Only $70 billion? Really? Robert Reich:
We don’t know exactly how much the President is proposing to spend, but sources tell me it’s in the range of $70 billion, redirected from the $200 billion in TARP savings. The President’s small, calibrated attempt to balance a stimulus with deficit reduction will in fact make the deficit worse over the long haul.
I have to drive 90 minutes to the nearest commuter train, and I’m not that far off the grid. How about some light rail connecting the half-dozen midsize cities in eastern Pennsylvania? You know Pennsylvania, Mr. President. The swing state.
