For Release Sunday, February 08, 2009
Citiwire.net
The recent frenzy surrounding the formulation of an economic stimulus package has injected a new phrase into the American lexicon — “shovel-ready.” The phrase’s current popularity traces back to statements by then-Sens. Hillary Clinton and Barack Obama during the presidential campaign, capped off by Obama’s pledge, a month after his election, to launch his economic stimulus plan with a bevy of “shovel-ready” projects.
But assuming Congress soon passes the American Recovery and Reinvestment Act of 2009, can all its infrastructure projects be truly “shovel-ready” — 100 percent completed plans, requisite environmental review and permitting processes in hand, plus the real estate acquired and prepared for construction? Probably not.
But we’re not without knowledge or capacity — if we use it — to fast-track the projects we need to bolster the economy and start putting people back to work quickly. Indeed, we’ve done it — and quite well — in a number of high-profile recent cases.