Robert Reich is calling for a major stimulus:
“Fiscal hawks and conservative supply siders notwithstanding, a major stimulus is in order. Government is the spender of last resort, and the nation is coming close to its last resort.”
The bailout of the tycoons isn’t going to shore up the economy. Consumer spending is the key to recovery, but consumers aren’t going to be spending if they fear for their jobs. So the government will have to step in and stimulate the economy and prime the job creation pump.
Like Reich, I’d like to see money spent on things that have lasting value, such as major infrastructure projects. It’s about time to build new bridges and tunnels and repair old ones. How about some monorails or super trains? Or hydrogen stations?
And if we run out of infrastructure, we can start beautifying our cities with fabulous monuments and statues and works of art and architecture for the ages. Pyramids would also be cool. And how about giving the wingers something and building that wall on the Mexican border? Let’s make it even more impressive than the Great Wall of China or Hadrian’s Wall. I’m talking something you can see from outer space.
Speaking of outer space, let’s ramp up exploration efforts and mine the moon.
These projects will employ a lot of people and will attract tourists for millennia. They’ll eventually pay for themselves.
Some new levees and fire breaks would be nice as well, and we’d save in the long run on flood and fire damage.
And how about free child care for everyone so they can all go to work and start spending again? Lots of jobs will be created for teachers and lunch ladies and janitors by such a program. And they’ll need houses and cars and consumer goods, too.
Legalize pot and put America’s farmers to work.