Biden discusses rail investments in NGA remarks

Promising words from Joe Biden, speaking at the National Governors Association meeting, as covered by the Washington Post:

On infrastructure specifically – and I know I sound like a hobby horse to Governor Rendell and others on this, but we have, I think, a huge opportunity. A huge opportunity. China invests between 7 and 9 percent of their GDP in infrastructure projects. We invest, as a nation, over the last decade or more, less than 1 percent.

And theres a reason that when you turned on the Olympics to watch them this past summer, you saw a mag-lev train going over 200 miles an hour in supposedly a third-world country in terms of its economy blowing into town dealing with the environmental problems they have as well as transporting people in a way that we dont even come close to being able to do.

And Barack has pointed out – and John Corzine knows – I may have a bit of a pro-rail bias. But I think that – think of the jobs we can create in both construction and innovation if we make similar bold investments here in the United States as well as the environmental payoff that flows from that kind of investment.

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