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. Obamas 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 nations 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 ...
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.
“Public works” = “public unions”.
Another slush fund for union hacks and their bankrupt pensions.
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.
this has to stop. this is insane.
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.
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
Thank you for reminding me of that quote.
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.
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.
And let’s face facts: that prophecy has been fulfilled in our midst. So now what?
“Obama to Call for $50 Billion Spending on Public Works”
Where is he getting this money?
It’s a slush fund for him to buy votes for Dems in November, nothing more;nothing less.
Great roads and trains run on time.
Nazi America. obama style.
.....sigh.....
Earth to Obama.......IT DOESN’T WORK.
He needs to go on vacation again. And stay there until 2012.
50 billion on cab fare for the unemployed to pick up their government checks.
Political suicide. Congress will never approve this, not with how NOV is shaping up.
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