This is the government’s job! President elect Obama has said he wants to revive the economy though a job creating public works plan on a scale unseen of since the building of the interstate highway system. I whole heartily endorse this!
He offered no price estimate for the plan or how the money might be divided or the effect on the country’s financial heath at a time when we are bailing out industries left and right, investment banks and autos at the writing of this blog.
Not just wanting to throw money at a problem, Obama said that “we will measure the 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 investment in our national infrastructure and said that state officials would LOOSE money 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 dollars with a federal share of $114.3 billion. The estimate covered only the mileage (42,795 miles) build under the interstate construction program. This construction began in 1956 under President Eisenhower.
More than 5,000 highway projects are ready to go if Congress will put up the needed $64.3 billion dollars. The American Association of State Highway and Transportation Officials, which put together the list, said the projects would provide needed construction jobs and reduce the backlog of roads and bridges in deep disrepair.
Larson note: I really like this! This single initiative is so powerful for not only jobs but for the very life and wellbeing of our Nation. Makes you (at least me) stop and say, what have the last 2 presidents been doing in the White House since the interstate system came to complication in 1991? Better roads mean better transpiration which means reduced shipping costs. And on top of that the States either more quickly and get their act together or Obama is shift the money and projects to places that want to get it done.
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