In Thursday's address to Congress, I want President Barack Obama to emphasize that fixing the home-building and construction industries is necessary to jump-start our lame economy. That is because, in my recollection, home building and construction have led us out of every recession since the 1960s, when I financed land acquisition, development and construction of tract homes.
"It's the economy, stupid." That was Governor Bill Clinton's mantra in 1992, when he was vying for the presidency. His opponent, the incumbent George H. W. Bush, danced around the edges of our country's economic woes and lost the election. More recently, Clinton offered his suggestions to fix the economy. But resolving the loss of construction and home-building jobs was not front and center.