Obama should strive to make infrastructure his second term legacy

By Henry Teitelbaum, Editor, P3 Planet.com

With the election and fiscal cliff behind him, and Republicans showing  flexibility over raising the debt ceiling, President Obama may want to consider what else he can reasonably expect to accomplish in his second term.

Second terms are rarely successful in the US, either because of over-ambitious agendas, scandals and other political distractions, or as in the current case, a sharply divided Congress.

The president will need to choose his battles carefully, being sure not to squander political capital pursuing reforms that would face certain failure. Given the current state of politics and the sorry state of the federal government’s finances, this all but excludes partisan issues such as tax reform, climate change, or immigration reform.

But there is reason to be optimistic that a second term agenda prioritising the rebuilding of America’s physical infrastructure through well-designed public-private partnerships could attract the bi-partisan support needed to mobilise the nation. Continue reading Obama should strive to make infrastructure his second term legacy