President Obama will be in Milwaukee today at a Labor Day rally where he will announce a six-year infrastructure job plan.
The Obama administration is working overtime to assure Americans that the recession is the worst in 70 years and that the government will clear a pathway to more American jobs in the short term.
Obama's long-term proposal will depend on Congressional cooperation to fund the proposed $50 billion infrastructure job plan. The initial investment will go toward rebuilding runways, highways, roads, and railways. Obama’s obstacle, however, is that Democrats are expected losers in important congressional races in November.
Barack Obama's new job plan to create jobs "immediately
The infrastructure job plan will “create jobs immediately” and rebuild 150,000 miles of road; build and maintain 4,000 miles of rail; and rehabilitate or reconstruct runways. It will also modernize the air traffic control system.
In the past, money spent on infrastructure job plans and projects were allocated according to geographic regions and politics. With the proposed new plan, an infrastructure bank will be created that would “leverage private, state, and local capital” to invest in worthwhile projects that will help build and stabilize the national economy.
The infrastructure job plan investments are said to be one part of a package of economic plans and proposals that the White House will reveal today in efforts to jump-start the economy before November elections.
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