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President Barack Obama on Friday announced new government investments in 66 projects to expand broadband connections in rural and poor areas across the country.

The $795 million in grants and loans funded by the 2009 economic stimulus act will create 5,000 construction and installation jobs, and generate $200 million in associated private investment, according to information provided by the White House.

"We're moving forward" in the creation of a twenty-first century economy, Obama said. "Studies have shown" that such an investment can eventually "lead to hundreds of thousands of new jobs." It will also accelerate the country's switch to a "smarter, stronger, more secure electrical grid."

Over 685,000 businesses, 900 health care facilities and 2,400 schools in all 50 states will benefit from the investment, according to a White House document.

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Hippie Operative Nikovich Nikita Nicovna Talibani,
signing off