40 year wish list op-ed piece in the WSJ says (hat tip Tinman) :
Most of the rest of this project spending will go to such things as renewable energy funding ($8 billion) or mass transit ($6 billion) that have a low or negative return on investment. Most urban transit systems are so badly managed that their fares cover less than half of their costs. However, the people who operate these systems belong to public-employee unions that are campaign contributors to . . . guess which party?
Talking point presentations are to be expected, but such statements need to be rational at a minimum.
Another piece in the WSJ brought to my attention by Tinman is a narrative reminder of how interrelated we are, and one person’s ‘saving’ is another person’s loss that link to the second person needing to ‘save’ money that leads…well, you know.
Update: 17 major financials events 2008. Lots of links too.