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the inevitable failure of the democrats
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Starting from an extemely low base, FDR was able to institute very rational and reasonable policies and the country was rewarded by an explosion in productivity due to the improved infrastructure. Main street remained quiet while he goodies kept flowing in but there is (appears to be??) a limit as to how far the improvements can go -- we run out of land to build expressways etc. The heirs to FDR lost the infrastructure plot and turned to social engineering -- an honorable idea but impossible to sell to main street.
by
wisedup
on
Wed Nov 17, 2004 at 05:10:28 PM EST
Re: the inevitable failure of the democrats
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New infrastructure might not be concrete but instead digital. While I never bought the "New Economy" ideas of the '90s, expanding digital infrastructure will open up new markets for goods. For example, my parents are stuck with a lousy modem, because digital lines don't go into their areas.
by
nanoboy
on
Wed Nov 17, 2004 at 05:20:32 PM EST
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