Monday, September 06, 2010

Obama’s Latest Jobs Plan

Seriously?

Administration officials said the transportation plan’s initial $50 billion would be the beginning of a six-year program of transportation improvements, but they did not give an overall figure. The proposal has a longer-range focus than last year’s economic stimulus bill, which was more targeted on immediate job creation.

The plan calls for rebuilding 150,000 miles of roads; building and maintaining 4,000 miles of rail lines and 150 miles of airport runways, and installing a new air navigation system to reduce travel times and delays.

Obama also called for a permanent funding mechanism, an infrastructure bank, to focus on paying for national and regional infrastructure projects. Officials provided few details of how the bank would work.

Obama said the proposal would be fully paid for. In an earlier briefing for reporters, administration officials said Obama would pay for the program by asking lawmakers to close tax breaks for oil and gas companies and multinational corporations.

So after spending nearly a trillion dollars to spur job growth and failing, he proposes another “shovel ready jobs” program for another $50 Billion with no specific idea how to fund it. 

Par for the course.

(9) Comments
Posted by Owen at 1916 hrs
Economy + Politics + Politics - General

  1. Democrats don’t pay for their stuff, Republicans don’t pay for theirs either.  Politicians paying for anything honestly and up front is very unpopular, and Americans are too loathe to accept responsibility for the mess to accept that meaningfully addressing our debt in the way that’s necessary probably requires drastic cutbacks in spending and some substantial tax hikes of some variety.  Another moment when conservatives and liberals are both a little bit right.

    But politicians?  They’re all full of crap, just like the people they represent.

    Posted by Recess Supervisor on September 06, 2010 at 1942 hrs


  2. I can’t tell which was more pathetic today.  Obama talking about blowing more money from his “stash” or Russ Feingold twelve blocks away at a labor rally telling a TMJ4 reporter that he couldn’t attend Obama’s speech because he really wanted to attend the Labor Day parade in Janesville.  And that since Obama wouldn’t move the time of his event, he couldn’t make it, since “you can’t be in two places at the same time”

    Posted by .(JavaScript must be enabled to view this email address) on September 06, 2010 at 2004 hrs


  3. I’m with RS, again. This is getting a bit weird.

    Posted by .(JavaScript must be enabled to view this email address) on September 06, 2010 at 2124 hrs


  4. On paper, it may not be a bad idea if it is paid for with cuts somewhere else.  I mean true cuts, not fake ones like the teacher stimulus bill had.
    But I don’t trust Obama and the Dem’s (or RINO’s) they will have strings attached where the States will have to accept the money and then blow up the state budgets to do so.
    It would be nice to upgrade air traffic control, though I thought they just did this.
    I can think of a billion or two to have an Interstate from Phoenix to Las Vegas and beyond and a lot more more for oter Interstates.
    But it will probably go for mass transit, green cars and other stuff people don’t like.

    Posted by .(JavaScript must be enabled to view this email address) on September 06, 2010 at 2221 hrs


  5. I take back what I said.  I ran the numbers and at 150,000 miles of roads at $1.25 million a mile, it will cost $187,500,000,000, which is $137,000,000,000 over budget already.
    http://lasvegasbadger.blogspot.com/2010/09/obama-proposes-50000000000-stimulus.html
    Seriously, and they thought Bush was stupid?

    Posted by Dan on September 06, 2010 at 2305 hrs


  6. Lets see we are going take money from some people and give it to other people. Wow now thats change.
    2nd verse same as the 1st

    Posted by .(JavaScript must be enabled to view this email address) on September 07, 2010 at 0520 hrs


  7. I said it yesterday before his speech and today I am sticking to my guns. This is a bailout for the union, the construction unions to be specific. The teachers got there piece of pie last handout.

    Interesting where he will find the funds, if its taken from the energy sector no doubt it will come back to haunt everyone on there monthly bill. But we cant call this a tax, democrats always bring it in the backdoor, redistribution is a much more pleasant word.
    We shall see his own party finds him toxic, election is on everyones mind, doubt much will get accomplished this fall.

    Posted by .(JavaScript must be enabled to view this email address) on September 07, 2010 at 0557 hrs


  8. It’s the motis operandi for all Democrats: Throw money at a problem.  If the problem doesn’t go away, throw more money.

    Posted by .(JavaScript must be enabled to view this email address) on September 07, 2010 at 0757 hrs


  9. This is what we were promised in the first stimulus - infrastructure, roads & bridges. And after they sold it that way & got acceptance, they used it on a 40-year wish-list of Democrat spending that couldn’t get passed on it’s own. Less than 3% of the last stimulus was spent on roads & bridges.

    Fool me once, shame on you. Fool me twice, shame on me.

    Posted by .(JavaScript must be enabled to view this email address) on September 08, 2010 at 1449 hrs


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