Obama is proposing a whole new batch of “pyramids” - turns out he is more Keynes than Marx (just like Bush is more Keynes than Smith). I also like to call these projects “broken windows” ala Bastiat’s “seen vs unseen”. The greatest villain to a Keynesian is someone who saves their money. It isn’t the bogeyman under the bed that scares Keynesians, it is the wad of cash.
I say, we are all Keynians now.