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Obama's Bank: Financing a Durable New Deal Paperback – November 18, 2010

5.0 out of 5 stars 2 customer reviews

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Editorial Reviews


"Drawing on his deep understanding and wide-ranging experiences with public-private partnerships, Michael Likosky's book provides essential insight on how to structure a national infrastructure bank effectively, in a way that maintains the public interest, keeps America competitive in the 21st century global economy, and provides the critical investments needed to rebuild our nation."
- U.S. Representative Rosa L. DeLauro (Connecticut)

"Michael Likosky has pulled together every major issue that must be addressed during the creation of the new National Infrastructure Bank. His explanation of each of the many demands being made of this great concept is followed by a clear and concise description of the elements of the organization that can best respond. After reading Obama's Bank, one not only understands the grand scale of what must be done, but also knows exactly how to get there."
- Stanton C. Hazelroth, Executive Director, California Infrastructure and Economic Development Bank

"The notion of an infrastructure bank for the United States is not new. However, Michael Likosky has done what no one else has: looked at all of the key questions that, to this date, have been unanswered. In Obama's Bank he issues a challenge to those who have introduced national infrastructure bank proposals: think very practically about what needs an infrastructure bank can efficiently address, focus on getting the details right, and move beyond talking points to action."
- David Chavern, Chief Operating Officer, U.S. Chamber of Commerce

Book Description

The Obama administration aims to lay a sound foundation for growth by investing in high-speed rail, clean energy, information technology, drinking water, and other vital infrastructures. The idea is to partner with the private sector to produce these public goods. This book describes the international experience, drawing lessons on how the Obama Bank can forge partnerships to promote a durable twenty-first-century New Deal.
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Product Details

  • Paperback: 392 pages
  • Publisher: Cambridge University Press (September 20, 2010)
  • Language: English
  • ISBN-10: 0521147115
  • ISBN-13: 978-0521147118
  • Product Dimensions: 6 x 0.8 x 9 inches
  • Shipping Weight: 1.5 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #1,610,621 in Books (See Top 100 in Books)

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Top Customer Reviews

By Steven H Propp TOP 100 REVIEWER on September 20, 2012
Format: Paperback
Michael Likosky directs NYU's Center on Law & Public Finance and is a Senior Fellow at NYU's Institute for Public Knowledge; he has also written books such as Law, Infrastructure and Human Rights (Law in Context), The Silicon Empire: Law, Culture And Commerce (Law, Justice, and Power), etc.

He wrote in the Introduction to this 2010 book, "My own hope ... is not that we vilify government-industry relations or quixotically aim to do away with them. Instead, the purpose of writing this book is to advocate bringing to the fore their justification... This book focuses on how to model partnerships so as to advance their public interest aims." (Pg. 3) He adds, "This book advocates for a single mega-bank combining traditional infrastructure sectors along with clean energy in far greater depth than currently envisaged." (Pg. 5)

What Likosky calls "the Obama Bank" is "a stand-in for an approach to recovery." (Pg. 12) He argues that "the Republican free market approach in practice involves the government advancing a certain set of interests... As Obama observed, globalization was a government policy that advantaged some while structurally disfavoring many others." (Pg. 15-16)

He explains, "The Obama Bank is an effort to turn the most appealing aspects of this foreign affairs model inward. The bank itself is modeled on our U.S. export infrastructure banks and the intergovernmental ones.
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Great ideas about new ways of looking at issues that we have to deal wit at all levels of government.
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