It could yet be watered down, but so far it sounds good …
President-elect Barack Obama committed Saturday to the largest public works construction program since the creation of the interstate highway system a half-century ago as he seeks to put together a plan to resuscitate the reeling economy.
Later in the same article, more evidence that wingnutism is a mental pathology -
Alan D. Viard, an economist at the American Enterprise Institute, told Congress recently that public works spending should not be authorized out of “the illusory hope of job gains or economic stabilization.”
“If more money is spent on infrastructure, more workers will be employed in that sector,” Mr. Viard told the House Ways and Means Committee. “In the long run, however, an increase in infrastructure spending requires a reduction in public or private spending for other goods and services. As a result, fewer workers are employed in other sectors of the economy.”
Not having enough workers to go around doesn’t seem to be an issue at the moment.















