The Obama administration aims to lay a sound foundation for growth by investing in high-speed rail, clean energy, information technology, drinking water, and other vital infrastructures. The idea is to partner with the private sector to produce these public goods. An Obama government bank will direct these investments, making project decisions based on the merits of each project, not on politics. This approach has been a cornerstone of US foreign policy for several decades. In fact, our government-led reinvestment in America is modeled explicitly on international public banks and partnerships. However, although this foreign commercial policy is well-established with many successes, it has also been deservedly controversial and divisive. This book describes the international experience, drawing lessons on how the Obama Bank can forge partnerships to promote a durable twenty-first-century New Deal.

Publication Details

Title
Obama’s Bank: Financing a Durable New Deal
Authors
Likosky, Michael
Publisher
University of Cambridge / Cambridge University Press
Publish Date
2010
ISBN
9780521147118
Citation
Likosky, Michael, Obama's Bank: Financing a Durable New Deal (University of Cambridge / Cambridge University Press, 2010).
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