President-elect Obama

The initial blush of excitement has worn off. I went through an elation phase and a let-down phase. Now I'm into trying to anticipate what's next. I don't care what kind of dog the Obamas adopt. I don't care what school the Obama kids go to. I don't care what Michelle does with the drapes. I do care what President Obama, together with lame duck Bush does with the country's economic situation over the next few weeks.

Obama has some good solid liberals and some decent centrists in his economic advisory team. I'm partial to Robert Reich, who's blog gives a better voice to his ideas than I ever could . Essentially Reich is pushing for a very large injection of federal spending on US infrastructure. Kind of a baby New Deal, but a pretty fat baby. This would add to the huge federal debt, but unlike the Iraq War that was funded by the latest debt increase this infrastructure spending would have lasting positive effects in the USofA. The trick is to keep some of the pork out of the package.