Obama Calls for Infrastructure Investment
- Published: Wednesday, 26 January 2011 04:00
January 26, 2011 – Well, the words were short on specifics, but the message was clear to the newly minted Congress in President Obama's State of the Union Address: We must invest in America's infrastructure.
Obama's exact words were thus: "The third step in winning the future is rebuilding America. To attract new businesses to our shores, we need the fastest, most reliable ways to move people, goods, and information – from high-speed rail to high-speed internet.
"Our infrastructure used to be the best – but our lead has slipped. South Korean homes now have greater internet access than we do. Countries in Europe and Russia invest more in their roads and railways than we do. China is building faster trains and newer airports. Meanwhile, when our own engineers graded our nation's infrastructure, they gave us a "D."