I’m no economist (that much ought to be clear), but it would seem blindingly obvious that to stimulate the economy, the government needs to invest — in activities that create jobs, while addressing urgent needs of the economy and society. Spend that $1.5 trillion upgrading America’s crumbling infrastructure, and you’d be doing both. You know, public works programs. Commission engineering firms to build new roads and bridges, or (heaven forbid) create a 21st century rail network to replace the current 19th century affair, and you’d create quality jobs up and down the country, and generate domestic demand and its multiplier effects.
But I guess they can’t do that, because that would be socialism.
Have a nice recession.
Friday, February 15, 2008