Tuesday, September 27, 2011

Good news?

USA Today reports "Bad traffic congestion can be a good sign for jobs". 

We know that there is brisk demand for economic indicators.  Warren Buffett likes rail freight carriers.

The cited Texas Transportation Institute report (co-sponsored by the American Road & Transport Assoc.) notes the rebound in the Washington DC area.  One can never be sure that this is a good thing for the rest of us.  What do these guys produce?  Granted that some rule-making and rules-enforcement is too the good, I worry about the sons and daughter of Solyndra scurrying around the capital and accounting for the extra traffic delays that USA Today conjectures is an upbeat sign.

No public program has ever been "overfunded", but most of them are always "underfunded."  Can it be that they misuse the resources they have?  Clifford Winston makes the case that for transportation this is exactly the problem.