Skip to comments.Obama to Call for $50 Billion Spending on Public Works
Posted on 09/06/2010 7:56:00 AM PDT by reaganaut1
President Obama on Monday is to call for as much as $50 billion in government spending to start up a long-term public works plan emphasizing transportation projects roads, rail and airport runways over the next six years.
Mr. Obama will lay out the plan, which is intended to promote the quick creation of construction jobs but would require Congressional approval, during a trip to Milwaukee on Monday afternoon, where he will observe Labor Day by attending a union festival. The spending is one part of a broader economic recovery package that Mr. Obama is to unveil during a speech in Cleveland on Wednesday.
With Democrats looking at a bleak election season, in large part because of high unemployment, the White House has been scrambling to find ways to jump-start the sagging economy.
While Mr. Obamas plan would call for investment over six years, the White House says it would be front-loaded with an initial investment of $50 billion in taxpayer money, to help create jobs in the shorter term. The administration says it would work with Congress to find ways to pay for the plan, so that it would not add to the nations rising deficit. One possibility would be to cut existing subsidies for oil and gas exploration and production.
White House officials said Mr. Obama wanted to rebuild 15,000 miles of roads, construct and maintain 4,000 miles of railway enough track to span the continent and rehabilitate or reconstruct 150 miles of airport runways while putting in place a system that would reduce travel time and airport delays.
The president will also call for what the White House is describing as an infrastructure bank that would focus on paying for national and regional transportation projects.
(Excerpt) Read more at nytimes.com ...
He’s a blooming idiot.
Alexis de Tocqueville
It’s designed to keep dem. congressmen from having a major increase in unemployment in Nov.
More useless FDR garbage.
Deja vu all over again......
The great government proboscis will pierce our backs once again to suck the juice out and spit it into the bottomless bowls of the hungry and useless Democrat voters.
Obama Economic Team: Stuck on Stupid
Hey DC clown posse, how about doing what actually works for a change?
If private industry does not start to hire soon, everyone will be dependent on the government.
This money is all targeted to a specific union - bet money on it.
So, let me get this straight...he is going to kill all of the incentives to drill for oil and gas in this country, and then he is going to slap a carbon tax on us, effectively killing the oil and gas industry. Hope you folks don’t mind paying $10 a gallon to our saudi allies.
Oh, nuts! More road construction. At least the road builders are having a good year... Oh, and the union slobs... “Wanted. Fat guys with cracks hanging out to fix roads. The educated need not apply...”
Just think of all the money that has been spent on transportation and infrastructure. Remember the $200 billion-odd highway bill during the Bush years?
This bill will require that each project have flashing neon signs “Paid for by Barack Obama and the democrats. We love you more than the Republicans do.”
“With Democrats looking at a bleak election season, in large part because of high unemployment, the White House has been scrambling to find ways to jump-start the sagging economy. “
So the quick cure for an economy in depression, is public works projects?????
So help me! This guy is seriously making James Buchanan look like George Washington!
That's a feature to them...not a bug.
Good Lord. I am in a bad mood waking up to this Crap. These people have got to be stopped. Somebody cut up their credit cards!
Click here to see video.
We only hire people when customers show up and sales increase. We don't see this happening so we are not hiring more people. The only stimulus that will turn the economy around is an increase in aggregate demand for private sector goods and services. Only people who sell stuff to road builders are having a good year and these businesses don't maintain large employee bases. If the Dems just sent every man, woman and child in America a check for $50,000 and told them to "live it up a bit" the recession would be history (and, so would the dollar, but that's a tale for later). This stimulus is about making Democrats VERY, VERY rich at the expense of the rest of us...
We still haven’t spent most of the $800 billion stimulus which was targeted to “shovel-ready” jobs, because the jobs weren’t ready.
Promising another $50 billion to be spent years down the road isn’t going to do anything.
I say this even though I marginally prefer that if we are going to spend money we don’t have to stimulate the economy, we might as well spend it on roads that will exist long-term and that we need, rather than on hiring teachers and public employees we don’t need or want.
Oh wait that is reserved for political payoffs and campaign funds. That's probably where this money is headed also.
This has nothing to do with stimulus or paying off unions.
It has everything to do with a proposal some demcrats will be able to oppose on “conservative fiscal principals” to help them out in November.
It’s a political false flag op.
This is racial hatred against whites. These people truly hate our guts... I’m starting to feel a bit like a Rhodesian Farmer...
“Lame Duck Pork “
They can’t stop stealing our money, ever... even to help their election chances.
“I read somewhere that the money is useless because the projects still have to go through local, state, and federal regulatory hurdles.”
Yup, and this is why if I remember correctly the Left screamed about “No Child Left Behind” being a major Bush failure, and basically useless.
Money is already being spent on infrastructure projects from the first stimulus so this second stimulus is just another scam just as the first scvamulus was.
Money is already being spent on infrastructure projects from the first stimulus so this second stimulus is just another scam just as the first scamulus was.
This is a lie. The Federal government ran out of taxpayer money $1.5 trillion ago. This $50 billion will simply be another expansion of the money supply which will further erode the value of this once great nation.
Furthermore, the entire 'plan' is quite disingenuous considering how heavily the original so-called 'stimulus' bill was marketed as an infrastructure bill. For $800 billion (which is more than the entire cost of the Iraq War under Bush), we should have had all our infrastructure built by now.
I see you recognize that customers have tapped out their credit cards and home ATM machines. After some dozen years of shipping jobs to other countries for cheap labor, the money well is dry. Recovery awaits our making more of what we import.
Japan’s been doing this for 20 years. It still hasn’t worked.
Just like FDR’s WPA which didn’t work.
Change is coming, prepare now.
There. I fixed it.
I see Rasmussen -30 on the horizon.
I agree. Still it’s a stupid move. Voters will associate the $50 billion spending with Obama and the democrat party no matter how many of them “oppose”.
The GOP leaders in Washington should be demanding a forensic audit of where all of the original "stimulus" money went. We are aready now how many trillions of dollars in debt, and now he wants to spend another $50 BILLION? And, that's just the INITIAL "investment"? (spending the tax payer dollars on roads and airports is NOT an "investment"! No-one is getting any return on this money except probably the state DOTs, and of course, the hand picked construction companies.
How much is this 6-year plan going to cost in total? $50 billion on its face, but how much more will be spent over the course of this plan?i
I'd like to ask Obama how this is going to create lasting jobs for American ciizens? What happens in 6 years when the gov't stops subsidizing the industry? I guess he doesn't care because he won't be around to blame? Or, it's just one more treasonous action meant to further affect the economic situation
I don't suppose that liberals will ever figure out that problems do not get fixed by throwing more money at them. This is infuriating!
“A foolish consistency is the hobgoblin of little minds, adored by little statesmen and philosophers and divines.” -Ralph Waldo Emerson.
you mean, more stimulative infrastructure spending like this?
THe GOP needs a film documentary of abandoned “shovel ready job sites” libned with those stupid “ARRA” obama signs, already sitting empty across this nation.
There’s at least 25 miles along the southern NJ turnpike, obama recovery signs installed, miles and miles of dozers and trucks sitting in the median and by the roadside..... not a soul to be seen working.
exactly.... and where are those “shovel ready” jobs that the billion dollar stimulus lie was supposed to create? lies, lies and more lies.... and the sad part is that we knew WHAT he was when he was put into office...!
The GOP needs a film documentary of abandoned “shovel ready job sites” lined with those stupid “ARRA” obama signs, already sitting empty across this nation.
There's at least 25 miles along the southern NJ turnpike, obama recovery signs installed, miles and miles of 'dozers and trucks sitting in the median and by the roadside..... not a soul to be seen working.
Indirectly yes. But the plan is to try to get Republicans to vote for more spending and to allow vulnerable Rats to start screaming about how the GOP voted for more spending.
I noticed the frequent use of ‘Mr.’ Obama in the article. I wonder how many times GWB was referred to as ‘Mr.’ Bush by the NYT?
Mind Strong Back Is A Terrible Thing To Waste"