Monday, June 25, 2012

Obama's Infrastructure Charade

Demanding Republican funding for projects that will never be "shovel ready." - James Piereson/Spectator

Jeffrey R. Liebman, a former Obama administration official, authored a prominent article in the June 22 issue of the Wall Street Journal lambasting Republicans in Congress for blocking President Obama's plans to spend billions of dollars on infrastructure projects to create jobs for the unemployed. As he writes, "Congress has failed to act on the president's plan to put construction workers back on the job rebuilding our roads, bridges, and airports."

This is a charade. The day is long past when spending on public works and infrastructure can pull the economy out of recession in a timely way. By the time such spending is ready to come on line, the recession is likely to be long past....