Obama Outlines His Own Plan To Spur The Economy

On the same day that President Bush has signed an economic stimulus plan, Barack Obama is outlining his own plan to spur the economy.

In Wisconsin, Obama said that as president he would spend 210 billion dollars to create jobs in construction and environmental industries.

Of that amount, 150 billion would create so-called "green collar" jobs to develop more environmentally-friendly energy sources.

The other 60 billion would go to a National Infrastructure Reinvestment Bank. It would be used to rebuild highways, bridges, airports and other public projects.

Even as Republicans promote an "Obama Spend-O-Meter" online to portray him as a tax-and-spend liberal, Obama says the money would come from ending the Iraq war, cutting tax breaks for corporations, and raising taxes on big earners.

Information from the Associated Press.

Cathryn Khalil, reporting. ckhalil@kltv.com.

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