Tuesday, December 02, 2008

Vice President For SUPERTRAIN

Joe's trying to win my heart. Remarks as prepared at governors' meeting:

On infrastructure specifically, we have a huge opportunity. China invests 7-9 percent of its GDP in infrastructure projects. We invest just 1 percent. There’s a reason they have a mag-lev train that can go over 200 miles per hour.

I may have a bit of a pro-rail bias, but think of the jobs we could create – in both construction and innovation – if we made similarly bold investments here.

We should fast-track funding for the thousands of ready-to-go projects across the country that can quickly put people back to work and lay the foundation for long-term growth.

In the longer term, we are calling for the creation of a new National Infrastructure Reinvestment Bank that will help us make the investments we need to build a 21st century transportation system – while creating jobs and taking the politics out of infrastructure spending. And it has the added benefit of making American business more competitive in the world.