Saturday, December 6, 2008

Obama unveils massive infrastructure investments

This is good news. In his weekly YouTube address, President-elect Obama (rolls off the tongue, doesn't it?) announced a massive infrastructure plan to stimulate the economy and create 2.5 million new jobs. 

Already I've heard talking heads on the right criticizing Obama's plan as big-government interventionism that won't produce "lasting wealth" or permanent employment. What they fail to notice is that modern infrastructure coupled with world-class education and a healthy workforce will pay enormous dividends well into the future; this is about laying the groundwork for something better as much as short-term stimulus. After all, that invisible hand won't allocate much on a crappy dirt road.

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