The Corner

‘Investments,’ Yet Again

I write today about Obama’s advocacy of more “investments.” Some critics complain that this is a new way to talk about an old policy. They’re wrong — the rhetoric isn’t even new. Here are key passages from his speech upon signing the stimulus back in February 2009:

Because we know we can’t build our economic future on the transportation and information networks of the past, we are remaking the American landscape with the largest new investment in our nation’s infrastructure since Eisenhower built an interstate highway system in the 1950s. Because of this investment, nearly 400,000 men and women will go to work rebuilding our crumbling roads and bridges…

Because we know America can’t outcompete the world tomorrow if our children are being outeducated today, we are making the largest investment in education in our nation’s history. It’s an investment that will create jobs building 21st century classrooms, libraries, and labs for millions of children across America.

Because we know that spiraling health care costs are crushing families and businesses alike, we are taking the most meaningful steps in years towards modernizing our health care system. It’s an investment that will take the long overdue step of computerizing America’s medical records…

Because we know we can’t power America’s future on energy that’s controlled by foreign dictators, we are taking a big step down the road to energy independence, and laying the groundwork for a new, green energy economy that can create countless well-paying jobs. It’s an investment that will double the amount of renewable energy produced over the next three years… The investment we are making today will create a newer, smarter electric grid that will allow for the broader use of alternative energy.

While this package is mostly composed of critical investments, it also includes aid to state and local governments to prevent layoffs of firefighters or police recruits…

 

 

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