Infrastructure needs updating
Published 8:41 pm Monday, December 8, 2008
It appears as though President-Elect Barack Obama’s infrastructure plan has struck a chord with investors. Monday, the stock market shot higher for a second straight session. The major market indexes jumped more than 3 percent, and the Dow Jones industrials’ nearly 300-point advance gave the blue chips their highest close in a month.
Obama’s plan calls for the largest U.S. public works spending program since the creation of the interstate highway system a half-century ago. Our nation’s infrastructure is aging and needs help to once again move our economy forward.
We hope this plan will be as successful as the public works projects of Franklin D. Roosevelt, which helped us get out of the Great Depression.