Here is a really solid write up about Caterpillar and the affects Obama will have on the world's new infrastructure. The author here http://www.bullishbankers.com/the-obama-infrastructure-play/ provides a great argument, really solid read.
Good read overall, but at the time of the writing said that a large portion of the stimulus bill was to go for infrastructure.
I haven't read the actual infrastructure figure yet but have heard rumors of anywhere between $20B and $40B. This doesn't sound like much, but then again with the huge dollars the government is throwing around lately I don't know anymore how much is "large".
Anybody know for sure how much of the Bill is earmarked for infrastructure?
According to a recent AP article, $90 billion for infrastructure.
In addition, $11 billion for the power grid, and $20 billion for jobs building wind turbines, solar panels, and other things in the pursuit of green, renewable energy.
The rest is tax credits and aid to states.
I won't pretend to be joyous about those numbers. And out of respect for the fact that I believe that there are some intelligent, patriotic *conservatives* on this board, *I* am going to restrain myself, and not point any fingers. (Olive branch extended)
I'm sure that at least some of the tax credits and state aid will do a good thing. Some seem to believe they're the difference between disaster and survival.
I only wish that Congress could have agreed, let's all start with the premise that the $121 billion for infrastructure and energy is a good thing. Maybe, MAYBE we could even be persuaded to add more to those purposes. But let's spend 48 hours deciding amongst ourselves if we can ALL agree on adding anything else to the bill. If we cannot, then we pass the $121 billion infrastructure and energy bill.