Hahahahahaha! President Obama is back from vacation and back to CAMPAIGNING!!! I thought the first $787 BILLION stimulus was going to be spent on shovel ready projects 1 1/2 years ago. Remember that money was going to repair our ROAD's and BRIDGE's. Now this... I'd like to remind everybody that it was President Obama himself that told us while campaigning before he went on vacation that "It could be worse." Now he's back to his presidential campaign slogan of "Yes we can." I posted the article detailing his "It could be worse." speech a few months ago. Oh and do us ALL a favor and STOP offering tax credits as the solution. That is different from TAX CUTS! And how much do you want to bet that this $50 BILLION taxpayer dollars goes to his campaign supporters! These will ALL be UNION JOBS! Watch and pay attention to who these government contracts go to and how many jobs are really created. The first jobs would not be created until 2011. Go figure! Does President Obama understand the meaning of the words STIMULATE and JUMP-START?
This is what President Obama tweeted today: "This Labor Day, know that I’m going to keep fighting to turn this economy around, put our people back to work, and renew the American Dream." He keeps dangling that carrot in front of all of his supporters. Now if ALL Americans would take a good hard look at what he's done with the $1 TRILLION he has already been given to turn around the economy, you may start realizing it's all a con. He's a politician not a god. There should be no blind faith for ANY politician. They work for us. They are our employee's INCLUDING the President. He has invested $1 TRILLION taxpayer dollars on junk projects and now we are watching the economy tank as a result. When he says put our people back to work, he means UNION members! Note to President Obama, the private sector makes up the MAJORITY of the labor market and is responsbile for the MAJORITY of the tax revenue or at least it did before you became president. The private sector should be your MAIN FOCUS! After all, what all of you have NEVER STOPPED to think through... it is the PRIVATE SECTOR who employs your Union buddies!!! Therefore, as the PRIVATE SECTOR SINKS into the abyss, so do your UNION buddies jobs!
President Obama may be intelligent in his area of expertise - LAW, mainly civil rights as a community organizer. However, President Obama is a real DIPSH*T when it comes to having ANY KNOWLEDGE of business, finance and economics! ERGO, this would explain his chief economist and treasury secretary cabinet choices! and ALL of the other DIPSH*T's he has surrounded himself with.
This is what President Obama tweeted today: "This Labor Day, know that I’m going to keep fighting to turn this economy around, put our people back to work, and renew the American Dream." He keeps dangling that carrot in front of all of his supporters. Now if ALL Americans would take a good hard look at what he's done with the $1 TRILLION he has already been given to turn around the economy, you may start realizing it's all a con. He's a politician not a god. There should be no blind faith for ANY politician. They work for us. They are our employee's INCLUDING the President. He has invested $1 TRILLION taxpayer dollars on junk projects and now we are watching the economy tank as a result. When he says put our people back to work, he means UNION members! Note to President Obama, the private sector makes up the MAJORITY of the labor market and is responsbile for the MAJORITY of the tax revenue or at least it did before you became president. The private sector should be your MAIN FOCUS! After all, what all of you have NEVER STOPPED to think through... it is the PRIVATE SECTOR who employs your Union buddies!!! Therefore, as the PRIVATE SECTOR SINKS into the abyss, so do your UNION buddies jobs!
President Obama may be intelligent in his area of expertise - LAW, mainly civil rights as a community organizer. However, President Obama is a real DIPSH*T when it comes to having ANY KNOWLEDGE of business, finance and economics! ERGO, this would explain his chief economist and treasury secretary cabinet choices! and ALL of the other DIPSH*T's he has surrounded himself with.
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Reuters
written by Steve Holland
Monday September 6, 2010 4:09pm EDT
President Barack Obama, scrambling to jump-start job creation in a sluggish economy, proposed on Monday a six-year, $50 billion plan to rebuild aging roads, railways and airport runways.
"We are going to rebuild 150,000 miles of our roads -- that's enough to circle the world six times... We're going to lay and maintain 4,000 miles of our railways -- enough to stretch coast-to-coast," Obama said.
Obama laid out the plan at a rousing labor rally where several thousand supporters cheered his every line, especially when he said the United States cannot have a strong economy without a strong middle class.
"I am going to keep fighting, every single day, every single hour, every single minute to turn this economy around," he said.
The infrastructure plan is one of several initiatives that Obama, who is struggling to persuade Americans that his economic policies are working, is due to unveil this week.
With fellow Democrats facing punishment from recession-weary voters in November 2 congressional elections, Obama is under pressure to do more to create jobs and bring down the stubbornly high 9.6 percent unemployment rate, even as economists agree he has few good options left.
A centerpiece of his new plan to stimulate the recovery is a proposal for the U.S. Congress to increase and permanently extend a tax credit for business research and development.
The tax credit proposal, which was widely expected by investors, would cost $100 billion over 10 years. He is to lay out the plan on Wednesday in Cleveland.
Economists are skeptical any measures Obama takes now will make a significant difference in the $13.2 trillion U.S. economy and point out that investments in infrastructure typically do not stimulate the economy quickly.
While Obama declared some jobs would be created "immediately" under the plan, a senior Obama administration official said the proposed infrastructure overhaul would not have an immediate impact on the economy and said the first jobs would not be created until 2011.
"This is not a stimulus, immediate-jobs plan," the official said told reporters on a conference call.
DETAILS OF PLAN
Under the infrastructure plan, Obama is proposing to:
- Rebuild 150,000 miles of roads;
- Construct and maintain 4,000 miles of rail;
- Rehabilitate or reconstruct 150 miles of runway and modernize the air traffic control system and;
- Set up an infrastructure bank to leverage private, state and local capital to invest in projects.
Transportation construction spending would likely help companies like equipment maker Caterpillar Inc, privately held engineering firm Parsons Corp, and conglomerate General Electric Co.
Obama used his appearance in Milwaukee -- and a trip to Cleveland on Wednesday -- to set the tone for the fall campaign. Monday's Labor Day holiday marks the informal start of the election campaign season.
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