(NBC) - The White House says it's not a stimulus, but the idea is similar.
Nearly $50 billion for infrastructure, fixing 150 thousand miles of roads, 4,000 miles of rail, 150 million miles of runways and building a new air traffic control system.
"Anybody want more delays in airports? Nah, I didn't think so!" Obama said.
The president claims it'll create jobs and won't cost a dime of borrowed money.
"This is a plan that will be fully paid for. It will not add to the deficit over time," said Obama.
Republicans attacked, saying Americans are skeptical about more spending.
"They're still looking for the 'shovel-ready' jobs they were promised more than a year ago," Senate Minority Leader Mitch McConnell said.
All this as Democrats are under attack headed into November's elections. Republicans picked their first target - Joe Donnelly (D-IN).
Analysts say ads and promises will only go so far. This election, voters are only looking at one thing - results.
"The economy's simply not going to improve before the election and there's nothing that Barack Obama can do about that," Peter Morici of the University of Maryland Business School said.