President Barack Obama's State of the Union speech included far-reaching economic proposals -- comprehensive tax reform and a multi-billion dollar jobs plan that stalled in 2011. Both will certainly require the cooperation of a gridlocked Congress.
But Obama signaled his intent to get around congressional inaction by using private-sector dollars and existing government resources to fund research and infrastructure improvements aimed at bolstering good-paying jobs.
Economists have long pointed to America's outdated system of roads, bridges and ports as a huge opportunity to put millions of unemployed people to work. Major infrastructure initiatives would require significant funding from a Congress laser-focused on the deficit.
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