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Obama promises summer speed up of economic effort

hypocritexposer

Well-known member
This guy's math is a little wonky, but....

“Obama promises summer speed up of economic effort”-woohoo!
Posted by: Scott @ 11:46 am in Barack Obama, Baracks Broken Promises, Economy, Obama Euphoric-Rapture Syndrome, Obamanomics, POWER GRAB!, Politics, Socialism, labor unions (Visited 23 times, 23 visits today)

I know, another day, another economic photo op and pledge of hopeychangeyness from The One, but really…this one’s gonna make ya laugh (or cry buckets)

WASHINGTON (AP) - Eager to show action on the ailing economy, President Barack Obama promised Monday to speed federal money into hundreds of public works projects this summer, vowing that 600,000 jobs will be created or saved.

Surrounded by his Cabinet, Obama emphasized what has become a dominant issue of public concern—an economy that keeps bleeding jobs—on the day after returning from a week of diplomacy and sightseeing in the Middle East and Europe.

Did you see that? Since President Obama was elected, the US has lost about 600,000 jobs EACH MONTH, and to counter this President Obama is pledging to speed things up with the fake “stimulus spending” so that over 3 months, 600,000 jobs are created. Those jobs will be created at a cost of [DRUM ROLL...] about $1500000000 EACH!!!!!!!! Forget the fact that he’s only gonna create one month’s worth of jobs to counter 9 months of losses, the jobs he DOES create will be uber spending fiascos. No way-NO WAY are the people doing the new National Mall landscaping gonna get $1.5 BILLION each, but that’s what they’ll cost. So…where’s the rest of the money go? Ask ACORN.

In the meantime, remember 2 things:
1) This is happening on Obama’s watch
2) George W Bush never had us in this much of a mess
 
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Anonymous

Guest
It looks to me like the more progressive areas of the country have work going and people going back to work....

Montana cities, counties ready to spend federal stimulus money
By CHARLES S. JOHNSON
Gazette State Bureau

HELENA - Cities and counties across Montana are gearing up to spend millions of dollars of federal stimulus money to repair bridges and roads, make buildings more energy efficient and fix water and sewer systems.

The infusion of cash came to state treasuries from the American Recovery and Reinvestment Act passed by Congress earlier this year at President Barack Obama's urging.

The 2009 Legislature then approved a bill, signed by Gov. Brian Schweitzer, allocating nearly $20 million of the stimulus money to Montana local governments to pay for "shovel-ready" projects.

The stimulus money has two goals: putting people to work to help stimulate the economy and funding critical public works projects often delayed for lack of money. "They're ready to put people to work," said Alec Hansen, executive director of the Montana League of Cities and Towns. "A lot of this stuff is going to be the basic stuff these towns have been waiting to do for years, and they just never have had the money. Most of it's going to streets and roads, water and sewer and wastewater treatment."

Harold Blattie, executive director of the Montana Association of Counties, agreed. "There are a lot of deferred maintenance projects and roads and bridges," he said.

He cited McCone County, population 1,676, in northeastern Montana, with a low tax base. The county courthouse is in an old hospital in Circle with an inefficient boiler. County officials intend to replace it with an energy-efficient furnace at a cost of $350,000, Blattie said. The county's $146,000 share of the stimulus will help pay for it.

State Commerce Director Anthony J. Preite wrote all local governments in late May informing them exactly how much stimulus money each county and city would receive. Local governments were allowed to begin incurring eligible costs for their projects as of May 14, the day Schweitzer signed the bill into law.

"It's going as smoothly as you could expect," Preite said. "We're moving right along. We've got some very dedicated people here."

He said he reviewed the initial list of proposed projects and found nearly all met the criteria.

Preite said he did remove one proposal to fund a swimming pool. The federal law prohibits spending stimulus money on projects such as swimming pools, golf courses, zoos, casinos and aquariums.

Local governments will get 90 percent of their money when they sign contracts with the Commerce Department. The rest will come after they have finished filing all the reports on the projects required by the federal law.

Cities and counties must spend all of their stimulus money by Sept. 30, 2010. Any unspent money reverts to the department and to the state general fund.

They must file electronic monthly reports with the state showing how the money was spent, how many jobs were created and how they complied with the law.

Gearing up for improvements

Local officials are getting ready for the projects.

Lewis and Clark County already has let the bid for stimulus-funded work at its fairgrounds plaza, said Ron Alles, chief administrative officer. The project involves putting in curbs and gutters, improving the plaza around the fairgrounds' new main building and fixing storm drains.

"We've got dust and diesel flying down there," Alles said. "It was shovel-ready."

In Missoula, the city will parlay more than $1 million in stimulus funds with other money to install handicapped accessible ramps and do other work on the city's North Higgins Avenue streetscape.

Mayor John Engen said he believes the "bid environment" for contractors for projects looks good. Lower bids might make the dollars stretch further.

He wondered whether some additional stimulus money might surface later if some local governments in less-populated areas lack the capacity to put together the programs to spend their money. If so, Missoula stands ready to seek any additional money.

"If there's any spare cheese, I'll be there," Engen said.

Commerce Department officials, however, said they stand ready to assist local governments.

Money with a mission

Yellowstone County intends to spend part of its stimulus check to pave a mile of uphill gravel roads in each of two growing areas, Clapper Flat Road, north of Laurel, and Vandaveer Road, in the Blue Creek area south of Billings. Yellowstone County Commission Chairman Bill Kennedy said each of the paving projects will cost $100,000.

The county's other $84,000 will help remodel the sixth floor of the courthouse in Billings to accommodate a new district judge who will take office in January 2011.

"All of the stimulus money will be spent by the end of the calendar year," Kennedy said. "It's been real good. We'll spend those dollars. We could spend a lot more than that."

The city of Billings has targeted its $1.65 million of stimulus money to go with other funds to help pay for its Alkali Creek project, which involves moving the creek to prevent the Alkali Creek Road from washing away.

The stimulus money is critical for the project,

"We had it shovel-ready and couldn't afford it," City Administrator Tina Volek said.

Trails on track

Helena plans to spend $381,000 of its nearly $500,000 in stimulus funding to put trails in Centennial Park, City Manager Tim Burton said.

He said the city may ask the Commerce Department for permission to direct some of its remaining money on six neighborhood park projects and for vegetative treatment the south hills because of the damage pine bark beetles have done to trees.

The consolidated city and county of Butte-Silver Bow will get nearly $700,000 in stimulus money that's going for street and road maintenance, said Jeff Amerman, the government's finance and budget director.

"This is an investment in the future," said the League of Cities and Towns' Hansen. "It's a start. Ten million isn't going to solve all the problems."

But Montanans will be working this summer on much-needed local projects, Hansen said, and they will be cashing paychecks.
http://www.billingsgazette.net/articles/2009/06/08/news/state/18-montana.txt
 

Sandhusker

Well-known member
They build the bridge and then what? They're out of a job again and we're all paying more interest on a larger debt. We'll just have a nice bridge for the Chinese to drive over when they inspect their property.
 
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Anonymous

Guest
Sandhusker said:
They build the bridge and then what? They're out of a job again and we're all paying more interest on a larger debt. We'll just have a nice bridge for the Chinese to drive over when they inspect their property.

Hopefully after the 2 years of federal spending projects- the bankers of the world will start freeing up some of the wealth they're sitting on...And the private sector can again start funding things...And we'll have some badly need road, bridge and water projects completed...

Would you rather pay this out to unemployed workers and their families as unemployment, medicare/medicaid, welfare and soup kitchens... :???:
 

Mike

Well-known member
Oldtimer said:
Sandhusker said:
They build the bridge and then what? They're out of a job again and we're all paying more interest on a larger debt. We'll just have a nice bridge for the Chinese to drive over when they inspect their property.

Hopefully after the 2 years of federal spending projects- the bankers of the world will start freeing up some of the wealth they're sitting on...And the private sector can again start funding things...And we'll have some badly need road, bridge and water projects completed...

Would you rather pay this out to unemployed workers and their families as unemployment, medicare/medicaid, welfare and soup kitchens... :???:

I think we could have given every household in the U.S. a MILLION Bucks each and come out cheaper. Why we'd all be rich then!!!!!!!!!!!

Do the math.... :roll:
 

Sandhusker

Well-known member
Oldtimer said:
Sandhusker said:
They build the bridge and then what? They're out of a job again and we're all paying more interest on a larger debt. We'll just have a nice bridge for the Chinese to drive over when they inspect their property.

Hopefully after the 2 years of federal spending projects- the bankers of the world will start freeing up some of the wealth they're sitting on...And the private sector can again start funding things...And we'll have some badly need road, bridge and water projects completed...

Would you rather pay this out to unemployed workers and their families as unemployment, medicare/medicaid, welfare and soup kitchens... :???:

Why would spending money on federal projects free up the credit markets? It will only make things worse. You've got to quit drinking that damn Obama Koolaid and think for yourself.

I would rather we not spend money we don't have on a misrepresented spending plan, the likes which have twice been proven to be a mistake. I would rather we have a president who understands business and economics instead of Alinsky and socialism.
 
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Anonymous

Guest
Sandhusker said:
Oldtimer said:
Sandhusker said:
They build the bridge and then what? They're out of a job again and we're all paying more interest on a larger debt. We'll just have a nice bridge for the Chinese to drive over when they inspect their property.

Hopefully after the 2 years of federal spending projects- the bankers of the world will start freeing up some of the wealth they're sitting on...And the private sector can again start funding things...And we'll have some badly need road, bridge and water projects completed...

Would you rather pay this out to unemployed workers and their families as unemployment, medicare/medicaid, welfare and soup kitchens... :???:

Why would spending money on federal projects free up the credit markets? It will only make things worse. You've got to quit drinking that damn Obama Koolaid and think for yourself.

I would rather we not spend money we don't have on a misrepresented spending plan, the likes which have twice been proven to be a mistake. I would rather we have a president who understands business and economics instead of Alinsky and socialism.

Whether it worked or not in bringing us out of the depression- it kept people from starving during the Great Depression-- and now the Bush Bust is about on the same levels....

The alternative- total collapse of the economy was a p*ss poor alternative...And even Bush's advisors- when they finally woke up and realized things had collapsed around their ears- realized that with all the loss of private capital- and the freeze up of the rest- the government was the only answer left to keep things functioning...

I guess only time will tell who was right-- but I know all these Montana folks going back to work are pretty happy about it....
 

Sandhusker

Well-known member
Why sugar coat it? It didn't work. FDR's Treasury Secretary said exactly that. The Japanese tried it in the 90's - now they call that the "lost decade". Obama didn't learn much from history. Maybe they didn't teach US history in Indonesia when he had a different name and different religion....

So now, we face the very real threat of a total collapse of this nation under the debt that he is piling onto us, all in the name of a spending plan that he misreprested as stimulus and lied repeatedly on the content. What a great leader..... :mad:
 

hypocritexposer

Well-known member
Whether it worked or not in bringing us out of the depression- it kept people from starving during the Great Depression-- and now the Bush Bust is about on the same levels....

I thought that was one of the reasons for Unemployment and Welfare post depression?

Why the need to double up?
 
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