So Canada has a new young, charismatic, JFK-style prime
minister. It will be fun watching
the transition to a new Liberal government. But what has this got to do with US transportation policy?
The Liberal platform has a bold plan for stimulating the
economy while advancing policy goals.
The idea is to pump large amounts of money into infrastructure and human
services ($5 Billion for each in the first year), financed by higher taxes on
the rich (shocking!) and deficit spending (even more shocking!). The infrastructure piece appears to be
mainly transportation, although the plan is not very detailed at this
point. If successful, the plan
will get the economy revved up while putting valuable public assets on the
ground at relatively cheap prices.
It will be – in effect – a very large Stimulus package.
If the plan is implemented (and given the solid Liberal
majority in Parliament it should be) it could provide a valuable model for the
US. Will it be successful? Time will tell. We know – despite the folk tales told
in some circles – that the US Stimulus at the beginning of the Great Recession
was a huge success, rescuing much of the economy will producing lasting benefits
at bargain prices. The Canadians
have apparently not yet convinced themselves – as Americans have apparently
convinced ourselves – that they are too poor, too old, too tired, too
depressed, or whatever, to make bold plans to engage the 21st
Century. I wish them success!
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