Throughout U.S. history, competent public investments have been an essential complement to private investments - from the Louisiana Purchase, to land-grant colleges, to the Interstate Highway System, to the Internet.
After World War II the federal government figured out that Detroit could make 6 million cars a year and there were not enough roads to put them on.
Explaining the origin of the Interstate Highway System:
No one ever built an interstate highway system before
it was done in the Eisenhower administration
The Middle Way included the largest public works project in American history: the Interstate Highway system, which updated American roads for a driving generation with leisure time on their hands, but expanded the federal government's purview.
The electronics industry expanded rapidly and the seeds for the semiconductor and software revolution were planted. The postwar period also saw the suburbanization of America, the rise of the homeowner, the build-out of the interstate highway system, and the rise of automobile culture. Credit availability expanded dramatically.
Discount air fares, a car in every parking space and the interstate highway system have made every place accessible - and every place alike.
Thanks to the Interstate Highway System, it is now possible to travel across the country from coast to coast without seeing anything.
If we are to avail ourselves fully of the benefits of civil aviation, and if we are to use the automobiles we can produce, it will be necessary to construct thousands of airports and to overhaul our entire national highway system.
Government is inevitably going to play a very significant role in infrastructure, and in a country with a federal system where vibrancy and economic health depend on interstate commerce, it's not going to be private enterprise or state governments that will give you things like an interstate highway system.
We did such a great job of creating the interstate highway system in Oklahoma City that we don't have traffic congestion. You can actually get a speeding ticket during rush hour in the city. That's how great our traffic flows.
The interstate highway system was built to get people from point A to point B as fast as possible. And they knocked down mountains and filled valleys and made everything nice and big and flat, and they bypassed every town.
The gas tax has been the backbone of the transportation system since the inception of the Interstate highway system in the 1950s.
I think it [presidency of Dwight Eisenhower] came too late and I think that he is not on the wavelength of this dreadful time through which we're living.