Stalled Infrastructure Projects: What it Means for Investors

Make no mistake: Government and privately funded investment in public works projects - not bubble inducing, debt-financed consumer spending - will be the guiding light that leads the way out of this recession. The American Recovery and Reinvestment Act - otherwise known as the “Stimulus Bill” - provides $120 billion to begin to address our nation’s crumbling infrastructure. It’s the largest infrastructure investment since Eisenhower’s Federal-Aid Highway Act of 1956, which created the U.S. interstate highway system. Infrastructure investment - under-funded since the 1960s - will be unprecedented over the next three to five years, and let’s face it: the need is huge. According to…