If Concrete Pouring Were a Stimulant, We'd Still Have U.S.S.R.

Most mornings in my home office, I have CNBC on the television in the background. Unfortunately, it's not uncommon to hear an “expert” say something silly about the economy or business. On the morning of March 16, it was Jim Cramer's turn.

Cramer, who hosts “Mad Money” in the evenings and is a morning “Squawk on the Street” co-host, declared, “Everybody believes in infrastructure spending.” By infrastructure spending, I assume he was talking about President Trump's promise for a big federal infrastructure spending program.