The $700B bailout is just a patch and something a little more balanced is needed. We need something that distributes wealth, opportunity and learning across the spectrum. This thing is going to cost a whole bunch. It has already costs just under a trillion dollars thanks to the mortgage input already of $250B. I actually think a the presidential candidates should think a little bigger, a little farther out and help setup an infrastructure which is green friendly, support an information economy and provides “bridge” projects/employment for the masses which will allow for a skills catch up in the population. I suspect there is about another $1.5-2.25 trillion in excess in the market, so why not invest in people. The new deal helped unify the country and bring new skills to the general population, that just might be what we need. Detailed rant can be found here, but the abridged version is below:
Geographic Expansion, Rail, population and spending oh my!
October 4th, 2008 — Random, geography, spatial