Posted on 05/03/2021 4:31:49 AM PDT by MtnClimber
Both the Russians and the Chinese expect Biden's economic plans to flop. The Russian papers have latched onto the steep price tag. The Chinese wonder why Biden seeks to undermine American economic development.
Rossiya Segodnya's Praim economic news site notes the $2.3 trillion price tag just for Biden's infrastructure bill, and that together with his American Families Plan, Biden's economic plans will actually cost closer to $4 trillion over the next decade. As an observant Russian blogger on Livejournal notes, moreover, only 7% of the bill is actually related to infrastructure. He figures, "As it turns out, much of President Joe Biden's infrastructure plan has nothing to do with infrastructure, but rather the encouragement of dependency, by distributing all kinds of benefits instead of work for decent wages."
The Chinese state-controlled South China Morning Post maintains that China's own infrastructure projects offer lessons for Biden's new spending plan. China has relied upon spending on infrastructure for the past two decades as the PRC's go-to method to combat economic slowdowns, while supporting long-term development, notably the Guizhou-Guangzhou high-speed railway network, set to double in length by 2035.
As Joe Biden tweeted on March 31, "The American Jobs Plan is a once-in-a-generation investment in America." In his presidential address to Congress on Wednesday, Biden affirmed that "[w]hen I think climate change, I think jobs."
(Excerpt) Read more at americanthinker.com ...
When you break all of the windows you stimulate the glass industry. But when you are done you are at the same place as when you started, only poorer.
All we got around here from these stimuli is rebuilding the corners of streets, to make walkways more “wheelchair friendly”. It costs at least $100,000 for a corner, they rebuild hundreds, maybe thousands, of them. The old corners were wheelchair accessible as far a I could see. I really do not know why they needed fixing. Anyway, I have not seen anybody on wheelchair navigating them, ever.
As far as government spending is concerned, it is a perfects job, does not need too many permits and approvals, just shovel ready job.
Total waste of money, as far as I am concerned.
If the intention is to go full Socialist-Communist, at least go at it the right way, according to the two most prominent examples of large countries that have advocated such a command-and-control regime.
If the economic base of the territory once known as the United States of America get knocked down too far, it becomes a squalid Third World country with little immediate potential for exploitation. Hordes of starving and recalcitrant people tend to make occupation of that territory hazardous to the invaders. Consider the example of Afghanistan, truly one of the most blighted lands in all the world. They break empires there.
Real Communists schooling a wannabe (Obama) and his puppet. How cute.
Yes. Dressing up intersections seems to be a national craze. No real benefit but highly visible.
I received a letter in the mail Saturday from The White House stating that I’ll receive $2,800 from the Treasury Department as part of American Family Rescue. I thought this was a joke until others in my neighborhood received it also.
It’s real and a joke. It will end up costing me 5x in higher taxes.
Those Russians have Biden and the RATs down pat.
Remember the last obama stimulus. Shovel ready jobs and all that. Maybe a few signs crediting Oblowhole planted in a few places.
We never were told why nothing was really ever done, nor were we told exactly where all those tax dollars went.
But we can sure guess.
So, to extend your cynical reasoning, wasteful infrastructure spending and foolish immigration policies are in the long run invasion security policies. Because, who'd want to bother?
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