Explaining Southern California's economy

Snap reaction to the Obama jobs speech: Infrastructure bank?

Nothing too deep dish here. That can wait. But just quickly, President Obama did dangle a big carrot in front of Southern California voters with his $447-billion jobs plan: infrastructure. The Big "I." That's roads, bridges, airport improvements — and also schools, which Obama emphasized in particular. I suppose I could include energy infrastructure with that, which matters a lot at this very moment to San Deigo, where reportedly a million people have lost power.

What was unclear from the President's speech is whether his bill will call for an infrastructure bank. It sounds to me like it will go beyond just transportation, exceeding a $6-billion-over-six-years outlay that the GOP transport bill already includes, getting closer to the $30-billion I-Bank Obama has talked up before and that I've both blogged and discussed.

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