What it really amounts to is doling out money to corporations:
To build a 21st century economy, we must engage contractors across the nation to create jobs rebuilding our crumbling roads, bridges, and schools.
Contractors — you mean those companies that made out like bandits on the Iraq war? Great. President Change is switching from funding the military-industrial complex to funding the cement-industrial complex. What ever happened to the Works Progres Administration and all those awesome Art Deco buildings built in the 1930s? Barack, baby, let's do this stimulus with style, okay?