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Federal rescue is the American Way. Being there starts with helping to clear the flooded metropolitan-area tunnels between New Jersey and New York. But the concept extends to bridges, roads and all the other infrastructure challenges up and down the Atlantic coast after Hurricane Sandy. Such rescue seems like a no-brainer during crises. Yet the misty deification of Washington as exclusive rescuer isn’t necessarily warranted. In fact, the U.S. suffers from a collective and politically induced amnesia that obscures the reality: There are many American ways to build infrastructure and manage it in emergencies. In the past, state and regional governments often managed disasters. Even businesses ran big domestic rescues.
Read the full text on Bloomberg.com here.
TARIFF-IED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.