Friday, November 8, 2013

President Obama Is Trying To Sell Infrastructure Investment To Public

The president is pushing an infrastructure investment that will enable US exports of grain, via the Mississippi river through the port of New Orleans, to be competitive in the long run.  Given that the Speaker of the House has referred to the president's plan as an effort for him to play Santa Claus with taxpayer money, he will have to sell it to the public in the states that depend upon this waterway for their livelihood.  There is no way of selling it directly to the GOP dominated House.

Politicians in Washington have apparently decided to vote against Santa Claus for some time.  US spending on infrastructure as a percent of GDP is half of what it was in 1960. 

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