Tuesday, February 3, 2009

Only 5 percent of $819b plan would go toward infrastructure

WASHINGTON - Five weeks before becoming president, Barack Obama urged passage of a massive economic stimulus package, vowing that it would "create millions of jobs by making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s." But the bill passed by the House dedicates only about 5 percent of the $819 billion measure to highway, mass transit, and rail projects, analysts said.

[and almost half of the can't be started within the 18-month timeframe quoted as necessary to 'stimulus' {hence the 3% figure you'll hear}]

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