The New York Times has an excellent rundown of Obama’s Financial Recovery plans…
Several hundred billion dollars could go to states and cities to finance public works and subsidize their health and education programs so that local governments do not have to raise taxes and cut essential programs, steps that would be counterproductive economically.
The Obama team has a list of $136 billion in infrastructure projects from the National Governors Association that consists mostly of transit construction but also includes port expansions and renewable energy programs.
With plans to provide more than 3 million jobs, fund green projects as well as major infrastruction work this is an ambitious attempt to keep things ticking along. Will it work?