"For our economy, our safety and our workers, we have to rebuild America.
I’m proposing a national infrastructure reinvestment bank that will invest $60
billion over 10 years. This investment will multiply into almost half a trillion
dollars of additional infrastructure spending and generate nearly two million
new jobs—many of them in the construction industry that’s been hard hit by this
housing crisis. …
“And we’ll fund this bank by ending this war in Iraq. It’s
time to stop spending billions of dollars a week trying to put Iraq back
together and start spending the money on putting America back together instead,”
Obama said.
If only someone could have seen that coming 5 years ago. But there was no way to predict that Iraq would become a quagmire and a resource sink.
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