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Infrastructure is the word of the day:

President Obama called on lawmakers Monday to back an ambitious initiative to modernize the nation’s crumbling roads, railways and airports, saying the strategy would not only improve the economy in the long run but create good jobs now.

….The Rose Garden statement capped a series of White House activities intended to highlight Obama’s infrastructure initiative, unveiled a month ago as the White House came under increasing pressure to address unemployment before the Nov. 2 congressional elections. The proposal would create an infrastructure bank to prioritize projects of national importance and fund it with $50 billion generated by eliminating certain tax benefits for oil and gas companies.

Well, I’m all for this, but the effect would be so minuscule that it’s hard to get really excited about it. It’s fully funded, so it doesn’t really provide much in the way of stimulus. It works out to $8 billion per year, so it would have only a small effect on construction employment. And, as Annie Lowrey says, “Congress has proved intransigent.” So it’s unlikely to ever see the light of day.

We’re just stuck. It seems likely that the Fed is going to provide some additional quantitative easing in the near future, which will probably be helpful, but it would sure be a lot more helpful if it were matched by something serious on the fiscal side. Unfortunately, that wouldn’t be good for Republican electoral chances, so it’s not going to happen. Welcome to 1937.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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