Infrastructure spending + Zero Interest Rates=Failure

[The Rabbi]

Every year Obama has submitted to Congress new ideas for "infrastructure spending." Somehow the idea is that taking money from productive uses and building bridges to nowhere and airports for no one is going to boost the economy. This unproductive approach coupled with the Fed's zero interest rate policy has yielded the worst economic recovery on record. But it is no surprise. Japan has pursued infrastructure project after project and the same zero rates and has nothing to show for it but a bloated deficit and tepid growth, if any.
Time to jettison this failed idea in favor of unleashing market forces and allowing business, not government, to create prosperity.