Obama Jobs Plan

With the clock counting down to the automatic spending cuts set to hit on March 1, the White House is outlining details of the president's infrastructure plan aimed at spurring job creation.President Barack Obama outlined the $50 billion infrastructure stimulus proposal in his State of the Union address last week, saying the initiative will create new jobs while fixing the country's crumbling roads and bridges and updating the energy sector."Ask any CEO where they'd rather locate and hire: a country with deteriorating roads and bridges, or one with high-speed rail and Internet; high-tech schools and self-healing power grids," he said.The three-part plan includes "Fix it First", which calls for investing $50 billion in transportation infrastructure, the creation of a national infrastructure bank and removing red tape that often bogs down infrastructure projects.But experts worry the president's timing to push a new spending project is poor given that it comes in the face of the $85 bill...

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