Can Washington Power Up American Inventiveness?
197 views · Published 20 July 2009 · 1:10:25 · Indexed 20 September 2026
Channel: New America · 2009 · News & Politics
Will the next economic recovery be a jobs-producing boom like the 1990s, or an employment bust, as many economists now fear? The answer will largely come down to the state of small business, the source of nearly all net job growth in the U.S. economy for decades. So what can Washington do now to open up new opportunities for America's cutting-edge entrepreneurs? The answer is, plenty. In fact, it is at times of crisis that presidents have the most political leeway to make the bold moves that lead to future growth. Lincoln built the transcontinental railroad during the Civil War. FDR extended electric power throughout the nation in the midst of the Great Depression. These projects transformed American life, making possible huge gains in productivity and the creation of whole new industries. They were the platforms of growth in their day. It's time we built the platforms that are right for our day--from high-speed broadband to a universal health care system that gives entrepreneurs the safety net they need to take risks.
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