Wednesday, August 10, 2011

Could the Hoover Dam, Golden Gate Bridge or any other New Deal project be built today?

Unions would demand blanket representation without elections -- and every imaginable compensation for such hazardous duty. Workers would apply for stress-related disability benefits given the dizzying heights and the dank subterranean mining. Government regulators and inspectors would outnumber project engineers. Private entrepreneurs world never risk such a chancy investment without ironclad government guarantees of profits despite enormous cost overruns. And the public would be as skeptical of the risk as they would be eager to enjoy its dividends when completed.

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