Commentary

Where will the money go?

The Wall Street Journal has a great article detailing the core areas of Obama’s stimulus plan. Importantly, the Journal notes that President-elect Obama sees the stimulus package as much more than a job creation program; it’s a way to implement his campaign promises more quickly than would have been possible under normal circumstances.

But the president-elect sees his plan as far more than fending off the wolf. He has said repeatedly that in crisis, he sees opportunity — to rebuild a national infrastructure that has been neglected for decades and to make down payments on policy initiatives that would have taken years to negotiate.

The full article is well worth a read.

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.