New York Times: “It has been 40 years since President Ronald Reagan declared in his first inaugural address that ‘government is not the solution to our problems, government is the problem.’ The infrastructure plan that President Biden described on Wednesday … is a bet that government can do colossal things that the private sector cannot.”
“It will take years to know whether Mr. Biden’s initiative will have the lasting power of the New Deal or the Great Society, or whether it can ‘change the paradigm,’ as he argued a few weeks ago. Yet it is already clear it is based on the gamble that the country is ready to dispense with one of the main tenets of the Reagan revolution, and show that for some tasks the government can jump-start the economy more efficiently than market forces.”
Save to Favorites