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.

Samuel R. Staley, Ph.D. is a senior research fellow at Reason Foundation and managing director of the DeVoe L. Moore Center at Florida State University in Tallahassee where he teaches graduate and undergraduate courses in urban planning, regulation, and urban economics. Prior to joining Florida State, Staley was director of urban growth and land-use policy for Reason Foundation where he helped establish its urban policy program in 1997.