Obama just announced our government's full acceptance of State Capitalism and praise for the economic direction of China, Russia and Western Europe.
This infrastructure project will be one big crony-fest, riddled with corruption, cost over-runs and egregious waste at a time when America is spiraling downward in a black hole of debt. The government has dropped all pretension and is proudly declaring government-direction of all economic acitivity. This transfer of resources from private sector-directed production to government projects will be the greatest in history -- unless it is stopped. Government contracts will make many more companies dependent on government, and many more voting workers dependent on unions.
This is a statist power-play aimed against free enterprise.