As part of a larger package of "stimulus measures" announced by the administration this week, President Obama has unveiled a new nationwide infrastructure overhaul plan. On Wednesday, Obama also announced two new tax credits, a $100 billion permanent extension of the business tax credit for research and development, and a new $200 billion tax cut giving businesses an incentive to buy new equipment in the short term. Comments Cato scholar Daniel J. Mitchell, "All of these proposals suffer from the same flaw in that they assume growth is sluggish because government is not big enough and not intervening enough."
- "Obama's New Stimulus Schemes: Same Song, Umpteenth Verse," by Daniel J. Mitchell
- "Why Not Private Infrastructure?," by Tad DeHaven