I didn't see a thing about fostering the development of advanced computerized control modules for existing automobiles.
Then, the latest trick is to increase taxes on air travel.
Here's a neat one for Obama to make his program more consistent ~ stick a $1000 per trip tax on each planned high speed rail passenger ~ California by itself ought to be able to pay off the national debt in no time given the number of passengers they propose hauling.
Good roads are nice, sure. But prosperity does not magically occur just because you have roads and bridges.
They’ve been cooking this one up for over a year.
Real urgent stuff, don’t ya know.
*****************************
*snip*
WASHINGTON | Tue Sep 21, 2010 3:00pm EDT
“”Creating a national infrastructure bank is an idea whose time has come,” Robert Wolf, chief executive of UBS Americas, told at a Senate Banking Committee hearing called to explore alternatives for financing infrastructure projects.”
*snip*
“Obama envisions creating the bank as part of long-term infrastructure spending legislation expected to take shape in 2011. Presidential advisers have suggested capitalizing the bank at $25 billion.”
http://www.reuters.com/article/2010/09/21/us-usa-infrastructure-bank-idUSTRE68K42V20100921
Robert Wolf:
*snip
The two men first met in December 2006 in the New York office of billionaire investor George Soros. Mr. Wolf was a newcomer to elite Democratic donor circles. Then-Sen. Obama, still months from launching his bid for the White House, was desperate to raise campaign cash on Wall Street.
http://online.wsj.com/article/SB10001424052748703822404575019413702273210.html
*snip*
In addition to his roles at UBS, Robert was appointed as a member of President Obama’s Council on Jobs and Competitiveness and prior to that was on the President’s Economic Recovery Advisory Board chaired by former Federal Reserve Chair Paul Volcker, from 2009-2011.
http://www.ibb.ubs.com/Meet_our_mngmt/robert-wolf.shtml
By the way, are we going to be bailing out UBS?
These people are crazy, where does she think that 10B comes from? My tree out front is just tired of getting picked!
Another day, another con.
You would think Obama would give up on the failed idea of using a curious collection of White House czars to manage complex economic and regulatory issues. No way.
Instead, in the American Jobs Act, Obama is proposing a new group of czars as a part of his "jobs" act-- the American Infrastructure Financing Authority (AIFA) czars. President Obama’s newest czars will be given the authority to manage over a trillion dollars of federal funding for roads, bridges, buildings, waterways, dams and other infrastructure.
Here we go again. No doubt, Obama hopes that few legislators or American citizens will read the deadly details buried within the 199 pages of his proposed American Jobs Act that will establish this latest czar-ship, nor understand just how expensive AIFA is going to be.
As with Obama’s other czars, the AIFA czar comes with infrastructure requirements of his own: staff, office space and technology needed to perform the job. Managing what is in reality a trillion dollar budget is going to require a huge new staff that will, essentially represent an entire new federal agency. Of course, nowhere does President Obama tell us why a new czar is required to manage infrastructure projects. More importantly, Obama does not explain why the vast federal bureaucracy now responsible for these activities must be bypassed and a new, redundant agency is built.
Make no mistake: the AIFA Czar position is redundant. All of the infrastructure projects and tasks identified to be performed by Obama’s new Czar are already the responsibilities of the Senate-confirmed heads of Department of Transportation, the U.S. General Services Administration and the Department of Energy.
You damned criminals!
Kerry and Hutchison? Make a note of that.
The freaking "Money Fairy" again!
Where, pray tell, does the "Bipartisan Infrastructure Bank" get the money to lend?
It’s a slush fund that is to be administered by yet another unelected “Special Adviser to the President” (read: “Czar”) who will deftly bypass the Congress completely (along with any prayer of checks or balances) to award money to unions who will return it to Democrat politicians via their dues which the Union will donate on their behalf.
And those very same Democrats will be running on a deficit cutting platform, and playing hero to the common man.
And there are plenty of RINOs in Congress who think this is a marvelous idea.
“infrastructure bank” = slush fund.
In my town, there is a public park with a 4-5 story fire training tower in it.
The first stimulus paid to tear down the perfectly usable tower, and replace it with a nearly exact copy, with possibly a few extra rooms and some kind of shiny siding on the outside. It also has a lovely new cement driveway and big fence around it now.
That’s the sort of “investment” these things pay for.