Page 665 - Infrastructure Projects News Today

Administrative procedures that have to be followed. we have a liaison with state and local governments. the pentagon was built partly on mud flats. good thing we didnt have the endangered species act. >> neil: if this is how quick by the benefits of stimulus spending comes -- >> the stimulus was passed in february of 2009. they -- they allocated something like $180 billion for infrastructure projects as of a year later, they had dispersed the money only on i believe $20 billion of that. a small ...

Frankly, how we run our own government. theres a company called the millennium challenge corporation, which is funded by american tax dollars. we put $8.8 billion into this organization the last five years, and we just saw data a couple of days ago that shows that the number one recipient of these contracts, which are going principally to africa, are going to chinese companies. so we have a situation where the american taxpayer is funding chinese companies to develop infrastructure projects in p...

Approximating for. tax credits and breaks for rnd research and summer use employment. the congress active before they left town. they had good ideas and there are things that we can do and we hope to move that along. >> so theres a downturn in consumer confidence. new home sales and there are warning signs the markets have been very turbulent and really on a downward trend. what are the concerns about a double dip to a recession? >> you know, i dont want to speculate because i still think that d...

We know for sure that the government lost at least 240,000 jobs. thats the census workers no longer out there doing the census. at the same time, most think the private sector maybe added about 100,000 jobs. all told, it tells the story of an economy that isnt getting better as quickly as anyone thought. those shovel-ready jobs. everyone is asking the question, what did the stimulus money go for, where are the jobs going to come from. >> thats the question. we saw a little flip in housing becaus...

Pragmatic in an effective and positive way. >> the market re-adjustment. people just cant handle it. okay? if you got a job can you handle it because you wouldnt move out of your house if you could make the payment. this really stems from massive job loss in this country. does it not? >> absolutely. massive job loss, people cant make the payments. also people borrowed under the assumption theyd be able to borrow again. these adjustable rate mortgages. now they cant. interest rates are ballooning...

Host of "the daily rundown" on msnbc. thanks as always. an explosive exchange broke out at a senate budget hearing. it was a bit of a surprise. kit vaughn harshly questioned the transparency of the obama administration on infrastructure spending. that man, transportation secretary ray lahood took exception to his approach. that led to several exchanges like this one. >> no question when you throw money into infrastructure projects, everybody likes money and infrastructure projects. but we need...

Can tell, there has been an almost complete absence of transparency, how youre selecting them. all right, great. it comes down like a gift from santa claus, and sure, my state got some. every state gets some. but we have a right these days to know what were the criteria? what were the applications? whose were the ones who were disappoi disappointed? who did not get it? how were they selected? i mean, no question, when you throw money into infrastructure projects, everybody likes money in infrast...

Again, bunning is mad that the unemployment benefits the senate wants to pass will not be paid for. so what hes done is put a hold on some government spending starting with the department of transportation thats affecting a lot of infrastructure projects, even a drunk driving program and causing the d.o.t. to start furloughing workers. the battle between bunning and the white house is intensifying with real consequences. president obama is meeting with defense secretary robert gates to discuss...

That will really improve this area. others say, you know, these werent the primary importance that they werent the type of infrastructure projects that would be high on the list. so this is what venues have to look at before they make a bid for the game. by the way, in 2022, we might have the squaw valley, the tahoe/reno. they are thinking about making a bid for the 2022 olympic games. so cities, even though they look at all the risks and look at the cost-benefit analysis, which is really hard t...

Martha: that is fascinating and with those five things you pointed to, a big band-aid, you know, stop the bleeding and make sure these people dont get into more dire circumstances than those they are recall already in and a ton of stimulus money is to be spent and there are indications from white house that they plan all of that to standpoint in the second half. >> reporter: they do, and anticipate that what the stimulus funds will achieve in the second half or at least in the second year, alway...