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Obama to propose $50 billion in infrastructure spending for

hypocritexposer

Well-known member
Obama to propose $50 billion in infrastructure spending for stimulus

What happens when over a hundred billion dollars in borrowed cash gets plunged into infrastructure spending and it fails to kick-start the economy? According to this administration, spend another $50 billion on the same failed policy. Barack Obama will unveil his new economic stimulus plan in Wisconsin today, while Russ Feingold looks for a place to hide:

http://hotair.com/archives/2010/09/06/obama-to-propose-50-billion-in-infrastructure-spending-for-stimulus/


Insanity: doing the same thing over and over again and expecting different results. — Albert Einstein, (attributed)
 

hypocritexposer

Well-known member
ReaganvrsObamajobcreation.jpg



Can any of the Dems. on Ranchers tell us how the 2 different policies affected Federal Tax Revenue?



Throw an anvil to a drowning man. If that fails, throw another anvil.
 

Lonecowboy

Well-known member
This is just a proposal-

Throw an anvil to a drowning man. If that fails, throw another anvil.

I hope it sinks!

obama is going to have a tough sell on this one in todays political climate-
even in a lame duck session- and it can be repealed!
 

hypocritexposer

Well-known member
Lonecowboy said:
This is just a proposal-

Throw an anvil to a drowning man. If that fails, throw another anvil.

I hope it sinks!

obama is going to have a tough sell on this one in todays political climate-
even in a lame duck session- and it can be repealed!


You're probably right. After watching what a flop the last stimulus was, even Dems. would have a hard time voting for the expenditure with elections coming up.
 

Lonecowboy

Well-known member
hypocritexposer said:
Lonecowboy said:
This is just a proposal-

Throw an anvil to a drowning man. If that fails, throw another anvil.

I hope it sinks!

obama is going to have a tough sell on this one in todays political climate-
even in a lame duck session- and it can be repealed!


You're probably right. After watching what a flop the last stimulus was, even Dems. would have a hard time voting for the expenditure with elections coming up.

O's coat tails seem to have an anvil strapped to them also-
maybe that is what is pulling his poll #'s down down down-
an empty suit with an anvil strapped to it doesn't offer much life support for a drowning party.
 

Tam

Well-known member
One has to wonder how this guy can be so deaf to the cries coming from voters to STOP SPENDING :roll:
 

Steve

Well-known member
correct me if I am wrong but.. the last bill was anything but an infrastructure bill, so how much of this bill will go into the pockets of democrat wish lists?



Obama made infrastructure improvements a central part of the $814 billion stimulus Congress passed last year,

$27 billion For highway and bridge construction and repair.

what happened to the other 73 billion? (payoffs)

let alone the other $787 Billion (payoffs?) that was not tagged to infrastructure..

BTW,.. the real price tag climbed while the amount spent on infrastructure dropped..
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oh.. my source... http://www.pbs.org/wnet/blueprintamerica/blog/384/384/ yep... PBS.. and we know they are not biased.
:? :???:
 

hypocritexposer

Well-known member
Larrry said:
obama knows exactly what he is doing

Of course he does. He is now going to give a tax break ($200 billion) to companies that buy capital assets or expand.

While I agree with the idea, It should have been done 2 years ago and I don't think it is going to gain him what he thinks it will. I think at the time it was a proposal by the Republicans, before the Stimulus was passed. And as I mentioned at the time, it should have been part of the original stimulus as part of any "Green" program. As far as factories or infrastructure, it should only be given out for buying older buildings for retrofitting, if they are deemed useable. Building new structures would be less environmentally friendly.

there probably isn't time to get it done before midterms, so the republicans will get credit for passing it and he will probably tick off more of his base.
 

hypocritexposer

Well-known member
Here he goes again.


Obama budget has $556 billion, six-year transport plan

(Reuters) - President Barack Obama on Monday proposed an ambitious long-term transport spending plan in his 2012 budget as a way to boost U.S. economic competitiveness and spur job growth.

While cutting other spending, Obama aggressively accelerated efforts to upgrade aging roads, bridges and introduce high-speed rail with a six-year, $556 billion package.

"It's really about a big vision, a bold vision, an innovative vision," Transportation Secretary Ray LaHood told reporters.

The total is 60 percent richer than the last transportation blueprint enacted by Congress, which expired in 2009.

Congress is working on its own transportation spending priorities with proposals expected soon. LaHood expressed optimism recently legislation could be approved this year.

In a sign of the intense opposition to Obama's transportation policies, House of Representatives Republicans on Friday proposed eliminating Obama's high-speed passenger rail effort.

Republicans hold the majority in the House and are seeking deep cuts across the board to narrow the budget deficit, which is forecast to reach $1.48 trillion this fiscal year.

The Obama proposal relies heavily on competitive grants and sidesteps earmarks in order to depoliticize how projects are financed. According to LaHood, the plan will consolidate 55 smaller highway programs into five different areas.

"This budget does all that I've talked about in bold terms ... without passing any debt on to future generations," LaHood said, adding the federal government will ensure "the dollars we give out do not exceed dollars coming in."

According to department documents, the proposal's high price would be paid by a "Transportation Trust Fund." Essentially, the administration would expand the current Highway Trust Fund to also back transit, high-speed rail, and a national infrastructure bank. But LaHood said Obama has not suggested where to find revenues for the bigger account.

Obama is not seeking to raise gasoline taxes nor does he embrace calls by some experts to charge motorists a fee for each mile they drive.

INFRASTRUCTURE BANK

Obama's plan includes a $53-billion proposal to advance high-speed rail over six years and a proposal to spend nearly 17 percent of the overall $556 billion transportation package in the first year.

It would also create an infrastructure bank capitalized at $30 billion over six years to finance the biggest projects with the help of states and private investment.

Obama pushed the infrastructure bank idea last year, but it got a cool reception in Congress and a government poll released this summer showed analysts, transportation agencies and states' leaders were unclear about how it would operate.

http://www.reuters.com/article/2011/02/14/us-usa-budget-transport-idUSTRE71D3WI20110214?feedType=RSS&feedName=domesticNews
 

Faster horses

Well-known member
A California congressman was on FOX news this morning defending
Obamas tax hikes to the rich and small businesses. The host of
the show asked him how that was going to create jobs because 5%
of the people pay 60% of the taxes. Instead of answering her question,
he argued that her information was wrong. She proved to him that
HER information was correct. Oh,yeah, and he brought up the BUSH
recession. They always fall back on blaming GWB.


The attention being paid to jobs now by the Dems is merely a smokescreen.
They have no idea how to create jobs.

The host also talked about the following. It is the highest since 1945.

U.S. debt has hit 90 percent of gross domestic product, or GDP, the level at which economic growth traditionally begins to slow, Jerome Corsi's Red Alert reports.

What is frightening is that U.S. debt is rapidly beginning to approach the same percent of GDP that has plagued European Union countries like Greece, with the same likely results – fiscal bankruptcy that requires continued borrowing for the government to remain in business and the risk of default that demands risk premiums to be paid for the borrowing needed to pay for the ever-expanding social welfare state," Corsi wrote.


FROM JEROME CORSI'S RED ALERT

U.S. debt soars to 90% of GDP
Expert: 'Nation can't borrow its way out of this'
 

Steve

Well-known member
Obama and the Dems keep looking back..

their focus.. saving bad mortgages.. and keeping people who are several years late on mortgage payments in a house they can't afford..
extending unemployment beyond all previous records.. and increasing the tax that funds it..
propping up to big to fail blundering banks, and forcing healthy banks to pay more in FDIC payments to make up the shortfall..

looking forward..


let the foreclosures happen..
help those struggling to hold onto their homes and are at least making payments in proportion to their existing income..
help those who can afford a loan get one
cut cost of VA loans and other state and fed loans programs.
( I checked into a VA loan.. closing cost were about three times as much as a conventional loan) so instead of my down payment reducing the principle ,it went to a mortgage corp and the government .

offer a special program for foreclosed / distressed sale homes built prior to 2007 if you like it, can afford the payment.. you can get a loan..

put a no-equity/no bankruptcy clause in the loans.. the US gov owns the equity until the mortgage is flipped to a conventional lender at 20% equity.


offer a graduated unemployment. if you get a job.. you still can get payments to make up to 100% of your past pay.. or to the current max of the system.
and for those who will not take any job after two years of unemployment,. an monthly 10% decrease in payments..


as for the banks/GM Chrysler. .. well it's payback time..


make sound programs moving forward , not propping up failure..
 
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