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Wednesday, December 17, 2008

Obama Headed Down the New Deal Path

Unsurprisingly, Obama is starting to outline his $850 billion money flush that will likely worsen the recession by crowding out private investment in favor of government infrastructure spending.

As we saw from Boston's Big Dig, these projects will be wildly popular with general contractors, who thrive off of inefficient government spending. But for those of us who will be forced to pay for it, it'll be another bad day in America.