Shovels Are In Motion, Says Obama

The President and V.P. addressed the Department of Transportation today, stating that the new investment in infrastructure "will create or save 150,000 jobs by the end of next year, most of them in the private sector."

An excerpt from the President's address, from WhiteHouse.gov:

"And just to give you a sense of perspective, that's more jobs being created or saved in one year than GM, Ford, and Chrysler have lost in manufacturing over the past three years -- combined. The job -- the jobs that we're creating are good jobs that pay more than average; jobs grinding asphalt and paving roads, filling potholes, making street signs, repairing stop lights, replacing guard rails.

But what makes this investment so important is not simply that we will jumpstart job creation, or reduce the congestion that costs us nearly $80 billion a year, or rebuild the aging roads that cost drivers billions more a year in upkeep. What makes it so important is that by investing in roads that have earned a grade of D- by America's leading civil engineers -- roads that should have been rebuilt long ago -- we can save some 14,000 men and women who lose their lives each year due to bad roads and driving conditions. Like a broken levee or a bridge with a shaky foundation, poor roads are a public hazard -- and we have a responsibility to fix them.

Now, we have another responsibility. Having inherited a trillion-dollar deficit that we're working to cut in half, we also need to ensure that tax dollars aren't wasted on projects that don't deliver results."

Full Story: Remarks by the President and Vice President on transportation infrastructure

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