Yup 50 billion, that would create between 1 million and 1.25 million jobs, at a time when U6 is at 14.4%. With a civilian workforce of 154 million, there are 22.1 million people looking for full time year round work according to the U6 metric. The Reality is U6 doesn't count everyone. 28 million without jobs is a bit more realistic.
From 1934 forward, New Deal policy was to spend 5 to 6% of GDP on infrastructure, the EU and India spend 5-6% on infrastructure. In 2011 we spent 1.3% of GDP. 50 billion is about one twentieth of whats actually needed.
Attracting private investment through a “Rebuild America Partnership.”I think that speaks for itself.
The President’s plan will bring together an array of new and existing policies all aimed at enhancing the role of private capital in U.S. infrastructure investment as a vital additive to the traditional roles of federal, state, and local governments:
the President’s proposed investments could bring almost 80 percent of structurally deficient bridges up to dateCant blame the GOP for not fixing 100% of structurally deficient bridges, maybe we can negotiate for more money to bring that up to 100%?
In addition, the Obama Administration has made an unprecedented commitment to strengthen public transportation across the United States, investing in more than 350 miles of new railAfter 4 years of recession, the WH wants to brag about 350 miles of new rail lines?
When are we as a country, with our leadership, going to acknowledge the scale of the problems and discuss solutions that match the scale of the problems?
A Magnet? Give me a break.