Obama unveils $50B road, rail plan
Seeking to bolster the sluggish economy, President Barack Obama used a Labor Day appearance in Milwaukee to announce he will ask Congress for $50 billion to kick off a new infrastructure plan designed to expand and renew the nation’s roads, railways and runways.
House Republican leader John Boehner criticized the plan as "more of the same failed 'stimulus' spending" and said Obama's earlier effort didn't bring down unemployment.
This plan would build on the investments we have already made under the Recovery Act, create jobs for American workers to strengthen our economy now, and increase our nation’s growth and productivity in the future. At the same time, the plan would reform the way America currently invests in transportation, changing our focus to enhancing competition, innovation, performance, and real analysis that gets taxpayers the best bang for the buck, while moving away from the earmarks and formula debates of the past. In prior years, transportation infrastructure was an issue that both parties worked on together, and the Administration hopes the same can be true now.
• Expanding investments in areas like safety, environmental sustainability, economic competitiveness, and livability — helping to build communities where people have choices about how to travel, including options that reduce oil consumption, lower greenhouse gas emissions, and expand access to job opportunities and housing that’s affordable.
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