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...help shape another unprecedented national infrastructure boom. The top Democrat on the House Transportation Committee, where he has represented Minnesota for 34 years, Oberstar says not only is the system primed for such an infusion but he believes the roughly $65 billion in infrastructure stimulus requested by President-elect Barack Obama will create at least a million jobs by June. (Read "How to Spend a Trillion Dollars...
...nation may be waging two wars, but those coming to Washington for the Inauguration of President-elect Barack Obama can be forgiven for wondering if we're in the middle of a third one here at home. Roads in the capital are suddenly being blockaded. Concrete barriers are popping up overnight on sidewalks. The city is taking on a bluish cast as its police presence surges. Not surprisingly, the debate has already begun: Is the unprecedented security a wise move given the historic nature of Obama's swearing-in and the tempting target it provides or is it overkill...
...Despite the fleets and armadas, the U.S. military is playing only a supporting role in providing inaugural security. The Secret Service, charged with protecting the President-elect and his family, is calling the shots. In addition to the military, the agency will be reinforced by some 8,000 police officers, many of whom will begin pulling 12-hour shifts directing traffic and patrolling downtown starting Friday. The D.C. police department is helping nervous companies by posting on its website a list of more than 50 licensed security firms that have declared they "are available for entities seeking security assistance...
...President-elect Barack Obama prepares to throw money at the current downturn - a stimulus package starting at about $800 billion, plus the second $350 billion chunk of the financial bailout - we all really do seem to be Keynesians now. Just about every expert agrees that pumping $1 trillion into a moribund economy will rev up the ethereal goods-and-services engine that Keynes called "aggregate demand" and stimulate at least some short-term activity, even if it is all wasted on money pits. (See pictures of the recession...
...sent out his message primarily over the Internet, through millions of e-mails, hundreds of thousands of YouTube views and a new social-networking site created by his Inaugural committee. "I will ask all Americans to make a renewed commitment to serving their community and their country," the President-elect announced this week in a video posted online. "Just visit USAService.org to find service projects in your community, or even organize your own around the causes you care about." (See 21 ways to serve America...