Robert Reich: President Obama and the Economy of 2011

Tuesday, September 07, 2010

President Barack Obama gives a speech at a Labor Day rally September 6, 2010 in Milwaukee, Wisconsin. (David Banks/ Getty Images/Getty)

President Obama spent his Labor Day in Milwaukee, announcing big plans for the nation's infrastructure. The plan begins with an initial investment of $50 billion of taxpayer money, followed by increased spending over the next six years. It aims to build or repair 150,000 miles of roads; 4,000 miles of rail and 150 miles of airplane runways.

Former Labor Secretary and Professor of Public Policy at the University of California at Berkeley Robert Reich says the plan amounts to another stimulus, which will add to the deficit. But, he adds, that might not necessarily be the worst thing just now.

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