BUSINESS
12/05/2008 05:12 am ET Updated May 25, 2011

Electing The New Economy: Time For An Infrastructure Overhaul?

"Right now, there's something damn close to political consensus for a transformational investment package," Klein writes, arguing that, "the next president should be thinking hard indeed about how to make the most of the opportunity."

During Congressional hearings over the last two weeks, two influential economists have urged the government to embark on major infrastructure projects as a means to stimulate the economy. Both Nobel Prize-winner Joseph Stiglitz and NYU Professor Nouriel Roubini, who accurately predicted nearly every development in the recent Wall Street implosion, argued that the best way to ease economic malaise is to pour money into green energy projects. Preventing a recession appears out of the question, but why not set our sights on something "transformational," in Klein"s words, that could fend off ecological destruction even more comprehensive than the recent financial hemorrhaging?

David Morris emphasizes the potential for environmentally friendly infrastructure development for Alternet, suggesting that a President Barack Obama may "institute a massive public works program focusing on infrastructure that lends itself to a green orientation."

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::Vince Farrell: Who Spent On Infrastructure? The Pharaohs Did It. Jefferson Did It. Both Roosevelts and Even Ike Did It.