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In order to have an impact on the American Recovery and Reinvestment bill, the American Society of Civil Engineers (ASCE) released its 2009 Report Card for America's Infrastructure. Still, as the bill goes through Congress, little has been done to ensure that proper oversight will be applied to the funds devoted to spending.
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America lost 524,000 jobs in December. The unemployment rate, at the same time, is at a 16-year-high of 7.2 percent, the Bureau of Labor Statistics reported. There are currently 11.1 million unemployed throughout the country, which is nearly double the number out of work at the start of the economic recession a year ago. President Barack Obama has promised to sustain Americans in these hard times with an $825 billion economic stimulus package – the American Recovery and Reinvestment Bill of 2009.
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Transit funding has taken a big hit in the House version of the stimulus bill, and yesterday some bloggers were speculating that it was because House Transportation and Infrastructure Chairman James Oberstar (D., MN) had rolled over and allowed the money to go to tax cuts instead. But, the situation may not be as bad as it looks –- yet.
(4 votes) Loading ...Following his election last November, then President-elect Barack Obama continually advocated for federal spending on infrastructure projects to stimulate the depressed economy and, at the same time, to not just rebuild America’s failing infrastructure but to also establish a Twenty-First Century country.
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The confirmation of President-elect Barack Obama's nominee for Transportation Secretary was delayed just before the hearing was to begin. Former Congressman Ray LaHood (R., IL) had his confirmation hearing postponed until at least next week as the Senate Commerce Committee is still waiting to get some background paperwork from the President-elect’s transition team – information that is traditionally provided on nominees.
(1 votes) Loading ...Blueprint America: The Big Fix, with host David Brancaccio (NOW on PBS), includes a special one-on-one discussion between Brancaccio and Paul Krugman to examine whether Washington’s recent announcements are a panacea for the economy, or potentially, just more bridges to nowhere.
(No Ratings Yet) Loading ...In a Blueprint America special, David Brancaccio (NOW on PBS) interviews Nobel Laureate and The New York Times columnist Paul Krugman about President-elect Barack Obama's proposed stimulus package - how government spending on infrastructure projects will impact America's economy in these hard times.
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Blueprint America -- with host David Brancaccio (NOW on PBS) -- interviews economist Paul Krugman on the effect a stimulus in infrastructure spending will have on the American economy.
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The upcoming Blueprint America special, The Big Fix, will include an interview with The New York Times op-ed columnist and recent Nobel laureate. Take a look at what he and others have had to say on how infrastructure spending will impact the economy.
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President-elect Barack Obama is set to announce Rep. Ray LaHood, Republican of Illinois, as his choice for transportation secretary. The moderate-Republican will be nominated to lead a department that will oversee much of the vast public works programs proposed by the President-elect intended to stimulate the economy.
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