The New York Times reported "the 100 largest metropolitan areas are getting less than half the money from the biggest pot of transportation stimulus money." Those 100 cities provide 75% of America's economic activity.
Private equity underwriters have billions in infrastructure funds available. They want to invest in projects capable of generating 15-20% low risk returns.
Socialize the losses (rural infrastructure development), privatize the profits (urban infrastructure projects).
The Obama stimulus plan was infrastructure light, compared to China's. The President has a $10 billion infrastructure bank aimed at financing public-private infrastructure projects. Under investing in cities is part of the plan, a back door franchise for the big money boys. Obama corporafornicates as well as Bush.
