2008-11-26 Stimulus: The stuff Obama would build
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| Date: | 2008-11-26 |
| Link: | http://money.cnn.com/2008/11/26/news/economy/obama_infrastructure/index.htm |
| Author: | Steve Hargreaves (writingscat) |
| Source: | CNN (articlescat) |
| Topics: | Barack Obama/transition US economy US government/spending |
| Categories: | Barack Obama/transition US economy US government/spending |
Stimulus: The stuff Obama would build
longer text
As part of a new, massive spending plan designed to jumpstart the economy, there's talk of spending hundreds of billions of dollars on new roads, bridges, trains, schools, power plants, transmission lines and energy-efficient homes.
Details on the plan are few. Numbers tossed around range anywhere from $300 billion to $700 billion, and include other measures aimed at stimulating the economy such as tax cuts and money for businesses.
On Monday, President-elect Barack Obama said the measures would be "creating and saving 2.5 million jobs - jobs rebuilding our crumbling roads and bridges, modernizing our schools, and creating the clean energy infrastructure of the twenty-first century."
[edit] shorter text
“The president-elect is proposing a massive project to overhaul the nation's infrastructure, but can it keep a deep recession at bay?”
