Thursday, November 6, 2008

Obama's stimulus plan: New Jobs

Whoever is chosen, we are about to see a strategic shift in US economic policy. Mr Obama's first stimulus package of $200bn will not be used to prop up middle-class spending. It will go on roads, bridges, ports, and the like, the start of a public works blitz to employ people and build things.

"Some 30pc of the 570,000 bridges in the US are unsafe," said Felix Rohatyn, former Lazard chief and now a Democrat elder, epitomised by the Minneapolis collapse in 2007. "We have a terrible infrastructure problem, which is unforgivable for the world's leading power. We have the potential for an economic relaunch similar to that of Roosevelt in the 1930s."

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3387659/Obama-will-bring-step-change-to-US-economic-policy.html

Would you rather have a $600 check or a new job?

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