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Thread: Barack Obama outlines vast public works plan

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    Elite Member Belinda's Avatar
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    Default Barack Obama outlines vast public works plan

    CHICAGO (Dec. 6) - President-elect Barack Obama said Saturday he wants to revive the economy through a job-creating public works plan on a scale unseen since the building program of the interstate highway system in the 1950s.

    He offered no price estimate for the grand plan, how the money might be divided or the effect on the country's financial health at a time of burgeoning deficits.

    The ideas were outlined in the weekly radio address the day after the government reported that employers cut 533,000 jobs in November, the most in 34 years. They are part of a vision for a massive economy recovery plan Obama wants Congress to pass and have waiting on his desk when he takes office Jan. 20.

    The president-elect's address never once used the word "spend," relying instead on "invest" or "investments," and pledging wise stewardship of taxpayer money in upgrading roads and schools, and making public buildings more energy-efficient.

    "We won't just throw money at the problem," Obama said. "We'll measure progress by the reforms we make and the results we achieve — by the jobs we create, by the energy we save, by whether America is more competitive in the world."

    Obama said his plan would employ millions of people by "making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s." He said state officials would lose the federal dollars if they did not quickly use the money to repair highways and bridges.

    According to the Federal Highway Administration, a 1991 final estimate of the cost of the interstate system put it at $128.9 billion, with a federal share of $114.3 billion. The estimate covered only the mileage (42,795 miles) built under the interstate construction program. Construction of the system began in 1956 under President Dwight Eisenhower.

    More than 5,000 highway projects are ready to go today, state transportation officials say, if Congress will pony up $64.3 billion as part of an economic aid plan. The American Association of State Highway and Transportation Officials, which compiled the list, said the projects would provide jobs and help reduce a backlog of crumbling roads and bridges.

    A bipartisan group of governors recently met with Obama to press for some $136 billion in infrastructure projects in addition to money for health care costs.

    Obama Outlines Vast Public Works Plan

    It's hard to believe he won the election a little more than 30 days ago. It seems like January 20th is a long way off.


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    Elite Member msdeb's Avatar
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    i thought there was talk of another stimulus check. or was that another promise by the lovely GW
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    Elite Member celeb_2006's Avatar
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    I remember reading about how our infrastructure is crumbling like crazy, totally neglected these past few years. I think it's a good idea to keep people employed on meaningful projects like these, until the tide turns and the economy picks up again.

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    Elite Member louiswinthorpe111's Avatar
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    It's bascially a revamp of the New Deal, that FDR did to try and get us out of the Depression.

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