Today’s Headlines

  • NYU professor Roubini, who publicly predicted the foreclosure crisis, says 11% unemployment will linger for years without more infrastructure stimulus spending (Daily News)
  • Federal government strikes down Boston’s attempt to reroute hazardous trucking cargo around the center city (Globe)
  • General Electric looks forward to riding the infrastructure stimulus gravy train — though some analysts say GE’s optimism may be misguided (WSJ)
  • General Motors sees the upside in a $1.1 billion third-quarter loss (NYT)
  • Prospects for a gas tax increase to fund Virginia transportation projects appears dead in the wake of GOP Gov.-elect Bob McDonnell’s recent victory (WTOP)
  • With friends like these…? Sen. Byrd (D-WV), who has earmarked more than $350 million for an Appalachian highway to be named after himself, urges the White House to pass a new long-term transport bill (Byrd Press)
  • Minnesotans christen their second rail transit line, the Northstar (MinnPost)

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The Footnote to All Those Complaints About Tax Cuts as Stimulus

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