While a recent new report on President-elect Obama’s plans is pretty high on glittering generality, including the obligatory swipe at George Bush, the former senator shares the single substantive detail (and it isn’t much) about how he will aid the rebuilding of the economy. Here is his plan to create 2.5M new jobs by 2011.
“We’ll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels,” Obama said. He also made a commitment to fuel-efficient cars and alternative energy technologies “that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead.”
Move over Community Reinvestment Act. We’re about to have a new Works Progress Adminstration, a new Civilian Conservation Corps, a new Reconstruction Finance Corporation, etc.
Continue reading “Obama holds seance with FDR”