Not a stimulus but an investment package

The economic stimulus package under consideration should not be described as just another stimulus package. In truth, it is an investment package. It is an investment in rebuilding America, an investment to make America stronger. It is “nation building” in the finest sense because its dollars are dedicated to rebuilding this nation.

Look, our nation’s roads and bridges are crumbling. Many states are “making do,” some are even repairing their bridges with wooden braces – and all such bridges are living on borrowed time. Levees need repairs in California, water ducts are leaking one billion gallons daily in New York. Every state has a long list of urgent projects that need attention and funding. Public works projects in all 50 states soon could employ hundreds of thousands of workers.

President-elect Obama says he wants to bring high speed Internet access to all Americans, especially those who live in rural areas. Building out networks to rural and under-served urban areas will create hundreds of thousands of jobs doing everything from digging ditches to designing the networks that will serve us. This bill makes a down payment on that initiative.

There are tax cuts for the middle class included as well as extension of unemployment benefits…and many other initiatives. Not everything in the package will find universal support, but taken as a whole, it is the best package for our nation’s immediate and long term security.

I have always believed that disaster and opportunity are close relatives. So, while standing knee deep in the disaster of these sad economic times, what better time is there to look for opportunities to succeed before they become opportunities lost in the swirl of our present despair.

It is my hope that this difficult period will be known in history as The Great Transition. Yes, not a recession but a transition, a period when we closed the books at last on antiquated 20^th century industrial leadership and began the transition to a new period of economic growth and prosperity based on technological advances as revolutionary as the telephone, light bulb and automobile.

Samuel Taylor Coleridge wrote, “Often do the spirits of great events stride on before the events. And in today already walks tomorrow.”

The spirit of renewal is upon our land and a sense of tomorrow’s greatness already walks with us. With a new President about to take the oath of office, this is the hour for breaking with the past. The terrorist attack of September 11, 2001 shook this nation to its foundation – our national security was threatened; and now the economic system we rely upon has shaken to our core our sense of personal security. We continue to address the former threat, now it is time to address the latter.

I believe we are not at the end time for American leadership and influence; I believe our influence and leadership on the world stage has just begun. We must not shrink from our responsibility nor fail to seize the opportunity before us to build upon the heritage that has been entrusted to us.

Congress should pass the new stimulus package. Tomorrow already walks in this day.