Duncan Black wonders why Obama’s infrastructure plans have so much added complexity in order to accommodate private investors:

I like me some infrastructure spending. I do not know why the government, which can borrow money for free, needs a rube goldberg machine with added middlemen to make it happen.

This one is simple: There is a Washington consensus about public projects these days, it’s that giving some rich dude the opportunity to earn a profit at taxpayer expense, is essential because of capitalism.

What are you a commie pinko or something?

Yes, the free market mousketeers are basically corrupt ratf%$#s.

BTW, that is one seriously fat cat.