Thursday, November 8, 2012

How to Rebuild Trust — and Infrastructure

Over the course of this campaign, commentators on both sides of the political divide seemed to agree on one point: this was a campaign about nothing. Barack Obama’s supporters wanted him to lay out a detailed and ambitious agenda for his second term. Mitt Romney’s fans wanted to hear more about the radical restructuring of government. But in fact, by the standards of most elections, this was a campaign about something very big.
Obama and Romney presented two distinct visions of how to rebuild the American economy. Romney emphasized the need to cut taxes and spending and, in general, shrink government. Obama talked about core investments that would allow the country to compete in this century. (Both agreed, without being specific, that they would pursue their agenda while reducing the deficit.) This is not a trivial divide, and the fact that Obama won should have consequences.
And yet it looks as if it won’t, because the partisan gridlock in Washington means that nothing gets done. A normal process of democratic legislation — each side making concessions to arrive at a compromise plan — has become impossible. Congressional Republicans, in particular, have decided that they would rather have the country be paralyzed than work with a President they have demonized.
Is there a way out? President Obama will have to try to find several — on a debt deal, immigration, energy. But perhaps the most pressing issue is also the one of greatest hope: infrastructure. Dealing with the larger challenges is important, but none of them will have an instant impact on the economy. A large push to rebuild America would. With economic growth still sluggish and unemployment in the construction industry at 11.4% — the highest of any field in the country — an ambitious effort in this area could yield immediate results.

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