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Infrastructure spending: False expectations
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From the beginning, the infrastructure building component of the $787 Stimulus Bill, was never really what it was described in the rhetoric of the Obama administration. Even using the broadest definintion of infrastructure spending, the money allocated was never more than $150 billion, by one estimate. And only 8% of the total or $64 billion, went to roads, public transport, rail, bridges, aviation, and waste-water systems. The money allocated to high speed rail was about $8 billion, too small for high speed rail network for the US, and this has proved to be a debacle. Work moved slowly, so that by October 2009 work under the highway and transit programmes had seen work start on $14.3 billion of projects. The new $50 billion infrastructure plan from the Obama administration, includes ideas for a National Infrastructure Bank. But by now the public mood has turned against spending, and political support for a gas tax to pay for it is lacking. The ultimate irony of this situation is that the public thinks the stimulus bill has taken care of infrastructure. So many false expectations were created, and vigorously built up by the Obama administration, such as describing the stimulus investment as "the largest new investment in infrastructure since Eisenhower built an interstate highway system in the 1950's." The irony is that the public perception is that the stimulus has already taken care of the US's infrastructure needs, says the transport director of the Chamber of Commerce.
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Smart Infrastructure and savings in energy and water use, reduction in carbon dioxide emissions,
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IBM with its Smarter Planet initiative and companies like Cisco and GE are using technological advances in sensors and software to creat smart infrastructure. The stimulus spending makes this a high priority for companies and the governments around the world.
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Only a small portion- about one fifth according to one estimate- of the $787 Stimulus Bill was actually allocated for infrastructure building. And in some cases such as high speed rail only $8 billion was allocated, clearly insufficient to build a high speed rail system in te USA. And public perception is that infrastructure allocation has already taken place, so it has ceased to be a priority even though the nation's infrastructure needs rebuilding.
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New York Times 09/06/2011
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Obama Successes Outweighed by Job Losses
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Vision of America's Future- Infrastructure Building
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A Slowdown on the Road to Recovery
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Obama Calls for $50 Billion Public Works Plan
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Where Infrastructure Estimates Come Up Short
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Economist 10/23/2010
Pitch for Rebuilding Infrastructure Carries Political Challenges
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A Slowdown on the Road to Recovery
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Smart grid infrastructure.
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Support for an Infrastructure Bank in the U.S.
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Felix Rohatyn author of the book "Bold Endeavors," makes the case for an Infrastructure Bank.
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The gap between stimulus money infrastructure spending timelines in the U.S. and China and France- 2009-2012
01/22/2009
China moved the fastest, the USA very slowly, with two different political systems and sense of crisis, and infrastructure project speed capabilities. The French also moved quickly. Of $37 billion in spending for infrastructure stimulus, about 75% will be completed in 2009. India is slow but France's experience shows democratic governments or political systems are not necessarily the cause of slow execution.
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New York Times 09/06/2011
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France, Unlike U.S., Is Deep Into Stimulus Projects
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Lots of Stimulus Money and Concerns About Where to Put It to Work
New York Times 10/23/2009
China Sees Growth Engine in a Web of Fast Trains
New York Times 02/13/2010
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