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Obama to Call for $50 Billion Spending for Infrastructure
By THE ASSOCIATED PRESS
Filed at 8:33 a.m. ET

WASHINGTON (AP) -- 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 runways that would cost at least $50 billion.

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, the White House said spending would be front-loaded with an initial $50 billion to help create jobs in the near future.

The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.

Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects.

Administration officials wouldn't say what the total cost of the infrastructure investments would be, but did say the initial $50 billion represents a significant percentage. Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.

Obama made infrastructure investments a central part of the $814 billion stimulus Congress passed last year, but with that spending winding down, the economy's growth has slowed. Officials said this infrastructure package differs from the stimulus because it's aimed at long-term growth, while still focusing on creating jobs in the short-term.

In a Labor Day interview on CBS' ''Early Show,'' Labor Secretary Hilda Solis said the plan Obama was to unveil Monday would ''put construction workers, welders, electricians back to work ... folks that have been unemployed for a long time.''........................>>>>..................>>>>...................http://www.nytimes.com/aponline/2010/09/06/us/politics/AP-US-Obama-Economy.html?_r=1&hp

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rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.

I wonder if that'll be at the John Murtha Airport again.

WHOA!    

Am I reading the date of the message correctly?   It seems to say it was posted an hour or so ago, but that has to be some kind of magic by Admin.  

I'd say this post is from 2009

ROFL

Quoted from mikechristine1

WHOA!    

Am I reading the date of the message correctly?   It seems to say it was posted an hour or so ago, but that has to be some kind of magic by Admin.  

I'd say this post is from 2009

ROFL

I thought it was his speech from yesterday.......????

Quoted from senders

I thought it was his speech from yesterday.......????

It was! And identical from over a year ago!!! But the majority is not buying it this time. But it will be pure entertainment to watch pelosi try to push this one through. Hope her face doesn't crack!

I haven't seen Pelosi in a long time.....I think the party realizes how irritating she is......she has 'mommy syndrome' written all over her face and in all
of her speeches....no wonder there are 30somethings still living at home........