Obama’s $447 billion plan is a huge gamble. Public works programs and such are traditional methods of jump-starting an economy. The trouble is, there are tremendous resource constraints: there are just not enough materials to go around, on a global basis.
We’ve cut way back on resource utilization, of necessity, and it may be best to figure out how to keep it that way, doing more with less. I’m not sure how to go about doing this, but we sure do need to put our heads together to figure it out. It’s probably going to require creating a wholly different type of politician, coming from the bottom-up, instead of the traditional top-down, “I’m the one for you,” approach.