Infrastructure Infrastructure Infrastructure
Robert Reich is a very smart man. I have enjoyed and learned a lot from reading his blog . While this post is packed with insightful and interesting analysis, I think that his focus on the infrastructure aspect of Obama’s “Economic Recovery Plan” is especially pertinent. The American Society of Civil Engineers believes that $1.6 Trillion in infrastructure investment is necessary to bring our infrastructure to a GOOD level. The key implication there is that we currently have a BAD or at least non-good infrastructure. This is very disturbing. Especially since not $0.01 of the $700 billion TARP investment, or of the $25bn Auto bailout is going to investment, but just to maintain the status quo. Now this is not necessarily an indictment of either of these programs, that can be done elsewhere. But if it isn’t clear that we are faced with a fundamental structural crisis, then it should be. I think we would all prefer...