Here's hoping ...

MANIFESTO

With the largest national infrastructure investment since "the creation of the federal highway system in the 1950s" somewhat imminent, the stock market today has been able so far to minimize the relatively bad news the FOMC provided yesterday.

I'm struck by the Forbes' writer who opines that Obama's plan is a new New Deal. I don't know if this means anything, but I knew people one and two generations older than I who absolutely loathed FDR and the changes he brought to the country. Now it seems that a plan similar to FDR's is the sine qua non for any possible economic rejuvenation for the country.

Be that as it may, Bob Reich warns that there's a real danger the infrastructure impetus "will be too small."