“The pipeline would be a $7 billion stimulus package unto itself, without costing taxpayers a dime and requiring no act of Congress to get under way.”
In recent weeks President Obama has talked about the need for investment in new infrastructure to drive U.S. economic growth. “There are few more important things we can do to create jobs right now and strengthen our economy over the long haul than rebuilding the infrastructure that powers our businesses and our economy,” he said:
…As President, my top priority is to make sure we are doing everything we can to reignite the true engine of our economic growth – and that is a rising, thriving middle class. A growing economy that creates good, middle-class jobs – that’s got to be our true North.