Obamonomics–1930s Style

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.