16.11.08

Why didn't Bush get Credit?

Everyone wants to proclaim that Barack Obama is going to bring the large, public works projects like The Manhattan Project or the Tennessee Valley Authority, back into vogue with a green twist. Some people proclaim it and some people denounce it.

Why didn't George Walker Bush get credit for his New Deal? Since 2001, the U.S. economy has been running on the back of the Federal Reserve and cheap money, as well a huge government investment in technology - much of which is moved through military research and 9/11 protection. Not to mention the trillion(s?) dollar war. All of this money has been put into the world as an investment from a giant sovereign fund.

What percentage of the GDP, over the last eight years, had fraudulent mortgages underwriting it? The Bush Doctrine included a New Deal for America that lasted about four years. And now, we are about to get another big "government" investment.

I wonder if a large influx of forceful investment dollars can jump start anyone to get beyond hurdles in a few industries to create some societal game changing technologies.

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