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infrastructure spending
Obama's SOTU Bargain: Cut Government to Do More With Government
By David Corn - Politics DailyIs President Obama a fierce down-sizer of government, or an ardent champion of boosting government investment in the economy? Well, he's both. In his second State of the Union speech, delivered Tuesday night, Obama trotted the tight wire. To show he's a mighty crusader against deficits, he declared he would impose a five-year freeze on non-security discretionary spending. And to show he's (still) the rescuer of the U.S. economy, he proclaimed he wants to spend billions on -- that is, invest in -- innovative technology (such as clean energy), infrastructure (including high-speed rail and ...
White House Wants Billions for the Economy -- But Don't Call It a Stimulus
By Alex Wagner - Politics DailyWith a majority of Americans critical of the president's handling of the economy, most of the public disapproving of the direction in which the country is headed, and looming midterm elections that threaten to be a bloodbath for Democrats, the White House is under extreme pressure to do more to get the ailing national economy back on its feet. So this week, the Obama administration unveils three measures aimed at jump-starting job creation and helping businesses -- or at least blunting criticism that the president has not done enough and that his course of action has been the wrong one. ...
Obama Hopes to Build Roads, Runways and Jobs
By Joseph Schuman - AOL News(Sept. 6) -- President Barack Obama made a Labor Day pitch for some $50 billion in new road, rail and airport construction projects with a plan that aims to overhaul national infrastructure spending and jump-start job creation, as well as a campaign season slap at Republicans he accused of obstructing both those goals. In a speech at an annual holiday festival in Milwaukee, Obama fired up a crowd of union members and their families by outlining an ambitious plan to construct 150,000 miles of new roads, a network of high-speed rail lines and what the White House billed as a next-generation ...
Obama to Back $50B in Infrastructure Spending
By not in system - AOL NewsWASHINGTON (Sept. 6) -- President Barack Obama is asking Congress to approve at least $50 billion in long-term spending in the nation's roads, railways and runways in a pre-election effort to show he's trying to stimulate the sputtering economy. The infrastructure spending is part of a package of targeted proposals the White House announced on Monday. With November's elections for control of Congress approaching, Obama planned to discuss the proposal later Monday at a Labor Day event in Milwaukee. The proposals would require congressional approval, which is highly uncertain with many ...
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