... It makes economic sense. The president should think big -- upward of $100 billion a year for at least two years...The editors recommend a deal:
Unfortunately, a major public works program doesn’t make political sense right now. Republicans have served notice that they intend to stand pat against new federal spending...
Obama should temporarily suspend Davis-Bacon, then ask Congress to repeal the act and let the market decide wage rates, as it does for every other industry....I can't picture the Republicans accepting this. And does the public actually want a Works Progress Administration-style program?
Such a deal would stretch federal money, resulting in more jobs, especially for less-skilled workers who have been out of work for more than six months. And it would finally allow Obama to have a Works Progress Administration-style program that’s been missing from his recovery plans.