i met with the president of skanska's u.s. operations in the new subway tunnel the company is building 100 feet below new york's second avenue. as we continue our series, "how to fix the economy," mike mcnally told me that if president obama's jobs bill goes through, it could create more construction projects like this one. >> if $140 billion is a lot of money. but you got to understand we need significant investments in our infrastructure to keep us competitive in the world. right now we spend 2% of our gdp in the u.s. on infrastructure costs. china spends 9, europe spends 5. so it helps. but it's not a big help to be honest to you. it's just not a lot in such a big industry. >> susie: mike, a lot of people are wondering what is the economic benefit of the shovel-ready infrastructure projects. do they really create long-term jobs or is it a short-term fix? >> no, i think it is absolutely a long-term fix. once we get our infrastructure right i think you'll see the private sector surge. i mean the stimulus itself of these jobs