Obama to Call for Major Road, Rail and Runway Spending

[Gerald]

Vowing to find new ways to stimulate the sputtering economy, President Obama will call for long-term investments in the nation's infrastructure that would cost at least $50 billion, administration officials say.

http://www.foxnews.com/politics/2010...ture-spending/



Note:Published September 06, 2010

Keynesian economics gone wild. If $789 Billions doesn't do the job why would $50 billions?

In my opinion this shows the diconnect between Obama and the American people, especially the electorate. Who's money does this asshat think he is spending (read throwing away), on more failed policy?

Obama went on another vacation and spends $50 billions!

[Takeda Shingen]

I agree that our transporation infastructure is in dire need of overhaul and repair, and has for a long, long time. Still, I would question the wisdom in spending another $50 billion on top of the stimulus that was already supposed to include earmarks for infastructure. What happened to that money the first time around?

Originally Posted by Takeda Shingen

I agree that our transporation infastructure is in dire need of overhaul and repair, and has for a long, long time. Still, I would question the wisdom in spending another $50 billion on top of the stimulus that was already supposed to include earmarks for infastructure. What happened to that money the first time around?

I knew we'd agree on something eventually. to you Takeda Shingen.

[Platapus]

Awesome! We do need to start rebuilding our rail systems. For a country with our resources it is a shame what has happened to our passenger rail systems in the past 40 years.

Obama went on another vacation and spends $50 billions!

Hold on, so he is working on his vacation.
I hope he is billing for overtime

Originally Posted by Tribesman

Hold on, so he is working on his vacation.
I hope he is billing for overtime

[GoldenRivet]

America: noun - A massive hole located between Canada and Mexico that the government throws money into.

I agree that our nations infrastructure is in need of modernization.

i also agree that there are numerous things i need to do to improve my house.

unlike the president however... i have a budget to work with and i realize that now is probably not the time for such spending.

unlike the president however... i have a budget to work with and i realize that now is probably not the time for such spending

An economic downturn, especially one hitting the construction sector is the best possible time for such spending.

Originally Posted by Tribesman

An economic downturn, especially one hitting the construction sector is the best possible time for such spending.

Did you miss the fact that part of the $789 billions was 'supposed' to take care of the infrastructure and construction concerns?

So if that didn't work, why, oh why throw good money after bad?

[GoldenRivet]

What tribesman appears to not understand according to his quote there... is that one thing that is really going to bring this economy back is consumer and investor confidence.

right now there are a lot of people who are upset about the exorbitant government spending we have seen over the last couple of years.

we need to go into savings mode. we need to create more jobs by not taxing the absolute HELL out of businesses.

think about all of OUR jobs over in China, Indonesia, India, Pakistan, Mexico... if you want to know the story of America, read an effin "made in..." tag on virtually any product.

we need to be giving businesses and industry a reason to bring those jobs back to our shores and/or create new ones.

but unless you want to take it up the rear as a business owner - it is in your best interest right now to shrink your operation - not grow it!

[antikristuseke]

For production jobs to come back to the states another thing needs to change besides taxes, that is the wage expecations of people, as it stands it is cheaper to produce crap elsewhere due to workforce costs. That is not likely to change though unless the wage expecations grow to be on par with those in the states.

we need to create more jobs by not taxing the absolute HELL out of businesses.

Didn't you recently exagerate your business taxes by a massive amount here to make it look like you were getting really badly screwed?
Such episodes do not add much reliability to your claims about taxing the hell out of business.

think about all of OUR jobs over in China, Indonesia, India, Pakistan, Mexico... if you want to know the story of America, read an effin "made in..." tag on virtually any product.

So is that an issue of low business tax or incredibly low third world wages?

Did you miss the fact that part of the $789 billions was 'supposed' to take care of the infrastructure and construction concerns?

Don't you mean that a part of it went towards starting to tackle some concerns which badly need addressing?

Watch and see the coming wave.

[August]

Originally Posted by Takeda Shingen

What happened to that money the first time around?

Darn good question.