By Debra K. Rubin

Engineering and business scholars urged Bush administration officials to take a page from FDR's New Deal and invest in infrastructure.

Ninety transportation projects in eight states are ready to go and could generate up to $20 billion in economic activity, according to a letter from 11 professors to Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson. The letter was sent Oct. 24.

The letter responds to earlier comments by Bernanke raising concerns that infrastructure investment would take too long to make a meaningful change in employment and the economy.

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Posted by boyang at October 28, 2008 6:40 PM