Did you see President Obama talking about infrastructure investment last Monday?Building off his Labor Day announcement of a bold new plan for modernizing and rebuilding America's roads, railways, and runways , President Obama held a meeting last Monday on the economic impact of infrastructure investment on our states and local communities at the White House.Joining the President at the meeting was Treasury Secretary Tim Geithner, Secretary of Transportation Ray LaHood, former Secretaries of Transportation Norman Mineta and Samuel Skinner, Governors Ed Rendell and Jack Markell, and Mayors Antonio Villaraigosa, Mick Cornett, Julian Castro, Michael Coleman, Michael Nutter, Stephanie Rawlings-Blake, Kasim Reed and Joe Riley. The group discussed the current state of US transportation infrastructure in cities and states across the country, the challenges they face to improving their infrastructure, and the short- and long-term economic impact of new infrastructure investment.You can watch his speech on InfraPPP World:The Department of the Treasury, with the Council of Economic Advisers, has conducted an analysis of the economic effects of transportation infrastructure investment. There are four key reasons why now is an optimal time to increase our investment in transportation infrastructure:

• Well designed infrastructure investments have long term economic benefits;
• The middle class will benefit disproportionately from this investment;
• There is currently a high level of underutilized resources that can be used to improve and expand our infrastructure; and
• There is strong demand by the public and businesses for additional transportation infrastructure investments.

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