President-elect Barack Obama said Saturday on his radio address that he plans to develop millions of jobs by "making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s." The economic recovery plan hopes to save or create 2.5 million jobs. And Obama continued his push for infrastructure investing on NBC's  “Meet the Press”  Sunday.  "We understand that we've got to provide a blood infusion to the patient right now to make sure that the patient is stabilized. And that means that we can't worry short term about the deficit," Obama said on the news program.

Obama's spending plan "is important in terms of it being another sign that policy response is ongoing and we should expect to see more from authorities through 2009," Robert Talbut, chief investment officer at Royal London Asset Management, told Bloomberg News. "That should help restore confidence in equity markets."

Stocks around the world rose sharply on the news.

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