Drawing Ideas From Reformers, Obama Gets Behind 6-Year Transpo Plan

President Obama told reporters today that he’s committed to a six-year plan to rebuild 150,000 miles of roads, lay and maintain 4,000 miles of railways, restore 150 miles of runways, and create a national infrastructure bank.

President Obama, with other transportation leaders, calls for a 6-year infrastructure plan. ##http://www.ibtimes.com/articles/70744/20101011/infrastructure.htm##Reuters##
President Obama, with other transportation leaders, calls for a 6-year infrastructure plan. ##http://www.ibtimes.com/articles/70744/20101011/infrastructure.htm##Reuters##

He made his remarks after meeting with Transportation Secretary Ray LaHood, former Secretaries Samuel Skinner and Norman Mineta, L.A. Mayor Antonio Villaraigosa, Pennsylvania Governor Ed Rendell, and Treasury Secretary Tim Geithner. They all stood beside him as he spoke to the press.

The president’s remarks echo the promises he made on Labor Day, when he announced a $50 billion “down payment” on transportation and infrastructure spending. LaHood later told activists that the administration planned to get behind a six-year plan in February.

President Obama held up a report, released last week, from a conference chaired by Secretaries Skinner and Mineta, in which they laid out the dismal state of infrastructure in this country and the need for more funding. Obama said choosing whether or not to invest in infrastructure was “a choice between decline and prosperity.”

He also referred to a new report by the Department of the Treasury with the Council of Economic Advisers on the economic impact of infrastructure investment [PDF], emphasizing the significant return from projects that are rigorously analyzed and selected “rationally.” Noting that the average American family spends one-third more on transportation than on food, the report bolsters the administration’s strategy of investing in projects that give middle-class Americans options besides driving.

Obama’s comments — and those of the Democrats and Republicans who flanked him — underlined the traditional bipartisan support for infrastructure spending. With the elections looming, there hasn’t been bipartisan support for anything in Washington lately. They’re hoping that will change.

Perhaps as a hedge against Republican attacks, Obama emphasized that “it should not take another collapsing bridge or failing levee to shock us into action. So we’re already paying for our failure to act.”

With that one line, evoking the needless deaths in New Orleans and Minneapolis, he practically dared Republicans to oppose this plan on the basis that it involves too much spending.

The administration’s long-awaited transportation push is finally underway. We’ll have more analysis in the days ahead.

ALSO ON STREETSBLOG

President Obama’s Hollow Push for Infrastructure Investment

|
This afternoon, President Obama stood by New York’s Tappan Zee Bridge and made a speech pressing Congress to do something about infrastructure investment. It’s part of his Infrastructure Week push for Congress to pass a fully funded transportation reauthorization bill. Many other groups are spending this week sounding the same horn. “If they don’t act […]

Obama: “I Will Veto Any Bill” Without Tax Increases on the Wealthy

|
In a Rose Garden speech this morning, President Obama soundly rejected Republicans’ push to address the deficit exclusively through spending cuts with no tax increases. He was responding to House Speaker John Boehner, who said last week that tax increases were “off the table.” The outcome of the current deficit-cutting fight could have significant implications […]

Will Obama’s Transportation Jobs Plan Avoid Funding Sprawl?

|
USDOT has made public the breakdown of President Obama’s $50 billion plan to create jobs through transportation infrastructure investment. The administration says: “It will put people to work upgrading 150,000 miles of road, laying/maintaining 4,000 miles of train tracks, restoring 150 miles of runways, and putting in place a next-generation air-traffic control system that will […]

Good News and Bad News: Obama’s Plan Would Work, But GOP Won’t Pass It

|
This morning brought some useful indicators about the outlook for President Obama’s jobs bill. Good news first: Mark Zandi, chief economist at Moody’s Analytics, says President Obama’s job creation plan will likely add 1.9 million jobs, cut the unemployment rate by a percentage point, and grow the economy by 2 percent. The plan includes $50 billion for infrastructure, […]