Can I say something that really bugs me here. Obnama talks about infrastructure, about building new ports, ports for the twenty-first century. As if
that would get the economy moving. Infrastructure is important in an economy, but it does not
drive an economy. You need incentives for capital to make the needed investments to start and grow businesses before any of this investment in infrastructure will have any effect. I mean, lets take the poorest economy in the western hemisphere, Haiti. Lets borrow money and build the best ports in the world there. Lets build bullet trains. Do you think that that would make Haiti more prosperous? Without the incentive for business and capital to become more profitable, to make their risks pay off, all you would have are empty ports.
Obama wants to build new ports to pay off his union buddies. Otherwise, every act he does punishes capital formation and investment. Higher taxes, higher employee costs, increased unionization, greater regulation, higher energy costs, on and on, are disincentives to economic growth. All the bullet trains in the world won't change that.
