Obama Still Wants National Infrastructure Bank

This morning President Barack Obama introduced something he calls the "The American Jobs Act". The applicable portion of which reads:

The President is calling for Congress to pass a National Infrastructure Bank capitalized with $10 billion, in order to leverage private and public capital and to invest in a broad range of infrastructure projects of nationaland regional significance, without earmarks or traditional political influence. The Bank would be based on the model Senators Kerry and Hutchison have championed while building on legislation by Senators Rockefeller and Lautenberg and the work of long-time infrastructure bank champions like Rosa DeLauro and the input of the President’s Jobs Council.

Now is the time for all people interested in preserving representative democracy to ACT! Contact your Senators and Congressional Representatives and urge them to defeat the National Infrastructure Bank.