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.

[August]

Originally Posted by Takeda Shingen

What happened to that money the first time around?

Darn good question.

[tater]

Gov spending is inefficient. Recently our utility had to trench the street and repave. Went well. Then last week the county fixed the road that leads to ours. There were about 8 guys just directing traffic. 2 would have done nicely. But 6 supervising 2 seems a gov norm.

The way Obama is going we'll lose our bond rating----which will be an unmitigated disaster.


Not having a massive tax increase would certainly help my family throw money into the economy.

BTW, I love trains, but passenger rail is a financial dog. Some commuter systems can be ok, but they are rare and virtually all other systems worldwide are massively subsidizEd.

[Gerald]

Originally Posted by tater

Gov spending is inefficient. Recently our utility had to trench the street and repave. Went well. Then last week the county fixed the road that leads to ours. There were about 8 guys just directing traffic. 2 would have done nicely. But 6 supervising 2 seems a gov norm.

The way Obama is going we'll lose our bond rating----which will be an unmitigated disaster.


Not having a massive tax increase would certainly help my family throw money into the economy.

BTW, I love trains, but passenger rail is a financial dog. Some commuter systems can be ok, but they are rare and virtually all other systems worldwide are massively subsidizEd.

but I guess where you live where there are avenues to move.....

[mookiemookie]

Originally Posted by tater

The way Obama is going we'll lose our bond rating----which will be an unmitigated disaster.

Take it from someone in the bond business - so long as the government retains the power to tax the American people, we won't lose our AAA rating.

Funny how people cry about Obama doing nothing about the economy. Then when he does something about the economy, they cry some more.

Politics.

[Zachstar]

I am kind of "meh" on this.

I much prefer his plan to stimulate technology and sciences. Those have the potential to really push us into the future.

[Biggles]

Well it helped you lot to push yourself out of the Depression back in the 30s. Same with Germany, same timeperiod. Makes sense to try it again I guess.

Originally Posted by Biggles

Well it helped you lot to push yourself out of the Depression back in the 30s. Same with Germany, same timeperiod. Makes sense to try it again I guess.

I suspect you are wrong.

Market Crash (Oct 1929) Depression begins

FDR Elected (Nov 1932) Depression continues

"First New Deal" (1933) Depression continues

"Second New Deal" (1935) Depression continues

Unemployment rate 19.0% (1938) Depression continues

Unemployment rate 4.7% (1942) World at War