Friday, September 7, 2012

Obama Wants to Privatize Infrastructure Funding, Just Like Rahm

Chicago Mayor Rahm Emanuel's Infrastructure Trust is a controversial subject in the city.

...and a logical extension of Obama's long-standing economic policy:
Last month, Rahm Emanuel made a curious remark in an interview with Bloomberg BusinessWeek about his plans to upgrade Chicago's infrastructure. While explaining how his newly-created Chicago Infrastructure Trust would operate, he claimed that the United States had the world's most capitalist economy, yet was also "the only economy that still does its infrastructure on a socialist model, state-owned."
Rahm's old boss, President Barack Obama, currently oversees the country's supposed "socialist" road-building enterprise. But if he gets re-elected, he may actually follow Rahm's lead in advocating more private investment in infrastructure projects. In fact, he has been trying to create his own version of the Chicago Infrastructure Trust on the federal level since before he was elected.

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