Reason Foundation

Reason Foundation

Obamonomics--1930s Style

Samuel Staley
December 6, 2008, 4:18pm

President-Elect Barrack Obama released "details" of his massive spending plan on Saturday, promising to implement an infrastructure spending spree bigger than the Interstate Highway program. National Review On-Line asked me to comment as a guest blogger in "The Corner". In part, I say:
Specifically, President-Elect Obama promised an infrastructure-spending program bigger than the investment in the federal Interstate Highway System. It is a proposal that is both grand in words and extraordinarily shallow in substance.

Samuel Staley is Research Fellow

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