11 December 2008
President-Elect Obama has announced a proposed economic recovery plan for the US involving the expenditure of possibly trillions of dollars to rebuild decaying infrastructure and to develop sustainable sources of energy that will eliminate the need for imported oil. The idea is to take up the economic slack caused by the accelerating recession and spur recovery through public expenditure. Harry Melkonian writes that this proposal reflects the thinking of Bush. Not George W Bush but rather Prescott Bush,his grandfather who was a Republican politician of a rather different political bent.