Infrastructure Spending Back On Obama Radar
What’s that saying about “doing the same thing and expecting different results”? It really doesn’t matter if Obama went to Columbia and Harvard. It doesn’t matter that he is POTUS. The guy is an idiot. That is the only answer to one of Obama’s latest economic stimulus plans
Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation’s roads, railways and airports that would cost at least $50 billion, administration officials said.
The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.
No offense to our blue collar worker friends, but, they aren’t the only ones out of a job. Furthermore, like the original Generational Theft Act, the jobs will only be short term. Once the projects are done, and the money is gone, now what? We’ve already tried this, the economy is still sputtering, yet, President Chump wants to do it again. The very definition of stupid, especially on top of how he is vowing to find news to simulate the sputtering economy with the same old same old. Is it any wonder why the White House is panicking over the mid-terms?
Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects.
Oh, good, this’ll create yet another bloated government office.
Officials wouldn’t say what the total cost of the infrastructure investments would be, but did say the initial $50 billion represents a significant percentage. Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.
So, they’ll build and repair all those roads, railways, and runways that will cost you an arm and a leg to use, due to the massive increases in fuel costs.
All of the ideas that Obama will lay out as he speaks to union workers, rather than the unemployed, today in Milwaukee will be short termed, and, since many of them are tax breaks, now he’ll all of a sudden want to use PayGo, offsetting this spending by doing away with tax breaks on multinationals and oil and gas companies, further causing harm to the economy and job growth.
(Correction: I originally wrote that Obama would be in Cleveland today. That whinefest, in which he continues to blame Bush and Republicans, is actually scheduled for Wednesday. )
Crossed at Pirate’s Cove. Follow me on Twitter @WilliamTeach. Re-Change 2010!
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Posted by William Teach on September 6, 2010 8:22 am
» Filed Under Barack Obama, Delusional Dupes and DUmmies, Economy, News, Stupidity, economic stimulus
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We’re suffering from massive leg wounds and severe bleeding. Obama is funding the unions to apply another tourniquet to our neck.
So how it works is that they spend trillions of our money to buy themselves friends, and then when the reality of all that indebtedness becomes undeniable they
1). Insist that we HAVE TO cut programs that they don’t like/don’t favor their friends
and
2). Insist that economic realities REQUIRE a tax increase.
First the utter irresponsibility, THEN a second round of picking “winners and losers” based on a heartfelt (but newfound) obsession with “responsibility”.
And the majority of the people funding this absurdity just soak this crap up…