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View Diary: Not Enough Stimuli Could Be Worse Than None (201 comments)

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  •  Clearly, we should be looking at an enormous (15+ / 0-)

    infrastructure bill, literally in the trillions of dollars. There are so many needs that have been defrayed or postponed as we've played this silly-ass game of Reaganomics over the past three decades that it's going to take an enormous amount to catch up.

    Bob Herbert has a great column today in the N.Y. Times that makes the point:

    We’re rushing to bail out the banking industry for what? What kind of country will we have once the bankers are fat and happy again? The U.S. will still be a nation with a pathetic mid-20th-century infrastructure struggling to make it in a dynamic 21st-century world. It’s a blueprint for sustained national decline.

    The reason to seize this particular moment to move with a laserlike focus on the infrastructure is because of the desperate need to stop the advancing rot, and because rebuilding the infrastructure is a phenomenal source of employment.

    I understand the need to somehow stabilize the financial system, but that will do little good if we don't have jobs and a platform on which to build a dynamic economy.

    "If a free society cannot help the many who are poor, it cannot save the few who are rich." JFK - January 20, 1961

    by rontun on Mon Feb 02, 2009 at 10:03:46 PM PST

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    •  Technically, isn't the highway bill and a lot of (2+ / 0-)
      Recommended by:
      rontun, thethinveil

      other construction spending also infrastructure spending?  (Heck, even part of DODs budget is spent on infrastructure projects.)

      Sure, its not still small compared to the need caused by decades of neglect, but in fairness should those amounts not also be added when talking 'infrastructure spending'?  

    •  We will probably get it. (3+ / 0-)
      Recommended by:
      rontun, JG in MD, Green Bean

      Multi-trillion investments have a vastly higher chance of passing if distributed among the normal budget bills than if crammed into a gargantuan hairball.  The stimulus bill is just a pilot light, and a (duly sprung) trap for Republicans - let's not forget we are only two weeks into the Obama administration.

      I believe you have my stapler.

      by Troubadour on Tue Feb 03, 2009 at 01:32:06 AM PST

      [ Parent ]

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