How to Cover Wall Street

What could Barack Obama’s plan to save or create 2.5 million jobs by investing in green buildings, schools, and transportation mean for Wall Street? Deals, deals, deals.

Check it:

In a piece called “Infrastructure Finance Jobs to Surge under Obama,” A.E. Feldoman, a consulting firm, writes that Obama supports legislation already in the pipeline to create a National Infrastructure Bank.

If the bill passes, the new bank “would encourage local public agencies to ‘partner’ with private-for-profit entities to develop projects worth at least $75 million each.”

Just in case you’re wondering what the Democratic leadership thinks on the issue, consider Speaker Nancy Pelosi’s love letter to the National Council on Public Private Partnerships:

House Democrats in the New Direction Congress are committed to robust public investment in public transportation. In addition to this commitment we must also look to innovative public-private partnerships to fund our increasing infrastructure needs. Private investment is playing an increasingly larger role in public infrastructure and we must continue to offer innovative solutions at every level of government to face our transportation challenges.