Ron Johnson: “Would cost a couple $100,000 per transformer.”

“Right. And we have done, we've known about this publicly since 2004, 2008, these recommendations. Seven years later we have virtually done nothing in terms of some quick fixes. Would cost a couple $100,000 per transformer. When by the way, we spent $800 billion, 2009 and 10 on a stimulus package looking for shovel ready projects. This would have been a pretty good shovel ready project.” (16:22–16:27)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.