On Page B7 Former Treasury Secretary,Harvard President and the head of the White House National Economic Council in the Obama administration published Obama's Down Payment: A Stimulus must aim for long-term results:-
"Investments in education,energy,infrastructure and health care -offer the potential of extraordinary high social returns." Investment in public education is positive externality as I sent my past blogs. Social returns would mean Socio-Economics that would meet 21st century educational challenges apropos of training.
"Creating jobs that Americans need and doing the work that our economy requires." Such top priority may be found in "Keys for Economic Understanding" www.Amazon.com online book catalog for reference. " The economic team is crafting a broad proposal,the American Recovery and Reinvestment Plan,to support the jobs and incomes essential for recovery while also making a down payment on our nation's long-term financial health." I endorse such proposal wholeheartedly.
It is good to read energy setor must be pushed for both public investments and the removal of barriers to private investment. It is the mix of public and private sectors as I sent my blogs with the same rationale.
Lawrence Summers is certainly correct in his thought to strengthen our middle class and our economy over the long run. The middle class is the backbone of any nation and President-elect Obama reiterated such thoughts via the media that voters count on such promise.
Francis shieh a.k.a. Xie Shihao,an avid learner of economics in action to see economic policy to serve the American public in the American society. Such goal would be shared by the economic policy to serve the folks in China for maintaining stability when Chinese have opportunity for jobs with a marketable skill to earn a decent living for China's harmonious society. The common goal for USA and China is to serve the people in both nations with the proper mix of public sector and the private sector in the 21st century.
Tuesday,December 30, 2008 at 9.50 a.m.
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