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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 02:54 PM
Original message
These Two Economic Stimulus Plans Could Pull Us Out Of "The Great Recession"
Bold actions are required. If the Obama administration doesn't act soon in a bold and dramatic way, the only thing that can be assured is a Republican take over of Congress and the White House in 2012 with an even more reactionary right-wing ticket than McCain/Palin in 2008!

And don't worry about getting 60 votes in the Senate. It just won't happen with any legislation that is bold and will do the job. The Obama administration and Democratic leaders in the Senate will have to challenge the Republicans to engage in real filibusters (not the phantom fake ones they presently use) against a viable stimulus plan until 60 votes are obtained to end debate or simply change Senate rules in accordance with the U.S. Constitution in which only 51 votes are required to pass legislation or approve Presidential nominations.

We need a new stimulus/recovery plan that will jolt the economy and actually create many useful jobs in the next two years. The initial stimulus plan is puny and devote only a small portion of funds, about 100 billion a year to schools and infrastructure over the next two years. Most of the "stimulus" won't be spent until after 2010.

The following two recovery plans would do the job.

The first is: "America's Mayors Report to the Nation on Projects to Strengthen Metro Economies and Create Jobs Now".

This "Ready to Go" Public Works Plan Will Cost 149 Billion And Create 1.6 Million useful public works Jobs in 2 Years

The Republican and Democratic mayors released a report on January 17, 2009. It lists 18,750 local infrastructure projects in 779 cities costing 149 billion dollars that will create 1.6 million jobs. All of these projects can be quickly started and be completed by the end of 2010!

Find out exactly what "shovel ready" stimulus projects are ready to be built in your city, how many jobs would be created and how much they would cost under this plan.

It's in PDF format.

Go here and download the plan:

http://www.4shared.com/file/147551660/f03526b5/mser-report-200901.html

-------------------------------



Press Release

AIA Develops Plan to Stimulate Economy and Create 1.6 Million Jobs In Building Sector
Recommendations Call for Funds for the Planning and Design of Energy Efficient Construction Projects


For immediate release:

Washington, D.C. – January 14, 2009 – The American Institute of Architects (AIA) semi-annual Consensus Construction Forecast projects an 11 percent decline in design and construction activity in 2009. To revitalize the building sector, which accounts for about one in every ten dollars of the United States GDP, the AIA developed the Rebuild and Renew Plan, which details its recommendations for the allocation of funds in President-elect Obama’s economic recovery plan. The AIA is calling on the new administration and Congress to create policies that ensure these monies are spent on the planning, design and construction of energy efficient, sustainable buildings and healthy communities that are advantageous for both the environment and economy. If implemented correctly, the nearly $100 billion plan would create 1.6 million jobs throughout the design and construction industry.

Recent reports estimate that the economic recovery package may total as much as $800 billion, with at least $350 billion dedicated to infrastructure projects. However, the AIA’s recommendations call for longer planning and design periods for projects to help ensure that they are carried out in the most effective, cost-efficient manner and that funds are not poorly spent due to the projects being hastily planned and executed. Providing funding for projects across 24 months will ensure a steady stream of funds for job creation over the likely life of the recession.

“President-elect Obama’s economic recovery package provides us with the opportunity to leave a lasting imprint on our built environment with projects that improve the safety of the existing infrastructure and increase energy efficiency, so long as these projects are undertaken with the utmost attention to smart design and planning,” said Christine McEntee, Executive Vice President and CEO of the AIA. “The Rebuild and Renew plan has garnered significant interest from the transition team and key Congressional leaders, and outlines initiatives to build better, safer and healthier communities while creating jobs and stimulating economic growth nationwide that can lead to long-term economic vitality.”

The plan is comprised of five key policy areas for immediate attention: 21st century schools; green commercial, residential and institutional buildings; historic preservation projects; transit, mixed use development and complete streets projects; and tax relief for businesses. Highlights from the plan include:

21st Century Schools – As the costs of energy and construction materials continue to increase and budgets get tighter, education agencies are further delaying or canceling major projects to repair and modernize school buildings. The AIA is calling for the federal government to invest $25 billion in districts across the country to repair, modernize and green school buildings. Additionally, it is proposing $700 million for pilot programs that would provide grants for the development of model school campuses that support 21st century teaching and learning in the each region of the country. This proposal would create more than 445,000 jobs across the industry.

Green Buildings - The current economic crisis presents an opportunity to build better public, residential and commercial architectural designs. This requires investing in the types of full-scale retrofits that can significantly reduce a building’s carbon footprint. The AIA is calling for the federal government to provide $30 billion for energy efficiency upgrades and modernization for federal, state and local public buildings; residential, commercial, industrial and healthcare facilities; and green affordable housing. Appropriating these funds would result in the creation of 430,000 jobs. In addition, the AIA is calling for increasing the size of the energy efficient commercial buildings tax deduction from $1.80 per square foot to $3.00 per square foot and this recommendation was just endorsed by the Environment America Research & Policy Center.

Transit and Livable Communities - A lack of investment in our infrastructure system since the New Deal has limited economic growth and jeopardized the safety of American citizens. As Congress prepares to create legislation that stimulates the economy the AIA believes that it is important to invest at least $12 billion for transit facilities and operations, since they greatly enhance the economic development, sustainability, safety and livability of communities. Funding for transit-oriented projects will create compact, walkable communities that mix housing, retail, office space and other amenities around high quality train systems and create approximately 375,000 jobs for the building and construction industry.

Historic Preservation Projects – The preservation of historic buildings already in the development phase will create more work for the building industry and generate positive economic returns in the communities surrounding them. The plan calls for the appropriation of at least at least $30 million to the under-funded Save America’s Treasure program for bricks-and-mortar preservation projects. The plan also calls for another $100 million in grants to be provided through the State Historic Preservation Officers and Tribal Historic Preservation Officers for non-federal public and nonprofit historic sites.

Tax Relief for Businesses – By accelerating the depreciation of energy-efficient heating, ventilation, air conditioning, or commercial refrigeration property installed in nonresidential property or residential rental property, businesses of all sizes would be able to improve their operations, reduce costs and reduce energy consumption. The AIA is also calling for elimination of a requirement that businesses that perform government work have three percent of their payments withheld.

For more information on the AIA’s Rebuild and Renew plan, or to download the full report, please visit:
http://www.aia.org/advocacy/federal/AIAS078578



About The American Institute of Architects
For over 150 years, members of the American Institute of Architects have worked with each other and their communities to create more valuable, healthy, secure, and sustainable buildings and cityscapes. By using sustainable design practices, materials, and techniques, AIA architects are uniquely poised to provide the leadership and guidance needed to provide solutions to address climate change. AIA architects walk the walk on sustainable design.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 03:03 PM
Response to Original message
1. The economy is improving, the jobs will follow
the worst thing we could do is borrow even more money, that's why the dollar is in free-fall. Besides that you can't pass another Stimulus bill.
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 03:08 PM
Response to Reply #1
2. Right .... the economy is improving by leaps and bounds .... just ask anyone on Wall Street
Edited on Mon Nov-16-09 03:10 PM by Better Believe It
So the Democrats run Congress and the White House but can't get the economy moving again with a powerful job creation plan?

If that's true, what do you think their election prospects are in 2010 and 2012?

Read what Herbert and Roubini have just written and get back to me. Or critique them.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 03:15 PM
Response to Reply #2
3. You can't pass another stimulus plan
we are already in debt up to our necks. You had the chance with the first stimulus and little money went to infrastructure after Congress was done with it. Retail sales were up last month and the jobs report has steadily improved since January.
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Sinti Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 03:21 PM
Response to Reply #3
4. I agree you probably can't pass another bill
and don't really need to, to fix the problem. It's systemic, throwing money after it won't help - it's like putting a little band aid on a bleeding jugular. But, I'm not sure what you mean by the jobs report - have you seen this:
http://cohort11.americanobserver.net/latoyaegwuekwe/multimediafinal.html

Which I only saw because of this thread.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7026640
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 03:34 PM
Response to Reply #4
5. It's a recession, that's what happens people loose jobs
The monthly job loss has steadily declined since January 2009. You watch as soon as we start adding jobs the Fed will be worrying about inflation and raise the interest rates. I've seen that for years when the unemployment rate goes down Wall Street gets worried about labor shortages and wage inflation. The capitalist system is set up to have a 4 or 5% permanent unemployment to keep wages down. I swear people on DU are worst than the Republicans in predicting gloom and doom.
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 03:47 PM
Response to Reply #5
6. This is not your "normal" recession. You've never seen or experienced this before.

This is different. We almost had a total collapse of the entire financial system and you think this is a normal capitalist cycle?
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 07:25 PM
Response to Reply #6
9. The recession of the early 80's was just as
bad IMO. I was laid off back then for over a year and never returned to my former job for 3 1/2 years. Don't they say the unemployment is the worst we have had in 26 years? Yes we almost had a total collapse of the entire financial system and I think we were damn lucky it isn't much worse.
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 11:25 PM
Response to Reply #9
14. The Reagan recession was deliberately caused in order to "wring" inflation out of the economy.

The economy did not crash. This "Great Recession" is totally different.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-17-09 10:35 AM
Response to Reply #14
15. The heck it didn't crash I was a victim of it
I was laid off for a year and after being called back I worked the lowest paying labor jobs in the steel mill for another 2 1/2 years. The economy was so slow we went from a 24/7 three blast furnace operation at the mill down to running just one 5 days a week. Out of a plant with about 5000 employees at the time we went down to a few hundred. The company also filed for bankruptcy in 1983 and the pension I had was dumped on the PBGC. Yes it was deliberately caused to wring out inflation and most of all to break Unions.
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vaberella Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-17-09 11:44 AM
Response to Reply #14
16. You didn't live in New York during the Reagan era did you?
New York's history in relation to what Reagan did was a nightmare. New York was in economic upheavel in the 70s, got out of it sort of and then when Reagan came in...it caused another economic upheavel.

http://www.huffingtonpost.com/hale-stewart/ronald-reagan-fiscal-dis_b_82370.html

He didn't try to "wring" inflation out of the economy, he had no clue what the hell he was doing.

http://www.nytimes.com/2009/06/01/opinion/01krugman.html

New York's homeless level rose exponentially because of that guy. Currently, we haven't reached nearly this high since REAGAN!!!
http://www.huffingtonpost.com/paul-abrams/pop-quiz-under-reagan-wha_b_341348.html
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-17-09 04:54 PM
Response to Reply #16
17. All credible economists recognize that the recession was planned and deliberate ....

in order to curb price inflation and higher wage demands by workers.

No serious economist disputes that.

It's been fully documented.

CASE CLOSED.

Of course, it was done on the backs of working class people. Nothing new there!

So what's your point?
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Sinti Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 03:52 PM
Response to Reply #5
8. "4 or 5% permanent unemployment to keep wages down"
I don't find this acceptable, personally. In fact, I think it's somewhat criminal, denying a man the right to survive - but that's a different story. Unemployment is not down yet - in my job I listen to C-levels talk all day about the future, so I have a kind of tilted view of the world. They expect lower wages and fewer jobs to be a permanent thing. They call it the "new normal." There hasn't been a raise in my business since 1982, in plain dollars not adjusted for anything, so it's not new for me, just normal.

"I swear people on DU are worst than the Republicans in predicting gloom and doom. " - I hope you're not talking about me, and I'm going to assume you're not :) I'm not predicting anything, because as a huge mass of human beings against a tiny group of confused and greedy human beings I think we will win, if we ever get it together.
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 07:33 PM
Response to Reply #8
10. The 4 or 5% unemployment figure is not
my idea and I don't agree with it. But I have heard Allan Greenspan say on many occasions when we get down to 4% unemployment or so that he is worried about wage inflation. So he would raise the Prime rates to slow the economy down. That's how he got the title of the maestro he was credited with keeping inflation down and the economy going. Of course now we find he was full of crap all along.
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Sinti Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 08:11 PM
Response to Reply #10
13. **grin** and he admitted it in front of everyone just once.
It was probably his crush on Ayn Rand that muddled his mind into thinking that way :)

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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 03:49 PM
Response to Reply #3
7. Perhaps you've been watching and paying attention to the talking heads on CNBC too much.

It sounds more like your repeating a Republican talking point against a second stimulus.
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-18-09 12:39 PM
Response to Reply #2
20. the first stimulous is largely unspent. give it time.
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branders seine Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 07:34 PM
Response to Reply #1
11. hahahahahaha . . . hahahahahaha!
hahahahahahahaha!
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depakid Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-16-09 07:36 PM
Response to Original message
12. I see that some still have their heads in the sand
Making stupid arguments like the one's that FDR listened to in 1937.

It's as if Teabaggers and Republicans have gotten into their blood through osmosis.

Probably too late, though. As Krugman and other predicted, Congress lacks the rationality and the will and Obama lacks the political capital.

Considering what the economy's up for in the next 11 months, I'm looking to big losses on the Democratic aisle in 2010. And given their performance and inability to respond to problems with anything other than watered down half measures- one has to say they deserve them.

The bright side of course is that many of those causing the difficulties with legislation will be the one's losing their seats. Say goodbye to 20-30 Blue dogs and Harry Reid- and perhaps more.



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valleywine Donating Member (49 posts) Send PM | Profile | Ignore Tue Nov-17-09 05:25 PM
Response to Reply #12
18. "Obama lacks the political capital." How about him just using some!!
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Better Believe It Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Nov-17-09 11:18 PM
Response to Original message
19. $500 Billion stimulus plan to upgrade railroads, mass transit, highways hits federal pothole

An earlier article and an update on the transportation bill. Now this is a serious and useful job stimulus plan! 6 million jobs! Unfortunately the links to the first two stories are no longer working.

--------------------------


500 billion plan to upgrade U.S. transportation hits federal pothole
By SCOTT SMITH
Scott Smith is director of strategic initiatives for HNTB Corporation
KansasCity.com
July 13, 2009

Our roads, highways and bridges are crumbling under the strain of overuse and old age.

But a comprehensive solution may have encountered a bottleneck that will postpone for 18 months or longer a push to correct the sorry state of our surface transportation system. Delay is something we can no longer afford ....

We find ourselves in this predicament because we have not had a national transportation plan since the interstate highway system was launched in 1956.

U.S. Rep. James Oberstar, a Minnesota Democrat and chairman of the House Committee on Transportation and Infrastructure, addressed these huge needs by introducing the Surface Transportation Authorization Act of 2009. Oberstar proposes spending $500 billion over the next six years to transform our antiquated system into the reliable, sophisticated network we need to safely and efficiently move people and goods.

The legislation would provide approximately:

•$337 billion for highway construction, including at least $100 billion to begin long-awaited repairs to our national highway system and bridges.

•$100 billion for mass transit, including $12 billion for repairs.

•$50 billion to fund 11 high-speed rail corridors linking major metropolitan areas.

The total investment would create or sustain about 6 million family-wage jobs, many here in the Midwest as our region continues to grow in importance as a transportation hub.

Unfortunately, Oberstar’s bill has collided with a proposal put forth by Transportation Secretary Ray LaHood. The secretary wants Congress to pass an 18-month highway authorization bill that would put off a comprehensive, long-term solution and instead perpetuate a piecemeal mix of half-measures and temporary remedies for our nation’s transportation woes.

This collision need not turn into a pileup — if we make the right choice. Oberstar’s approach is the right way to go.


-------------------------------------

Will Oberstar’s Grand Highway Plan Stall?
By Colby Itkowitz, CQ Staff
June 27, 2009

Oberstar recently made public the outline of an authorization bill for the government’s highway and transit programs that he hopes will be the capstone of his long legislative career: a six-year, $450 billion package he describes as rivaling President Dwight D. Eisenhower’s creation of the Interstate Highway System more than a half-century ago.

The approximately 800-page draft measure that Oberstar has been refining for months envisions an ambitious overhaul, consolidating more than 100 individual federal programs into four broad categories, while pumping billions of dollars into new highway and high-speed rail projects. Most significant, it would require that federal money be spent to achieve specific goals and measures — cutting congestion in a city by a particular amount, for example — rather than distributing it only by formula among states or through congressional earmarks.

This moment, which is the apex of his political career, could not have come at a worse time for a chairman who puts such a high value on policy purity and such a relatively low value on political posturing. It’s been clear for months that President Obama and Oberstar’s fellow Democrats who are higher up in the congressional power structure are in no hurry to tackle a multi-year highway and transit bill, because they would have to find a way to pay for it — and the White House has said a flat “no” to the notion of raising the gasoline tax, even temporarily, as Oberstar has proposed.

In fact, no sooner had Oberstar arranged to release an outline of his proposal than Transportation Secretary Ray LaHood went to Capitol Hill to reveal the administration’s own plan: an 18-month extension of current programs combined with a few of Obama’s favorite ideas — nothing like the full-blown overhaul of which Oberstar dreams.

“They cut the legs out from under him,” said the top Republican on Oberstar’s committee, John L. Mica of Florida.

It’s not that Oberstar wasn’t warned about how difficult it would be. At the very outset of this Congress, his party’s leaders sharply limited his role in assembling the economic stimulus bill (PL 111-5), which Oberstar and others thought was tailor-made for financing transportation projects that could quickly put people to work. He had written his own proposal and held hearings, gathering testimony from economists and from state and local leaders who vowed that investments in transportation infrastructure were the greatest short-term stimulus. But as the measure grew, Oberstar was edged out, and transportation became just a sliver in the overall package.

Obama, congressional leaders and governors no doubt agree with Oberstar that the nation’s road and rail networks are in desperate need of repair and expansion. But persuading them to pay for it is another matter.


------------------------------------

W.H. feels pressure on jobs, spending
By David Rogers
November 6, 2009

Caught between Tuesday’s election results and Friday’s unemployment numbers, the White House faces increased pressure to slow spending next year but also to produce more Main Street jobs to match Wall Street’s recovery.

.... the future of the highway program, hurt by a drop-off in gasoline tax revenues, remains a bone of contention.

The White House has said it wants to extend the current program only through the 2010 elections and then address increased funding. But 15 states are already so short of cash they can’t meet their 20 percent matching requirement. And that number could double next year — greatly reducing the chance to let contracts and create jobs.

House Transportation and Infrastructure Committee Chairman James Oberstar (D-Minn.) has argued for an upfront investment of $80 billion over two years to get over this hurdle.

“The concrete is cracking,” Oberstar said, laughing, hinting that the administration’s resistance is weakening. And though he denies any role in the discussions, White House chief of staff Rahm Emanuel keeps popping up in conversations, drawn into the fray through his ties to old House colleagues, seen in the gym or at dinner.

House Majority Whip Jim Clyburn is most insistent on action requiring some give from the White House.

“I’ve told the administration, I don’t care who says it, that is absolutely wrongheaded,” the South Carolina Democrat told POLITICO. “We have to reauthorize that highway bill for at least four years. I would prefer five or six,” Clyburn said, even if it meant imposing a securities transaction tax on the financial community to cover the costs.

“There are some painless ways to fund the highway bill,” Clyburn said. “Transaction taxes, that’s a painless way; that’s a painless way.”

“Where are the shared contributions to all this? If you’re sitting there on Wall Street, if you’re Goldman Sachs, if you’re making all this money, if you got all this federal money bailout, and you are paying all these big bonuses to your folks, where is your contribution to this recovery? That’s why it’s painless.”

Please read the complete article at:

http://www.politico.com/news/stories/1109/29225.html

-----------------------------------------

‘The Concrete is Cracking’: Front-Loaded New Transport Bill Gains Steam
By Elana Schor
November 6, 2009

With the U.S. unemployment rate hitting 10.2 percent today, its highest level in 26 years, a palpable shift is occurring on Capitol Hill.

For weeks, we've heard senior Democrats and the transit industry make the case for more transportation spending as a potent job creator, but the lack of funding for a full six-year bill has kept the conversation stalled.

But two things have happened in the week since Senate Majority Whip Dick Durbin (D-IL) floated the idea of a "front-loaded" infrastructure plan that would concentrate investment in the first two years:

The defeat of two Democratic candidates in Tuesday's off-year elections reinforced that job creation and economic worries are the No. 1 concerns for voters. Gross domestic product may be rebounding, but unemployment decidedly is not.

This adds up to renewed interest in fast-tracking a new transportation bill, perhaps with a two-year window. As House transport committee chairman Jim Oberstar (D-MN) told David Rogers of Politico, "The concrete is cracking."

But even if the White House is prepared to abandon its insistence on an 18-month extension of current law, how to pay for new transportation legislation remains a very open question. House Majority Whip James Clyburn (D-SC), for his part, told Rogers that he likes the sound of Rep. Pete DeFazio's (D-OR) proposed tax on Wall Street oil speculators:

Clyburn's reference to the "highway" bill brings up another lingering mystery about the type of transportation spending being envisioned by senior Democrats. If the White House does agree to support a new infrastructure bill after health care is finished, will it include policy changes or just new money?

Because, as Clyburn inadvertently acknowledges, simply adding more money to the framework of the 2005 infrastructure law would help highways but do little to move the nation towards a more rational mix of transit and roads. Oberstar's pending six-year bill, by contrast, would institute an array of reforms, cutting 75 funding categories from the current system and allowing more "flex-ing" of road money for use on transit.

If a front-loaded bill is passed with some of the policy changes offered by Oberstar, job creation and a more accountable national transportation system could start moving hand-in-hand. If a front-loaded bill is passed but scrubbed of any substantive reform, jobs may be created but voters will still be sitting in traffic.

Read the complete article at:

http://dc.streetsblog.org/2009/11/06/the-concrete-is-cracking-front-loaded-new-transport-bill-gains-steam/

----------------------------------

Earlier this year, House Transportation and Infrastructure Committee Chairman James L. Oberstar drafted six-year, $500 billion bill introduced as a successor to SAFETEA-LU. Oberstar's plan-with a vision for a National Transportation Strategic Plan that is international in nature and national in scope-is at a standstill due to lack of sufficient funding mechanisms.

House Transportation and Infrastructure Committee Spokesman Jim Berard told LM that between now and the second continuing resolution deadline of December 18, a few different things may happen. One may be moving to a long-term bill and another may be coming to an agreement on another extension on an indeterminate amount of time.

"Chairman Oberstar would like to see the long-term bill move and be on the House floor by Christmas, but we are still in a holding pattern to due health care," said Berard. "And the Ways and Means Committee on the House side has to mark up the revenue title of the bill before we can even bring it to the House floor."

http://www.logisticsmgmt.com/article/367098-Transportation_infrastructure_Surface_transportation_funding_gets_another_extension.php


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