Wednesday, February 11, 2009

Stimulus Bill Bears Imprint of Technology

By CHARLIE SAVAGE and DAVID D. KIRKPATRICK
Published: February 9, 2009 NYTimes
http://www.nytimes.com/2009/02/10/business/economy/10corporate.html?em

WASHINGTON — To rally support for his administration’s economic recovery bill recently, President Obama invited about a dozen chief executives, seven of them from technology and energy companies, to the Oval Office.

Some of their industries’ top lobbyists, meanwhile, gathered in another office where Jason Furman, a top White House economic adviser, delivered a private briefing for groups expected to benefit most from the stimulus bill.

While much of the sprawling $800 billion legislation consists of tax cuts and broad spending increases for existing programs, like $27 billion on highways and $8.4 billion on public transit, the biggest outlay on new initiatives is essentially a technology industry wish list: in the Senate version, about $7 billion for expanding high-speed Internet access, some $20 billion for building a so-called smart grid power network and $20 billion for digitizing health records.

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