President Obama's next round of Stimulus, approaching $500 billion, includes a dose of transportation funding as well. Unfortunately, it's really packaing "old wine in a new bottle" according to C. Kenneth Orski in his Innovation Briefs newsletter (Vol. 22, No. 26). He writes:
"The rhetoric may have changed --- Obama avoided using the terms "stimulus" and "infrastructure" in presenting his AJA [American Jobs Act] initiative to Congress---but the substance of the two initiatives [AJA and the 2012 proposed budget] is remarkably similar. Both proposals would fund an identical mix of programs (highways, transit, Amtrak, high-speed rail, aviation and the TIFIA credit program) and both would establish a National Infrastructure Bank.
In short, the new package simply repackages the same programs that failed to stimulate the economy in the first round (or two or three). For more on Reason Foundation's analysis of the Stimulus, check out our work here.