Dec 2008

Obama's investment strategy

As a short addendum to my previous post, and to indicate exactly why Obama is not going to address the fundamental problems facing America — and the wider world — this article over at the BBC contains a revealing quotation from the man himself.

Now, let me preface this by pointing out that his plan for massive government investment in infrastructure projects is a sound one. The problem comes when you analyse the type of projects he wants to invest in.

We’ll invest your precious tax dollars in new and smarter ways, and we’ll set a simple rule — use it or lose it. If a state doesn’t act quickly to invest in roads and bridges in their communities, they’ll lose the money.

“New and smarter”. “Roads and bridges”.

Because that’s what America needs in an era of decreasing oil availability. More roads.

Posted in: Opinion