Reinventing the wheel.
Posted on 06/25/2011 6:32:57 AM PDT by Son House
What a tool.
Where’s the 500 mill coming from?
While $5 billion went to Soros to drill for oil off the coast of Brazil. The arrogant prick/punk is making fun of the stupidity of the American people.
I bet if you look at the corporate offices of each company you will find that they are not located in right to work states.
Indeed. $5.3 Trillion in output in 2007 according to Census Bureau for NAICS 31 - 33 (below). Looks like pretty good growth in manufacturing from 2002 to 2007 without any "reinvigoration" by Fedzilla. I wonder who was governing the United States during those years?
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More money laundering for the Democrat party.
I’ve noticed that, too. Seems like a week doesn’t go by when another two or three of the crummy programs are introduced. The money gets spent, they all disappear down the rathole, nothing gets produced, and things are mucked up much worse in the end. Of course, government is never held accountable for the results of the thousands of these monstrosities foisted off on us.
Why aren’t the Republicans stopping these stupid efforts? How does the executive branch get to introduce these things at all these photo ops without Congressional approval? Where is the money coming from?
Nothing but a way to shovel more taxpayer money into higher education & welfare corporatism. Each of these corporations may hire a few score workers each, on average. But that won’t put a dent in a single month’s employment figures much less turm things around.
When the accounting is done I bet you’ll find that each job created cost over 250k amd pays less than 50k in salary & benefits. The rest went to govt, educators & corporate tax breaks.
But Obama will feel like he’s done something!
Half of what he gave to ACORN.
Yours and mine
The government takeover of industry continues....
As long as there are NIMBY’s & BANANA’s in the US there will not be enough mining, foresting, drilling and quarrying to provide the raw materials and supplies for a manufacturing rebirth.
Great,
another government “program” of completely arbitrary size, unscaled in any way to the effect it’s intended to achieve (as if that’s even worth considering....just name a number)
another set of 3-4 letter “initiatives” or “acts” designed by liberal arts majors with zero experience who couldn’t even patch the elbows of their own sweaters.
another to-be-named czar position or two
another several hundred pages of regulations and reporting requirements
another pile of slush money available to to be re-slushed back into 0bama’s 2012 campaign fund.
another effort designed with no accountability no liability for the thieves who will plunder it.
In Barack Hussein Obama’s “America”, when the government is giving unions and “community organizers” like ACORN BILLIONS of taxpayer dollars, $500 million is chump change.
Exactly what I was thinking. Where is the money coming from? Most likely either printing it out of thin air (devaluing the dollar) or taxes.
Reinventing the wheel.
The big government, commie approach to reinventing manufacturing is going to do for us what it did for the Soviet Union. I shudder whenever I hear a politician speaking like this, be it a genuine dumb@rse like Obama, or some Keynesian bubble-head with a first rate, Ivy League brainwashing. The government isn’t the economy. It is a lead weight around the neck of the economy. Anyone wanting to reinvent manufacturing in the US in a way that doesn’t cost more than it spends will have to first figure out how to do away with the unions, nothing a commie flake like Obama will ever do. After that he will have to go after regulations, government bureaucracy, taxes on money that goes into reinvestment and welfare spending that helps destroy the work ethic. As long as the government is spending taxpayer’s money to create and reinforce bad culture, bad education, no principles and values of personal achievement, America manufacturing and progress will continue to die out.
What does anyone think that the government can do investing $500M. In a $13T economy this represents an investment of 0.005%. Forgetting about the fact that the government has no clue how to invest in this sort of thing, it is about has effective as pi$$ing in a hurricane.
The last time I heard that joke up here in Boston, the punch line was:
“So, how ‘bout those Bruins?”
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