What Shovel-Ready Projects Mean For The Economy

President Obama's stimulus plan designated tens of billions of dollars for so-called "shovel-ready projects," including stalled infrastructure development.

First, University of Southern California's Richard Little talks about what those projects mean for both the nation's ailing economy and crumbling infrastructure.

Then, follow the money. Walter Jones III runs a construction firm in Kalamazoo, Michigan and re-trains people in his area.

Now, he's looking to for stimulus money to keep it going. Finally, contractors across the country talk about using stimulus money for various "shovel-ready projects."

Kris Young in Iowa and Wayne Lindholm in southern California reported.

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