While news of president elect Obama's new cabinet selections, Caroline Kennedy's potential New York Senate run and the corruption woes of Illinois Governor Rod Blagojevich grab the headlines, economic advisers to Obama's transition team are busy quietly telling the president elect that $600 billion in infrastructure stimulus may not produce the 25 million new jobs he wants. Speaker Pelosi is busy drafting legislation for a $600 billion stimulus package, while Obama's transition team is talking about $850 billion, and some of his economic advisers are telling him $1 trillion should be the number.
This would mean $20 billion on average for each of the 50 states to modernize, upgrade and build new highways, bridges, schools and other facilities in the next two years.
Those contractors positioned to bid on these projects, with working capital frinancing, and performance bond sureties in place, and the ability to provide fast track project delivery methods on projects, will be the ones getting this early money. Talk with your professional advisers and team partners now. We expect this legislation to be enacted in the first half of 2009, perhaps even during the first quarter. If you wait to see what it looks like after President Obama signs it into law, you will be chasing the caboose of this train as it speeds into the distance.
This would mean $20 billion on average for each of the 50 states to modernize, upgrade and build new highways, bridges, schools and other facilities in the next two years.
Those contractors positioned to bid on these projects, with working capital frinancing, and performance bond sureties in place, and the ability to provide fast track project delivery methods on projects, will be the ones getting this early money. Talk with your professional advisers and team partners now. We expect this legislation to be enacted in the first half of 2009, perhaps even during the first quarter. If you wait to see what it looks like after President Obama signs it into law, you will be chasing the caboose of this train as it speeds into the distance.
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