One of the new president’s highest priorities is to create millions of jobs by spending hundreds of billions of dollars. The spending promises to be concentrated in a few sectors and will be big enough to be an engine of growth for companies in those sectors.
As the Obama administration prepares the details behind a highly anticipated stimulus plan, investors are placing bets on sectors likely to benefit and infrastructure is among the favorites. The Wall Street Journal reports that the new administration will need to spend $20 billion a year above current levels on roads and highways just to maintain today’s levels of highway safety and traffic flow.