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Officials: Obama to back infrastructure spending

Virginian-Pilot, by JULIE PACE

Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation’s roads, railways and airports that would cost at least $50 billion, administration officials said.

The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in hopes of jump-starting the economy ahead of the November election. Obama will outline the infrastructure proposal Monday at a Labor Day event in Milwaukee.

While the proposal calls for investments over six years, officials said spending would be front-loaded with an initial $50 billion to help create jobs in the near future. The officials spoke on the condition of anonymity to discuss the proposals ahead of the president’s announcement.


Posted by: Sammy on 09/06/10 at 06:21 AM
    Page 1 of 1 pages
  • 1. · This is really getting infuriating...at least to me.

    THIS is what the $780 Billion Stimulus bill was supposed to be about...but it wasn't.

    NOW we are getting all the programs that should have been done 18 months ago!! New mortgage relief programs...new infrastructrure programs...new small business programs...where the hell were these ideas when they were so sorely needed!!

    Comment by shadowdiver  on  09/06/10  at  03:03 PM | [Back to Top] | [Back to Main]
  • 2. · This is just one way to "collapse the system" per Cloward and Piven....

    Comment by cheryl  on  09/07/10  at  09:25 AM | [Back to Top] | [Back to Main]
  • 3. · the Keynesians have been saying all along not enough $$ was spent.

    the only thing i can say i'm surprised about with respect to this is that we aren't spending more.

    Comment by xcitor  on  09/07/10  at  09:55 AM | [Back to Top] | [Back to Main]
  • 4. · Imagine, if you can, how much farther along the recovery might be had the gov't created a stimulative stimulus package!


    X...I read something over the weekend that said the stimulus should have been $1.2 trillion. That math is above my paygrade...but it sure seems like what was done was sorely insufficient.

    Comment by shadowdiver  on  09/07/10  at  02:34 PM | [Back to Top] | [Back to Main]
    • Page 1 of 1 pages

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