Obama bombs on public works

Fiscal Times - U.S. public construction spending as a percentage of the overall economy has dropped to its lowest point in 20 years, after a big uptick before the Great Recession, according to Joe Weisenthal at Business Insider. Overall, just two percent of the U.S. gross domestic product goes to infrastructure construction, compared to 5 percent of GDP in Europe and nine percent in China, according to a government report.