Ezra Klein brings up some good points (as do commenters) about government investment in infrastructure as a means of creating economic opportunity. Expect this to be a central point of debate in coming months. Democrats would be wise to embrace the “infrastructure as stimulus” approach as a way to improve the economy with tangible results to show for it. Republicans will push back weakly, but they’ll be mired in collective soul-searching and backbiting (even if McCain wins). And if Obama comes out on top he will seek to build a legacy of his own, and he can’t do much better — or bigger — than an overhaul of infrastructure to facilitate American energy independence.
Infrastructure as stimulus