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Policy at water in the west. Matthew turner is professor of economics at brown who has written a bit about transportation. Dan wilson is at Federal Reserve bank in San Francisco and speaks only for himself and not for janet yellen or anybody else at the fed. And cliff linsen is our colleague here. I have asked each to say pretend we had a president of the United States who has a short attention span. And pretend that he ran for office saying i want to spend a lot more money on infrastructure. Pretend for a moment that this tax credit thing was something thought up and will never resurface again, what would you tell him about how to wisely spend the money . I asked each to give us the seven or eight minute spiel that they would give in the oval office and then we will have interaction. It is putting a lot of pressure on time to ask them to keep to that thing but make you do it. Maybe i can start with you because we havent talked about water at all. There has been a bit of focus on water

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