Transportation Policy

President Obama will deliver a speech on job creation this morning in Washington, but one tactic that has won over quite a few Democrats of late -- redirecting unspent money from last year's financial bailout to transportation -- may not be as possible as lawmakers had thought.

In an economic recovery report released today by New York Gov. David Paterson (D), the state broke down its plans for the estimated $31 billion it received as part of the Obama administration's first stimulus law.

Pennsylvania Gov. Ed Rendell (D), who is in Washington today continuing his push for a "front-loaded" federal transportation bill, told Streetsblog Capitol Hill that he sees momentum building for a National Infrastructure Bank (NIB) to be created as part of the jobs bill now moving forward in Congress.

The conservative "tea party" movement, last seen complaining about the government-funded local transit system that they took during an anti-government march in Washington D.C, is veering back to form in Florida with an organized protest against the state's proposal for broad new investments in rail transit.

During today's White House jobs summit, President Obama stopped into an infrastructure session where 21 representatives from business, labor, state and local governments, social equity groups, and think tanks were sharing ideas on how to maximize the benefit of transportation spending.

Senior Democrats in Congress are warming to a new two-year federal transportation bill as a vehicle for upwards of $100 billion in infrastructure spending aimed at job creation -- and a key player in building that momentum makes his home far from the Capitol.

On the issue of clean transportation, from transit to bike paths to clean water, few members of Congress are as knowledgeable or active as Rep. Earl Blumenauer (D-OR). Chief of the Congressional Bicycle Caucus and founder of the new Livable Communities Task Force, the Portland lawmaker is on the front lines of Washington's biggest infrastructure debates. Streetsblog Capitol Hill spoke with him yesterday about the prospects for transportation in the coming jobs bill, which he has said could be paid for in part with Wall Street bailout money. Below is a lightly edited transcript of the discussion.

As Democrats in both chambers of Congress work on drafting new economic recovery legislation, they now have a preliminary list of how much spending can be set in motion on short notice: $15 billion for transit projects and $48 billion for highway projects.

The independent Congressional Budget Office (CBO) released an economic analysis of the Obama administration's stimulus law this week, and one chart in particular (see below right, or a larger version here) is getting a lot of attention from bloggers, including Ezra Klein and Ryan Avent.