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Transportation issues will be critical to the health of 21st century U.S. economy

Posted Aug 7th 2008 4:21PM by Joseph Lazzaro
Filed under: Forecasts, Other issues, Politics, Commodities, Oil

Given the smorgasbord of economic demands and concerns -- domestic and foreign -- likely to face the new U.S. president, investors (and taxpayers) can justifiably ask 'Where's all the money going to come from to pay for these programs?'

Legitimate question, but one, for now, we'll let the political process sort out. (Current Gallup Daily Tracking Poll as of August 6, 2008, for the U.S. presidential election: Obama, 46%, McCain, 44%.)

Electing U.S. Sen. Barack Obama, D-Illinois, or U.S. Sen. John McCain, R-Arizona, will produce different programs and revenue priorities, due to the parties' different sources of power, but the argument forwarded here is that -- regardless of who becomes the new president -- the office holder should address transportation in a comprehensive way. Here are the major concern areas:



Transportation Analysis: The above three represent formidable tasks for the new U.S. president, and that's just transportation. Still, undertaking them will have the added benefit of creating millions of good, new jobs in construction, industry, technology, and in many other sectors. Further, given the connection between transportation costs and U.S. GDP growth, the investments will, in the final analysis, prove to be money that is well spent.

Tags: airlines, airports, buses, business travel, cars, climate change, commercial aviation, commuter rail, electric cars, environment, gasoline prices, gdp, hybrids, leisure travel, mass transit, McCain, natural gas vehicles, Obama, oil prices, oil shock, OPEC, railroads, subways, transportation, travel, U.S. economy, vehicles

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