» President Obama plans to launch a major jobs initiative next week, and it will likely include an effort to expand spending on infrastructure. But is that the right policy approach?
The Obama Administration’s planned announcement of a jobs stimulus will not be welcomed by the anti-investment Republicans in Congress, but in a country desperate for jobs and with disintegrating infrastructure, it seems wholeheartedly necessary. Throughout his Presidency, Mr. Obama has argued strongly for using federal funds for upgrading the nation’s highways and transit networks, so he seems likely to further his push for federal expenditures on capital programs such as these.
What the proposals likely will not match are the hundreds of billions of dollars for all sorts of mobility-enhancing programs over the next few years the Administration promoted with great fanfare this spring, only have them fall apart as it became clear that the White House had no
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