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Obama’s Talk of Infrastructure Investment Moves Monday Markets
Warning that more pain will precede the positive, President-elect Barack Obama said in a weekend interview and press conference that he plans a massive investment in infrastructure to create jobs and stimulate grounded and long-lasting economic growth.
Speaking at a Sunday news conference and on”Meet the Press,” Obama didn’t specify projects beyond roads, bridges and”other traditional infrastructure.” Nor could he give a price tag. But just his mention of the infrastructure projects was enough to kick start the markets Monday.
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