Obama to announce $8B for rail corridors

WASHINGTON - A day after delivering a State of the Union address aimed at showing recession-weary Americans he understands their struggles, President Barack Obama intends to award $8 billion in stimulus funds to develop high-speed rail corridors and sell the program as a jobs creator.

Obama and Vice President Joe Biden plan to announce grants for 13 major corridors during a town-hall meeting in Tampa, Fla., today, the president's first public appearance following his speech to the nation. It's an attempt by the White House to show that getting Americans back to work is the president's top priority and that he has a plan for how to do it.

The president's visit to the region means Florida's proposal for a high-speed line connecting Orlando and Tampa is likely to receive funding. California's proposal for an 800-mile-long rail line from Sacramento to San Diego and a nine-state proposal in the Midwest are also considered strong contenders.

The $8 billion in funding rail projects is part of the $787-billion recovery act.

Besides the 13 corridors receiving grants, a White House official said, several smaller awards will be made for improvements to existing rail lines. Overall, 31 states will receive funds.

The official said the projects are expected to create or save tens of thousands of jobs in areas such as track-laying, manufacturing, planning and engineering, though there is no time frame for how long it will take for those jobs to develop.

Though the White House is quick to point out that the economy is no longer on the brink of a depression, as it was when Obama took office, stemming the free fall hasn't translated into job growth.

The unemployment rate has hovered near 10 percent for several months, while Obama's approval ratings have dropped.