Word: smartness
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...wickedly smart and he doesn't have a big ego." -John Landforce, a former executive at a computer store chain who often dealt with Cook, The Wall Street Journal...
...Smart So where should the money go? And how can we make sure it gets there? In all three elements of Obama's plan, there is great promise as well as potential pitfalls...
...rest of Obama's stimulus will be New Deal-style government spending on needed goods and services, often with modern twists. That means smart meters and weatherization programs to prevent wasting energy; transmission lines and solar panels to promote alternative energy; green school buildings and sewage-treatment plants; wetlands restoration in the Everglades and coastal Louisiana; repairs for aging dams, bridges and airports - plus broadband networks, research, job training and, as Obama has suggested, anything else that seems like a good idea. This is an ideal time for the government to spend money on infrastructure, because labor and equipment...
...they don't get spent. That's what happened last year to a $168 billion stimulus package that relied on income tax rebates - remember when $168 billion was a big deal? - but foundered when many recipients hoarded the cash or paid down credit-card debt. It turns out that smart personal-finance decisions make for a lousy stimulus...
...fuels, but there's only so much of that ready to go. Nathaniel Keohane of the Environmental Defense Fund started ticking off his wish list in an interview: $1 billion for homeowners to install energy-efficient windows, $750 million for truckers to use fuel-efficient equipment, $600 million for smart boiler controls. "Still $998 billion to go," he said with a sigh. "Really, I spent time on this, and it's a reach to get to $100 billion." Obama and his team are starting to sound irked by demands for more. Why retrofit only 75% of federal buildings...