Posted on 12/07/2008 9:57:59 AM PST by strange1
President-elect Barack Obama added sweep and meat to his economic agenda on Saturday, pledging the largest new investment in roads and bridges since President Dwight D. Eisenhower built the Interstate system in the late 1950s, and tying his key initiatives – education, energy, health care –back to jobs in a package that has the makings of a smaller and modern version of FDR's New Deal marriage of job creation with infrastructure upgrades.
The president-elect also said for the first time that he will “launch the most sweeping effort to modernize and upgrade school buildings that this country has ever seen.”
“We will repair broken schools, make them energy-efficient, and put new computers in our classrooms,” he said in the address.
The president-elect is bringing new elements of his domestic agenda into his economic recovery plan, committing to a path toward giving every American access to an electronic medical record as part of an “economic recovery plan ... that won’t just save jobs, it will save lives.”
Obama had talked in the campaign about lowering health care costs by investing in electronic information technology systems, but not in the context of the economy.
(Excerpt) Read more at politico.com ...
That's so true. They will redefine conservatism to the point where by 2012 the Olympia Snow's of DC will be considered 'too far to the right to ever get elected as President'.
The only unknown in Obama’s Economic Recovery Plan is the rate at which it will reduce the United States to a third-world economy.
FUBO
Yeah, guys like me making 85K gets laid off. Then I get to go build roads on obama’s chain gang for 8 bucks an hour. He creates a job........No friggen way. I will become war.
If this is ALL he promises to spend, I will take it. At least, it is a one time spending program. Wait until he adds trillions to entitlements that will kill us all in the long run.
Is anyone in the GOP going to come out against this dumb plan? I did not see any opposition statements yet. Please post if anyone sees them.
[The president-elect also said for the first time that he will “launch the most sweeping effort to modernize and upgrade school buildings that this country has ever seen.”
“We will repair broken schools, make them energy-efficient, and put new computers in our classrooms,” he said in the address. ]
What kind of jibber jabber is this? You can get a computer for $300 so I doubt there are many computer deprived kids. And how does making schools energy efficient help the kids, much less put a dent in energy demand?
You don't seem to understand. It is considered proper to let the guests take as much rope as they want, so as not to spoil their fun.
Title of the Politico piece should be “You can tell a Harvard Man, but you can’t tell him much!”
This grand announcement by the pre-president was headlined “ to give the people HOPE of a recovery”
The Ultimate “Bridge to Nowhere” plan which will enrich Zero’s crony contractors. “Hey man! Great infrastructure-what company does this road lead to? Oh,yeah, they closed down a long time ago cause they weren’t green enough- nice road and bridge though”
Don’t forget that asphalt is an oil based product. Spikes in oil mean spiralling asphalt costs. Concrete? same way.
Can somebody re-post the Obama community organizer park photo, where a $100K gazebo was all that was built for the money. Oh, and don’t forget, these “created” projects will all HAVE to be at required union rates, so Zero’s mob buddies can supply all the “shadow” non existent workers they need for their rake off, and managed by an ever expanding federal payroll from new agencies. This proposal is a disaster. FDR continued (mostly) Hoover’s doomed public works programs— these failed, and, just as the economy was beginning to naturally cycle back to health- BAM! he set up WWII with his British pals and their Stalinist fellow travelers. We must resist this. We must return private manufacturing to this country to employ our people in good, product making jobs. A service economy that serves only itself is doomed to failure. The expanding federal payroll this will create is the measuring tool for the disaster.
This is almost as exciting as LBJ’s War on Poverty. How did that turn out?
Isn’t it interesting how the Dems would constantly complain about the deficit during Bush’s years, yet you don’t hear a peep about the deficit now the The One has risen.
Obama’s campaign recycled the 25-Point platform of the 1920’s German Workers Party - we all know how that turned out.
And now he is recycling FDR’s New Deal, which had many facets declared unconstitutional by SCOTUS and denounced as Facsist by Presidents before and after FDR’s tenure. Yet he’s being praised as though he is being original and bringing much needed change.
Is the collective American intellect really this idiotic?
Our only other hope if SCOTUS allows this coup to go forward is Mitch McConnell.
Absolutely NOT! McConnell is as corrupted as you could possibly get! Just about everything he has voted for or supported has been at the expense of the people - including the recent failed bailout plan. Just like any of the major players, he does what the $$$$ tells him to do, not what the people tell him to do.
“Predictions for the National Debt?”
They are predicting about $1.5 trillion so it will probably be even more once all the Congressional pigs line up at the money trough and start writing earmarks.
But there’s a catch.
The outstanding debt is already over $10 trillion. Now they expect to add $1.5 more? That means there will have to be buyers for all those Treasury Bonds out there. Once you dump that much money in bonds on the market the supply will overwhelm the buyer pool (China, Russia, Japan) such that the demand will go down.
What is the solution to a depressed demand for T-Bonds? The Fed has to jack up interest rates until someone wants to buy them again. In Jimmy Carter’s administration it went all the way up to 20% to get people interested in financing our debt again.
Anyone who lived through that can expect it to come around again. There is simply no way to finance that kind of debt without ramping up the interest rate.
It has also evolved a great deal with addititions not contemplated in the 1950s. I think Eisenhower deserves credit and kudos for the idea and the start. I think the seeds were sown when he took an Army convoy cross country in the late 19 teens or early 19 twenties. He saw the need for national defense reasons. This is another reason we were lucky to hove Eisenhower rather than Stevenson, a man just too smart to be President.
What is also scary is pouring oceans of tax dollars down the futile rathole of gummint skewels with no accountability whatsoever for the rotten results. What’s next? Bill “Mad Bomber” Ayres as Secretary of Indoctrinat... err, Edumakashun????
From what I’ve seen and heard, this sounds like FDR’s programs recycled - no new ideas. Certainly not 21st Century. This is the big CHANGE zero was bragging so much about?
Despite years of FDR’s government make work programs, unemployment was still at about 20% in 1938.
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