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Obama to Call for $50 Billion Spending on Public Works
New York Times ^ | September 6, 2010 | SHERYL GAY STOLBERG

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. Obama’s 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 nation’s 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 ...


TOPICS: Breaking News; Business/Economy
KEYWORDS: marxistblitzkrieg; marxistcoup; obamunism
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To: circlecity
there's still 50 billion left from the original stimulus. In fact the dems said the trillion dollars would be spend over a period of several years. Why not spend that? Or was it actually the biggest pork bill and reelection slush fund ever amassed?

Yes, it was a reelection slush fund, even if doesn't go directly to the politicians, it will go to their friends in the unions and media.

61 posted on 09/06/2010 8:49:02 AM PDT by TheThinker (Communists: taking over the world one kooky doomsday scenario at a time.)
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To: reaganaut1
More of Barry's “shovel-ready” B.S. I don't see any public works improvements from the first 800 billion spent, so I imagine that the benefit to the public for this latest extravagance will be nil. May as well just add this money to Barry's vacation fund which actually does exhibit grand and ostentatious results.
62 posted on 09/06/2010 8:51:11 AM PDT by purplelobster
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To: reaganaut1

“Public works” = “public unions”.

Another slush fund for union hacks and their bankrupt pensions.


63 posted on 09/06/2010 8:51:56 AM PDT by Lancey Howard
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To: April Lexington

Your analysis is spot-on. President Obama had little to do with us getting into this deep recession. However, with his socialist policies, we’ll never get out of stagnation we’re in right now.


64 posted on 09/06/2010 8:53:57 AM PDT by MinorityRepublican
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To: reaganaut1

this has to stop. this is insane.


65 posted on 09/06/2010 9:02:33 AM PDT by applpie
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To: piytar
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 principles” to help them out in November. It’s a political false flag op.

Excellent thought.. I am skeptical, however, that the scumbag narcissist Ubama would do anything, anything at all, that might make himself look bad just to help others. Additionally, the socialist/communist Democrat party base loves this idea of more and more "public works" spending, and so for most rats, voting against it would only irritate their base. As far as the ruse working to win support from normal, working, taxpaying American families, the damage has already been done and the chance of a Democrat winning any support from them is pretty thin at this point.

66 posted on 09/06/2010 9:08:43 AM PDT by Lancey Howard
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To: MNJohnnie
This guy just doesn't get it! Photobucket
67 posted on 09/06/2010 9:09:18 AM PDT by calicard
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To: Sapper26

exactly
give short term jobs like building a road and then say look unemployment is going down but the problem is that it is SHORT TERM


68 posted on 09/06/2010 9:21:34 AM PDT by manc (WILL OBAMA EVER GO TO CHURCH ON A SUNDAY OR WILL HE LET THE MEDIA/LEFT BE FOOLED FOR EVER)
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To: mewzilla

Thank you for reminding me of that quote.


69 posted on 09/06/2010 9:21:58 AM PDT by Riley (The Fourth Estate is the Fifth Column.)
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To: reaganaut1
Guys, guys, guys.

Let him call for $50 trillion for all that we care
Does anyone here actually believe that this is a sincere call or an attempt at a remedy?
Or is it more likely, given the fact that November is but a few weeks away, that few of the Dems up for re election are going to vote for this antway??

The more that the elite leadership stands in the path of the voters tsunami that is building up, the fewer that will survive.
Those people with whom this action resonates are going to vote for a dem no matter what.
In essence, this is a trap.
We shall see who exactly falls into it, or if it does, in fact, turn against the socialists themselves.

70 posted on 09/06/2010 9:23:47 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: reaganaut1

Tax and Spend - all anyone ever has to learn about Liberal Dogma.

And if he does get another stimulus, you KNOW he will be all over the PAY/GO path the next day.

I mean lets be real, all these so-called stimulus packages are only redistribution of wealth scams.

He could care less about the economy, he’s all about finding or creating ways to further his punishing, passionate, dream of Socialism in America.


71 posted on 09/06/2010 9:24:51 AM PDT by R0CK3T
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To: mewzilla

And let’s face facts: that prophecy has been fulfilled in our midst. So now what?


72 posted on 09/06/2010 9:29:22 AM PDT by cmj328 (Massachusetts Lt. Gov: Write In "Keith Davis, 9 Pheasant Dr., Holyoke" - writeinkeithdavis.com)
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To: reaganaut1

“Obama to Call for $50 Billion Spending on Public Works”

Where is he getting this money?


73 posted on 09/06/2010 9:30:18 AM PDT by Grunthor (My coffee creamer is fat free because I am not.)
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To: reaganaut1

It’s a slush fund for him to buy votes for Dems in November, nothing more;nothing less.


74 posted on 09/06/2010 9:39:08 AM PDT by jmacusa (Two wrongs don't make a right. But they can make it interesting.)
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To: reaganaut1

Great roads and trains run on time.

Nazi America. obama style.


75 posted on 09/06/2010 9:48:09 AM PDT by rock_lobsta (November can't get here fast enough.)
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To: reaganaut1

.....sigh.....


76 posted on 09/06/2010 9:50:51 AM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: reaganaut1

Earth to Obama.......IT DOESN’T WORK.


77 posted on 09/06/2010 9:52:26 AM PDT by TMA62 (TMA62)
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To: reaganaut1

He needs to go on vacation again. And stay there until 2012.


78 posted on 09/06/2010 9:58:09 AM PDT by justsaynomore (Please help us put Herman over 30K fans - www.facebook.com/THEHermanCain)
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To: reaganaut1

50 billion on cab fare for the unemployed to pick up their government checks.


79 posted on 09/06/2010 9:59:19 AM PDT by Blind Eye Jones
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To: reaganaut1

Political suicide. Congress will never approve this, not with how NOV is shaping up.


80 posted on 09/06/2010 10:04:48 AM PDT by Future Snake Eater ("Get out of the boat and walk on the water with us!”--Sen. Joe Biden)
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