Monday, February 23, 2009
Featured Article

New York Times: That can’t do spirit

From New York Times: 

What Americans need is new employment on a massive scale, and one of the most effective ways to get that started is to invest extraordinary amounts in the nation’s infrastructure, to rebuild America in a way that creates a world-class platform for a sustainable 21st-century economy.  President Obama’s stimulus package is just a first step in the government’s effort to stabilizing the hemorrhaging economy. It contains infrastructure spending, but nothing comparable to the vast amounts it will take to make the desperately needed improvements.  Funds spent on those improvements, which will have to be made sooner or later, are also cracker-jack investments in putting people to work. The idea that the government is spending trillions on wars, bank bailouts, tax cuts, and so on, while still neglecting its infrastructure needs — and at a time when Americans are desperate for jobs — is mind-boggling.  The financier Felix Rohatyn has been carrying the banner for infrastructure spending for the longest time. During an address in Washington over the weekend to a meeting of the National Governors Association, he emphasized the importance and long tradition of investing government revenue, with an eye to returns in the long run

 

 

Back to Top