subject: Infrastructure To Stimulate Economic Obamati Billion Infrastructure Plan [print this page] bama on the th .bama on the th .. resident announced a massive update and expansion of transport infrastructure projects to promote economic recovery , while ensuring long-term economic growth.
bama's day in ilwaukee , isconsin, attended the celebration of Labor ay activities in the nited tates announced the plan. nder the plan, the nited tates six years in the reconstruction of , miles ( mile approximately . km ) road ; construction and maintenance of , miles the railway ; repair or reconstruction of a -mile runway , and install the next generation air traffic control system to shorten the flight time nd reduce flight delays . eanwhile, bama also proposed creating a permanent "infrastructure bank " , dedicated to the federal and local infrastructure financing projects .
bama on the th .. resident announced a massive update and expansion of transport infrastructure projects
o promote economic recovery , while ensuring long-term economic growth.
ccording to hite ouse sources , the transport infrastructure renovation and expansion of the initial investment of about billion .. dollars , but the hite ouse has not announced a total investment of the whole project cycle . .. government officials , the scheme will be financed by removal of oil and gas companies to provide tax concessions , and thus will not increase the federal deficit .
he plan still needs approval by ongress . ut analysts say the plan could face resistance in ongress . ith the rising federal deficit , ongress and the voters of any financial expenditure are highly sensitive . specially in the case of mid-term elections approaching , even some emocratic members do not want to vote in favor of the new spending plan .
It is reported that transport infrastructure renovation and expansion project, the bama administration in the making as part of a new economic stimulus measures . ccording to .. government officials , on the th of this month , bama also made a speech in leveland, hio , announced a total of about billion .. dollars of corporate R & tax concession scheme .
ith the recent slowdown in the pace of .. economic recovery , unemployment remains high , the nited tates government announced a new economic stimulus measures has become increasingly strong . he second quarter of this year, according to the .. economy grew only .% annual rate , the lowest quarterly increase since the recovery . eanwhile, the ugust non-farm sector rose .% unemployment rate , jobs, reduce the number .
conomic and employment is the most merican voters a topic of concern . rom a number of recent polls , the emocratic arty in the mid-term election prospects are not good. herefore, bama less than two months away from election time to introduce new economic stimulus measures , is widely considered to win votes and make the final stroke .( Xinhua u ing iang Xufeng )
obamati billion .. dollars infrastructure renovation program is alleged to drop in the bucket
arack bama to promote the "ew conomic lan ", in time for ovember mid-term elections , showing determination to create jobs , bama this morning ong Kong time, taking advantage of the .. Labor ay holiday , to industrial workers in the state of isconsin to attend meetings, billion .. dollars related to information released about three thousand nine billion dollar capital investment program , hopes to build hundreds of thousands of kilometers of roads , railways and airport runways , and create many new jobs. ut some analysts believe that , compared to over trillion .. economy of scale , the investment is totally inadequate and can not quickly come to the .. labor market .( hoenix )
bama pushing billion infrastructure plan uang incheng pressure line
Remittance etwork on ept. ews - onday ( ) holiday market was quiet , spot gold fluctuated around .. dollars , higher uropean stock and bond markets work . ut the dollar broadly higher uesday morning , inaobama launch infrastructure refurbishment program , uang incheng pressure line to .. dollars mark .
ilver competing in the .. dollars mark , maintain a -month high last week .
apital analyst ndrey Kryuchenkov in London , said , " Gold into a narrow consolidation pattern . downward pressure on gold prices eased due to seasonal factors , from sia, the strong will of bargain hunting . "
umbai, India, brokers said: "I am here to continue filling a single transaction to see more of the rupee will further enhance the purchasing power of gold . "
"I have a lot more below the , single- dollar . " broker added .
rokers said the ong Kong hinese traders also buy some physical gold , but trade is limited. onday sian stocks performed strongly in the organ tanley Index (I index) rose .% in and hit -week high.
hina's trade account in the riday before the announcement , this week, few people worthy of attention data.
nited Kingdom, apan and ustralia respectively to discuss interest rates .
onday to promote employment, bama announced a -year infrastructure renewal program, which amounted to billion .. dollars initial investment .
bama said: "e must first restore job , particularly among the middle class . his means that we should do everything possible to reduce unemployment . "
Krugman said: " resident bama 's economic think-tank to ensure the Great epression of will not repeat the scene , the infrastructure renovation plan will help boost the economy. "
ccording to the ritish "inancial imes "provides analysis of data showed the euro zone government will issue billion .. dollars of debt , twice higher than the ugust full .
nalyst olfgang nchau said, " o ensure the solvency of uropean governments , several quarters of strong growth alone is not enough , it may take years to completely pay off . "
Last riday the German benchmark bond spreads than the further expansion , expanded to .% in pain , ortugal to expand to . % to .% in Ireland to expand , Greece to expand to .% .
onday pound against the dollar and the euro exchange rate plummeted, led by sterling -denominated gold to return to two-month high .
