WASHINGTON (CNN) - President Barack Obama announced Tuesday that the country is already "seeing shovels hit the ground" on the first infrastructure repair project funded through the Transportation Department's share of the $787 billion stimulus bill.
Watch: New roads save lives, Obama says
Transportation Secretary Ray LaHood added, "The work begins today in Montgomery County, Maryland, where a work crew is starting on a project to resurface Maryland State Highway 650 - a very busy road that has not been fully repaired in 17 years."
Obama and LaHood made the announcement during an appearance before federal workers at the Transportation Department.
The resurfacing contract, LaHood said, went to a Pennsylvania-based family-owned company, America Infrastructure.
LaHood said the project will support 60 jobs. "And that's how we're going to get the country back on its feet," he added.
The stimulus plan - signed two weeks ago - will ultimately help steer $28 billion in new federal funds to highway construction and repair - part of the "largest new investment in America's infrastructure since President Eisenhower built the Interstate Highway System," Obama noted.
Obama stated that, over the next few weeks, the country will launch more than 200 construction projects nationwide, "fueling growth in an industry that's been hard hit by our economic crisis."
He promised that, all together, the new highway spending will create or save 150,000 jobs by the end of next year - more jobs "being created or saved in one year than GM, Ford and Chrysler have lost in manufacturing over the past three years combined."
Obama also announced that the Treasury Department and the Federal Reserve are launching the Consumer and Business Lending Initiative on Tuesday. When fully implemented, Obama said, the initiative "will generate up to a trillion
dollars in new lending for the American people, and this will help unlock our
frozen credit markets, which is absolutely essential for economic recovery."
Yeah..., let the unemployed shovel! In this kind of a crisis there's no such thing as underemployed!!
That doesnt put jobs in Iowa , Where are the IOWA JOBS Obama??????????
Two good news!
THANK GOD, I know highway 650 (also known as New Hampshire Avenue – begins at the DC line) and straddles Montgomery Prince George's county and it seriously needs repairs!!
For those that don't live in MD/VA/DC, Do us a favor, please don't make any negative comments of something you have no idea about.
Can you send $2000 to help fix the potholes in my town?
Let the Jobs Begin.
Great start PRESIDENT OBAMA. And I know there are more jobs to come. Thank you for CHANGE!
"If its not in my backyard, I'm against it." That seems to be the attitude of many of the posters to this site. I regret we seem to care little about our neighbors. America, get a heart! People are hurting!
Big deal, resurfacing one road does nothing.
We need to see some real results.
Get the economy moving Obama!
You have now spent almost 3 TRILLION dollars in less than 2 months and have failed all of us. Forget the pork and tax increases, real people are suffering. Show us that you are not a clown and do something or go down as the worst president in US history.
Be interesting to see how many illegals working on this project.
Pretty good for 1 1/2 months in office !!! EH!!! -- Get`er done, Obama
Darn socialist! Building roads and all that stuff....
The stimulus officially begins today so everyone can monitor Recovery.gov to see where the money is flowing and hopefully witness the results in the economy. April 1 is when taxpayers will begin seeing increases in our take-home pay. We can only hope these things help somewhat but all Americans can help NOW by buying energy efficent appliances and energy star products. Even replacing light bulbs with CFLs or LEDs helps the economy and the environment!!!
Well here it goes, the end of high profits in wheel alignment shops. I think the shops need lobbyists or substidies to cover their lost revenue. There's always some special interest groups whining about something.
Are you kidding me he is so full of it........Hey Obama, address the stock Market and our 401K's.
G Street – EXACTLY!!! WE are hurting too!! It's time that this do-nothing President does something to CHANGE what's going on with the economy and stock market. I mean, we're almost at 6500!!!! I've never seen that in my lifetime...NEVER....
The DC area could use some help. There are too many major water main breaks in an area that is supposed to be the national capital. The last one nearly caused people to drown in their cars and authorities are blaming this on outdated infrastructure. Obama can now pick up the slack because Bush's eyes were fixated on Iraq and not not the area right under his nose.
Unfortunately the damage has been done, HUGE by the way and these earth is flat repukes are still in the way and they will say anything to obstruct. They should just stick to farming and stay down to earth is flat way, let us take care of businesse and complicated urban issues.
OBAMA NOMICS , WATCH IT CRUMBLE . FULL SPEED AHEAD .
Hey David, make sure you teach your children that they have to clean toilets in hotels, wash dishes in restaurants, pick up trash in the streets of America, pick crops because these are the jobs Americans don't want or I should say refuse to do so if there are illegals working the streets it is because we as a society are above getting our hands dirty.What is funny about the crops a lot of them are owned by other illegals or I should say were brought here after the war (s) By the way I am not an illegal so don't even go there.
Amazing. You gave the last guy 8 YEARS to make the country better all the while sticking your heads in the sand about the exploding national deficit and debt. Bush did not veto a single spending bill until 2006(hmm wonder why) but you never questioned it. Now you want Obama to fix in 3 months what it took Bush 8 years to screw up.
Hey, RNC chairman Michael Steele did Rush threaten to take away the keys to the RNC executive toilet? I sure could see how this would bother any figure head leader placed atop an organization as a puppet and forced to apologize or lick Rush's... *pilonidal cyst.
'Pay no attention to that man behind the curtain'
*Pilonidal Cyst Overview (WebMD)
A pilonidal cyst is a cyst at the bottom of the tailbone (coccyx) that can become infected and filled with pus. Once infected, the technical term is pilonidal abscess. Pilonidal abscesses look like a large pimple at the bottom of the tailbone, just above the crack of the buttocks. It is more common in men than in women. It usually happens in young people up into the fourth decade of life.
@Rick March 3rd, 2009 11:36 am ET
Iowa is allotted $358B, why don't you ask your legislature?
MORE WASTE. MORE SPENDING.
Give Michelle the checkbook and walk away barack.
You cant balance anything.