April 13th, 2009
09:30 AM ET
13 years ago

Obama sources: stimulus projects 'under budget,' 'ahead of schedule'

WASHINGTON (CNN) - President Obama is hoping for a public relations victory Monday with what the White House sees as a triple-hit of good news from the stimulus bill.

Sources tell CNN Radio that billions in road and bridge money is going "farther" and being used "faster" than expected.

Two administration officials say Obama will announce that the Department of Transportation has funded 2,000 projects so far with stimulus dollars and that those projects have come in "under budget" and "ahead of schedule."

The sources did not provide any details, and it is not yet clear how the White House is judging the expected pace or costs of stimulus projects.

More information may come at an announcement, scheduled for 11:35 a.m. ET at transportation headquarters in Washington. The administration is putting three big names on stage: President Obama, Vice President Joe Biden and Transportation Secretary Ray LaHood are all expected to attend.

In prepared remarks, Biden planned to say, "We have the 2,000th transportation project now under way - that's going to help create jobs, make it easier for folks to get to the jobs they have and improve our nation's infrastructure all at the same time."

Aides tell CNN the administration is pointing to a highway-widening project in Kalamazoo County, Michigan as the 2,000th transportation project to receive stimulus help. A stretch of Interstate 94 near Portage, Michigan is set to expand from four lanes to six lanes at a cost $68 million.

The transportation department controls some $48 billion for infrastructure from the American Recovery and Reinvestment Act. The bill was signed into law two months ago this week.

Filed under: Stimulus
soundoff (77 Responses)
  1. David

    The obama SPIN is so unreal. This is a joke.

    April 13, 2009 10:15 am at 10:15 am |
  2. alvino

    I am proud to support the party of "Hope," and reject the failed policies of the party of "Nope."

    April 13, 2009 10:17 am at 10:17 am |
  3. Reiner

    Nice to see progress in the plan.
    Surprised that there are no negative nor idiotic comments
    Where is Newt ? These results can't be good for the GOP

    April 13, 2009 10:19 am at 10:19 am |
  4. Neuter Newt!

    To all you neo-cons saying these are not "permanent" jobs.

    The government spending from the stimulus package for such projects were never meant to be "permanent" jobs. They are jobs to get or keep American workers off unemployment benefits and get something for the money we spend. Would you rather the workers be sitting at home watching tv and collecting unemployment? This way the American public will benefit from the spent tax dollars!

    Hopefully, if enough of the stimulus spending starts to turn the economy around, then these jobs you are complaining about being "temp" will have enough work for the private sector that the employees will have more work. This is just meant to be a temporary bridge to get the economy to that stage.

    It is Econ 101 and it is called Keynesian economics. When 2 of the 3 spending forces such as private investments and consumer spending dries up completely the only entity left to budge a 14 trillion dollar economy is government spending.

    Google it!

    April 13, 2009 10:19 am at 10:19 am |
  5. Ghost

    Fair, the stimulus is supposed to be temporary. The whole point is to put money into the system. Jobs created (or more to the point, buisnesses that will now have work) will generate revenue. Folks will be able to spend money and the circle will continue. The hope is that the economy will jumpstart and everything will be back to normal. Whether it works also depends on repairing the market. But if money is to be spent (as is evident by most experts and even the republican plan) then this is probably the 2nd best way of doing it.

    April 13, 2009 10:20 am at 10:20 am |
  6. Bob in Pa

    Budget ? What Budget ?
    There was no list of individual projects in that they call the Stimulus Bill so how can he make this ridiculous claim ?

    Maybe he's been hanging with JB a bit too long ?

    April 13, 2009 10:20 am at 10:20 am |
  7. Sam Sixpack

    Mission Accomplished: meet the new boss, same as the old boss.

    April 13, 2009 10:20 am at 10:20 am |
  8. Mississippi Mike

    Of course he is going to say that. It's virtually impossible to discern which projects are doing well and which ones aren't. Also, where's the budget he's talking about? If he is going to make a statement like this he needs to make available a full list of projects, how much they were projected to cost, what the actual costs are, what their projected timelines are and what their actual timelines are. He doesn't have this information and wouldn't share it if he could. He's blowing smoke and the public can either suck it in and enjoy the illusion or choke on the filth.

    April 13, 2009 10:21 am at 10:21 am |
  9. Chi Town

    Nice spin... a two trillion dollar over budget set of money that came under budget for a project (which isn't in the budget so what is he talking about)....

    And they call it under budget... ????

    SPIN it baby... SPIN IT

    April 13, 2009 10:28 am at 10:28 am |
  10. dennisk

    You can TRY, like the Democrats, and risk failure...
    Or you can do NOTHING, like the Republicans, and guarantee failure.

    April 13, 2009 10:30 am at 10:30 am |
  11. WaitandSeeIndie

    Hmmmm? No details. OK, and Mickey Mouse really does talk and the cow jumped over the moon. I hope it's true, just a little wary. I would like to see those "details".

    April 13, 2009 10:31 am at 10:31 am |
  12. Ernie, WI

    To those now complaining that these are "temp" jobs at best: Do you recall that this stimulus bill spends over half of the money 2, 3 and 4 years out? This is why! These short-term jobs will help slow layoffs and even create a few jobs while the long-term "green energy" jobs, etc. are just hitting the market.

    First you complain that the money isn't spent quickly enough, now you complain that the benefits are too short term. Maybe our President and his team designed the package pretty well and you just like to complain...

    April 13, 2009 10:31 am at 10:31 am |
  13. Adam from Ohio

    Building roads and bridges with tax dollars is SOCIALISM! Well, that is, building roads and bridges in America. Building them in Iraq is ADVANCING THE MARCH OF FREEDOM, er whatever.

    April 13, 2009 10:31 am at 10:31 am |
  14. Craig

    Many of these so called stimulus jobs will be lost (just as fast as they were created) when the projects are over. The people employed by these projects know this and are not going to spend this money, but rather save it. This will not boost the economy.

    If you want to boost the economy, have a 3-6 month federal tax holiday. This is the cheapest and most effective way to put extra money in all people's hands.

    April 13, 2009 10:33 am at 10:33 am |
  15. We truely Love Sarah

    Fair is Fair April 13th, 2009 9:19 am ET

    So what happens after the stimulus money runs out and the jobs it "created" or "saved" are no longer funded?

    Stimulus II? Stimulus III?


    Stop placing money over people. If we don't like the dept on our children, then let's pay for it now!

    April 13, 2009 10:34 am at 10:34 am |
  16. Brad, California

    When are the going to stop "helping to creat jobs" and actually create something?

    April 13, 2009 10:38 am at 10:38 am |
  17. larry

    I am an early Obama supporter, from the time of the early DNC debates, but the devil IS in the details, we democrats shouldn't claim victory and/or gloat too soon: He is a "different kind of politician", but a politician, none the less. To paraphrase Tom Cruise, Show me the Progress.

    April 13, 2009 10:41 am at 10:41 am |
  18. Turnabout is Fair Play

    Come on people, THINK. We have so many bad roads COUNTRYWIDE that it will take years to repair them. There will be jobs for years to repair these alone. This is NOT temporary work that will end. If one project ends, they will be moving from state to state working on new projects. FFS..

    April 13, 2009 10:41 am at 10:41 am |
  19. scooter

    Lot of the stimulas is also for jobs that maybe cut and then not so it looks like something was accomplished but nwas it really?

    Now they need more cash.
    SPend Spend Spend

    April 13, 2009 10:44 am at 10:44 am |
  20. Baze

    This is putting people back to work in two ways. One, the workers on the construction sites, and two, the workers at equipment supply companies like caterpillar that were on the chopping block for cutbacks. However, let's not crazy about the under budget stuff, because God knows these restoration projects never get done when they're supposed to. Maybe there's a stronger stipulation for completion now that the fed is involved, but maybe not, who knows.

    April 13, 2009 10:46 am at 10:46 am |
  21. Are you a socialist or a communist?

    It is always fun to hear the McCarthyism.... now the key word is "socialist" instead of "communist", but it is still McCarthyism.

    The jobs will not be lost. These people will rent or buy houses, they will be able to buy food, cars etc.... this will put money into the system that will cause more jobs.... the people with these jobs will put money back into the system for things like in this example: road projects. The people working on the road projects will put money back into the system for rent, eating out, new clothes..... and the cycle goes on.
    Multiplier effect.

    April 13, 2009 10:47 am at 10:47 am |
  22. Sam Sixpack

    Your economic "recovery" brought to you by Hu Jintao, Wu Bangguo, Wen Jiabao, Jia Qinglin, Li Changchun, Xi Jinping, Li Keqiang, He Guoqiang, and Zhou Yongkang.

    If you believe these eight communist rulers of China put up the money so that you can live the American dream, you must be dreaming.

    April 13, 2009 10:48 am at 10:48 am |
  23. Sam Sixpack

    How much of this money was given to middle-class laborers? Why are you so freaking happy that your governement took money away from you (your taxes) and gave it to the fat, lazy CEO's of mega construction companies?

    I thought "trickle-down" was a Republican scam.

    April 13, 2009 10:57 am at 10:57 am |
  24. Alex Finestra

    Oh my. I guess the feds can withdraw from all their control of the financial operations, huh?

    April 13, 2009 10:58 am at 10:58 am |
  25. Alex Finestra

    If things are going so swell, why won't the feds/Obama allow states/others to return TARP funds they don't want?

    April 13, 2009 11:01 am at 11:01 am |
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