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Obama to Announce $50 Billion Infrastructure Plan

Via Reuters:
WASHINGTON, Sept 6 (Reuters) – U.S. President Barack Obama will announce on Monday a six-year plan to revamp the United States’ road, railways and runways with a $50 billion up-front investment to jump-start job creation, the White House said. The plan is one of several several economic initiatives that Obama is due to unveil this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in Nov. 2 congressional elections. Struggling to persuade Americans that his economic policies are working, Obama will use appearances in Milwaukee and Cleveland this week to set the tone for the fall campaign. The argument he will make on the trips and a rare White House news conference is this: Democratic policies have stopped the bleeding and produced some economic growth. Yes, more needs to be done, but Republicans would bring back ideas, he will argue, that propelled the country into the deepest recession in 70 years.

I love the line about "immediate" jobs. Yeah, right. Just as soon as the five-year environmental impact study is completed. - Greg Pollowitz


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