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Obama's Bank: Financing a Durable New Deal Paperback – November 18, 2010
- 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
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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.Read more ›