Obama Repeats Himself Ad Infinitum

In his weekly radio and video address describing what he called the American Recovery and Reinvestment Plan, Obama reiterated the same essential plan which will not spur the economy. It seems as if it is high time for economists to break the news to the American people. This plan is not going to accomplish much; it will not challenge fast-moving economies such as China and India. The plan only has five main goals which are ridiculously absent of challenging, bold, and growth-inducing:

* double renewable energy production and make public buildings more energy efficient;
* rebuild crumbling roads, bridges and schools;
* computerize the health care system
* modernize classrooms, labs and libraries;
* and provide tax breaks to American workers.

If this is the best that the brain trust can commit to, it will be a long four years. If there were any original ideas in the plan it would include investments in the creation, innovation, and research in technology and science.