Paul Krugman and the rest of the Keynesian Brigade seen nodding in approval.
Via Washington Examiner:
President Obama on Wednesday will travel to Minnesota to push Congress to approve $302 billion-worth of infrastructure projects over the next four years, while outlining a new $600 million grant program to create jobs repairing roads, bridges and transit systems.
“This vision will show how we can invest in the things we need to grow and create jobs by closing unfair tax loopholes, lowering tax rates and making the system more fair,” the White House said, previewing the event.
Obama has already called for $150 billion in one-time funding for infrastructure projects, a request that made little headway on Capitol Hill. The White House and Republicans remain far apart on how to fix the nation’s crumbling roads, bridges and railways.