By Michael Likosky
ISBN-10: 0521147115
ISBN-13: 9780521147118
ISBN-10: 0521197546
ISBN-13: 9780521197540
How may still the Obama management lay an excellent beginning for progress? As Michael Likosky describes, the Obama financial institution can forge partnerships with the non-public region to advertise a sturdy twenty-first-century New Deal. the belief is to associate with the personal area to provide public items equivalent to high-speed rail, fresh strength, info know-how, consuming water, and different very important infrastructures.
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Additional resources for Obama's Bank: Financing a Durable New Deal
Example text
The Obama Bank must not copy other banks; it must adapt models and learn lessons from what has been an uneven experience with partnershipdriven infrastructure-led growth. Our economic recovery depends on not only rehabilitating our national infrastructure but also on large-scale investment in state-of-the-art new projects. Infrastructure investment is a precondition to robust economic growth. America benefited from this insight during the New Deal and through Cold War–period investments into our information infrastructure, which created the Internet.
On May 22, 2009, on Meet the Press, Governor Rendell urged an expansive umbrella-like concept of infrastructure, saying that it was “so much more” than just transportation. 12 Moreover, when President Clinton considered establishing a bank during his first term, the idea was to include traditional infrastructures as well as clean energy and telecommunications. 13 This book too argues for such an expansive approach. In fact, it goes several steps further and argues that the Obama Bank should expand to encompass all federal infrastructure-based subsidy programs that involve innovative financing techniques.
The Obama Bank must not copy other banks; it must adapt models and learn lessons from what has been an uneven experience with partnershipdriven infrastructure-led growth. Our economic recovery depends on not only rehabilitating our national infrastructure but also on large-scale investment in state-of-the-art new projects. Infrastructure investment is a precondition to robust economic growth. America benefited from this insight during the New Deal and through Cold War–period investments into our information infrastructure, which created the Internet.
Obama's Bank: Financing a Durable New Deal by Michael Likosky
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