December 2008
3 posts
It Makes No Sense →
“Recession or no recession, our nation desperately needs to update infrastructure that lags behind that of even some developing countries. But it is also true that a recession is the perfect time to put money into long-term investments like massive public-works projects because it creates jobs while pumping up our economy. It’s like hitting two homeruns with one swing. FDR knew that...
Stimulating the Economy with a Vision →
“But alas, there’s no evidence so far that the Obama infrastructure plan is attached to any larger social vision. In fact, there is a real danger that the plan will retard innovation and entrench the past.”
David Brooks of the NYT is right to look for the Obama Administration to put a social context—enhancing community, for instance—to the billions in infrastructure...