On the recordSeptember 14, 2011
So taxes are part of it. The energy policy, we haven't talk about that. We talked about labor--putting men and women back to work. And the education system, 280,000 new teachers or teachers in the classroom. Research and infrastructure, this is part of the Make it in America agenda which can be carried out with the American Jobs Act. So, if we pass the American Jobs Act, we've got a really good opportunity to once again make things in America, because the legislation calls for about $50 billion in infrastructure and the establishment of an infrastructure bank for sanitation, water systems, Internet, high-speed cable, and all of those kinds of things in the infrastructure bank. So we may be looking at $60 billion, $70 billion a year of investment in these infrastructure projects. Coupled with that is Buy America, Make it in America. Buy American-made buses, American- made locomotives. The concrete and steel in the bridges, that's going to be American made. I can tell you one of the greatest horror stories about infrastructure. It's right in San Francisco, just outside my district. The San Francisco Bay Bridge, a multibillion-dollar rebuilding of the Bay Bridge because it falls down in an earthquake. It did once. We don't want it to happen again. Multibillion dollars. To save 10 percent, the contract went to Chinese steel companies. All of the steel manufacturing in that bridge comes from China. Thousands of jobs in China.…
Source
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