Everyone should read Terrance Heath’s post An Investment Agenda for America |,

“By failing to invest in direct job creation, our leaders are taking a ‘do nothing’ approach to shaping the new economy. Doing nothing — and yes, tax cuts amount to doing nothing, given their track record — will yield an economy in which the ‘new normal’ is a permanently lower standard of living for millions of Americans … An infrastructure bank may be an idea whose time is has come … Where an infrastructure bank leaves off, investment in preserving and creating local jobs can make a difference for millions of Americans … An investment agenda for America must include incentives for corporations to invest again in an America that has been a long-term investor in their success — perhaps even asking them to be American corporations again … President Obama recently hinted that reforming the tax code may next on his agenda. He would do well to consider that the tax code currently favors wealth over work.”