Robert B. Reich, a co-founder of The American Prospect, is a Professor of Public Policy at the Goldman School of Public Policy at the University of California at Berkeley. His website can be found here and his blog can be found here.
Have you ever got to an airport to discover your flight's been delayed an hour or two, or more? Or its been cancelled altogether? Or after your plane leaves the gate, you spend the next hour on the runway waiting for it to take off? And as a result, you miss your connecting flight, and you don t get to the wedding or a funeral or meeting you had to get to?
Join the crowd. America's entire air traffic system is overwhelmed, failing to keep up with growing demand for air travel.
Ask somebody who's not from the United States to describe Americans, and almost invariably you'll get a description of someone who's outgoing and upbeat. No challenge is too great for us, no obstacle too high. In fact, to the outsider, our overwhelmingly sunny view of life sometimes seems a bit naive, our boundless enthusiasm rather childlike.
American optimism carries over into our economy, which is one reason why we've always been a nation of inventors and tinkerers, of innovators and experimenters and why we're the most productive economy in the world.
We're not in a war economy yet. We're in an economy that's just plain
sinking. What to do? Federal Reserve Chairman Alan Greenspan has told Congress to
"wait and see" what happens before enacting a stimulus package lest it create
inflationary fantasies among traders of long-term bonds. In an extraordinary show
of newly bipartisan gutlessness, our representatives in Washington are heeding
his advice. Congress shouldn't listen to Greenspan. A stimulus is needed right