...or I could ask the most hated question of all... Why ask why?
I would like so much to add some kind of historical back light to this argument, but as I told Ryan last week in a phone conversation, I can't for the life of me come up with a parallel in American history. Never in the most frenetic of FDR's 100 Days, (pick any of the four) did he suggest a bailout. He simply pumped billions (even in 1930's money) of Federal dollars into domestic works projects.
Which, I may add, is STILL not a bad idea, and a damned sight better than throwing close to a trillion away to bail out things that maybe shouldn't be fixed.
I mean seriously, what better way to re-establish faith in the economy, and I mean the rock solid blue collar shopping at Wal-Mart kind of faith than a federal plan to rebuild (pick your dilapidated domestic infrastructure... Mass transit, freeways, bridges, energy production, the list goes on...) over a set period of time for some serious coin? McCain say "Okay, here's $100 billion over five years for freeways. Here's $100 billion over five years for coal to gas refineries. Here's $100 billion over five years for high speed bullet train mass transit in the Northeast Corridor." And we've only spent 34% of the bailout cash!
I don't mean to beat the dead horse of New Deal 2008 but at least This plan has historical precedence for 1) success, and 2) re-establishing faith in the economy. THIS is the leadership we've been crying for. Who'd have thought it would look almost REACTIONARY compared to what is happening now.
Wednesday, October 15, 2008
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