and bash/complain.
If you do not like my facts, or opinions then I suggest you stop reading/posting on Yahoo. A truly long term investor would not worry about short term data points anyhow?
When someone states the "I am a long term...", it just the same as saying "I was completely wrong on this one!"
I posted this only because VMC shareholders may not have seen this news. I know VMC is not in CO, but it does not matter - this is a theme I see in 2008 with states and county governments. With the credit meltdown, states and cities, and counties do not have access to funds like in years past.
We need this infrastructure work done, but without funding, VMC will be affected......