Posted on 09/06/2010 9:14:22 AM PDT by Libloather
President mulls new measures to spark economy
By the CNN Wire Staff
September 6, 2010 10:07 a.m. EDT
Washington (CNN) -- On this Labor Day, the White House will put its focus squarely back on the economy, following a week where the Obama administration concentrated on Middle East peace talks and the end of America's combat role in Iraq.
The address will be the first of two speeches this week in which President Barack Obama will try and frame his administration's response to the recession, less than two months ahead of midterm elections where Democratic majorities in the House and Senate are on the ropes.
Obama will be in Milwaukee, Wisconsin, Monday, speaking at a Labor Day event in a state that has extremely competitive gubernatorial and U.S. Senate races.
**SNIP**
Obama plans to work with Congress to enact a $50 billion "up-front investment," and then pair it with "a long-term framework to reform and expand our nation's investment in transportation infrastructure." the White House statement said. "As with other long-run policies, the administration is committed to working with Congress to fully pay for the plan."
The long-term framework includes establishment of an Infrastructure Bank "to leverage federal dollars and focus on investments of national and regional significance that often fall through the cracks in the current siloed transportation programs," the White House said.
However, a CNN/Opinion Research Corporation survey released Friday indicates the White House has some work to do to win over the American public on its ability to manage the economy.
(Excerpt) Read more at cnn.com ...
The Bolsheviks are never up to any good. CNN is the equivalent of the Volkischer Beobachter in 1930’s Germany.
It’s as if he was the captain of the Titanic.....
Another EPIC FAIL from the community organizer-in-chief.
Lord, help us!
More taxes on the way. Impeach and deport!
More socialist giveaways to the unions.
except that he’s willful
Oh goodie - union vote payoff jobs.
If he’d just resign, the nation would be partying hardy and spending money like crazy.
Yes, yet another government program, with yet another entrenched, bloated bureaucracy, with tens of thousands of overpaid union workers that nobody knows what they do.
That’s exactly what we need.
oh please, doctor. no more cures.
...the administration is committed to working with Congress to fully pay for the plan."
I'm throwing the BS flag on that one. hussein obama won't be "paying for" any of this, we will and our kids and our grandkids at this rate. hussein and Congress: STOP SPEDING US INTO OBLIVION! You are fired!
SPEDING == SPENDING
Wait a minute. Don’t you need money to start a bank? But the federal Treasury has $13,442,057,367,029.28 in debt and nothing to show for it.
And if he’s complaining about the state of infrastructure under current Congressional management, he has a point, but only the Congress could kick their addiction to pork-barrel spending and repeal the requirements for exorbitantly expensive side projects and bureaucratic processes that accompany every little puny building project.
Only Barack Hussein Obama never recommended that the Congress do anything of the sort.
Rather than throwing more money down a rathole it would seem prudent to fire Rahm, Bernanke and Geithner. I’m tired of hearing about how these geniuses saved the economy by handing over countless amounts of money to cronies.
Who is going to be administering the bank.......SEIU?
Why not just leave it the phu*k alone. Why do these idiots think they need to do anything?
Leave the housing market alone, and it will corrrect itself.
Leave the economy alone and it will survive and thrive...
These idiots have prolonged the recovery, assured further downturns etc.
Doesn’t this numbskull read history? We have had downturns in the economy for hundreds of years. Apart from the meddling of the govt during the depression, the USA comes out of it nicely and quickly...
This is how wealth is redistributed.
Please, God, save us from these imbeciles in Washington. Bring us a savior in the form of a presidential candidate who will truly lead us...who truly understands the business of the free market...
Everyday it’s something from these people....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.