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.

Produced by:

David J Fazekas and Jen Poyant

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.