Republicans maintain that the states and private companies could more effectively rehabilitate infrastructure than could Obama's proposed Federal Infrastructure Bank. But the GOP argument is a red herring.
The Federal Reserve is trying to do their part with more easing of interest rates, but absent more action on the fiscal side, like the measures in the president's jobs plan, I don't expect anyone much to take advantage of lower rates.
With President Obama's jobs speech on Monday and Speaker Boehner's jobs speech yesterday, we can put the Democratic and Republican Party economic plans side by side. What is stunning is that neither side offers a serious diagnosis or a solution.