President Obama Announces a Jobs Plan that falls short on infrastructure investment.
President Obama announced a nearly $450 billion jobs plan on September 8th that calls for $50 billion in immediate investments for highways, transit, rail and aviation. Like the American Recovery and Reinvestment Act, this jobs plan fails to invest a sufficient amount in the one area proven to create jobs and support the economy – infrastructure investment. That is only 11% of the total. Instead, the $450 billion could be more productively invested in a robust fully funded six year transportation bill that would provide immediate and stable jobs, and would support infrastructure that will encourage the long-term economic growth that this country needs.