Page 22 of 25 FirstFirst ... 122021222324 ... LastLast
Results 211 to 220 of 250

Thread: Obama to Call for $50 Billion Spending on Public Works

  1. #211
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Yesterday @ 11:47 AM
    Lean
    Conservative
    Posts
    13,073

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by Goldenboy219 View Post
    American corporations are sitting on a ton of cash. To such an extent, the basic "tax cuts will spur demand" has not a leg to stand on. Non financial companies are sitting an excess of $1.5 trillion. Public works projects do not seem so bad now do they?
    They'd invest that cash if Obama would stop threatening to tax the piss out of them and dump healthcare in their laps, too.

    Businesses like certainty. With this doofus in office, there isn't a playing field to examine and strategize for. He wants to destroy business, not encourage it.

  2. #212
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    Yesterday @ 11:47 AM
    Lean
    Conservative
    Posts
    13,073

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by Goldenboy219 View Post
    Since i didn't comment yet, now's as good a time as any. $50 billion is much too small. How much? About 15 times too small!
    So you want to steal it and give it to the poor.

    Chavez, Jong-Il, Castro, Lenin..............it's been done before.

  3. #213
    Advisor
    Join Date
    Sep 2010
    Location
    Soviet Technate
    Last Seen
    10-25-10 @ 06:29 PM
    Gender
    Lean
    Conservative
    Posts
    359

    Re: Obama to Call for $50 Billion Spending on Public Works

    Actually, the healthcare bill known as "Obamacare" is overwhelmingly beneficial to the corporate backers of the plan. Through compromise, nearly everything good about the original plan was gutted. Now, we get the honour of being forced by law to get private care we mostly pay for anyway.

    The alternative to Obama would unlikely have been superior.

    Even with hgher taxes, they have come to the conclusion they can make just as much money by not hiring, firing, and then working the remainder harder.

  4. #214
    Sage

    Donc's Avatar
    Join Date
    Sep 2007
    Location
    out yonder
    Last Seen
    Today @ 08:29 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,427

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by Goldenboy219 View Post
    Since i didn't comment yet, now's as good a time as any. $50 billion is much too small. How much? About 15 times too small!
    Nah, to high GB, I think we could scrimp by on ten times, which it should have been in the beginning.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  5. #215
    Banned
    Join Date
    Jun 2010
    Last Seen
    05-06-12 @ 11:12 PM
    Lean
    Other
    Posts
    9,800

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by Ikari View Post
    Well we've spent far more on far worse than this. I've maintained through this mess that if they're going to take my money anyway, they should put it to good use at least. Public works isn't the worst of all things during very bad recessions. Particularly if they are limited in time duration and can net out a positive for the rest of us as a whole.
    I like the fact that a segment of our workforce will have jobs again.

  6. #216
    Sage
    VanceMack's Avatar
    Join Date
    Feb 2010
    Last Seen
    Today @ 10:31 PM
    Gender
    Lean
    Independent
    Posts
    54,725

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by jambalaya View Post
    I don' get this. Looks like a just some campaign stop handout.
    yaaaaaaaaaa think?

  7. #217
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by pbrauer View Post
    This is an investment in America, the billions upon billions and lives lost in Iraq was a waste.
    Just billions and billions of lives lost? I thought it was trillions and trillions, for sure!

  8. #218
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by BDBoop View Post
    I like the fact that a segment of our workforce will have jobs again.
    Think it might be more that $195,000 per job created this time or less?

  9. #219
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 10:20 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by Erod View Post
    They'd invest that cash if Obama would stop threatening to tax the piss out of them and dump healthcare in their laps, too.
    That makes no sense at all, and i mean at all (im dead serious).

    For this to be the least bit true, we would need to be experiencing above and beyond risk. During late 2008, firms rushed into cash as a means of hedging against deflation (credit spreads were at unprecedented levels) along with building a contingency in case of a global credit destruction. Now with spreads back to comfortable positions, these high levels of cash holdings still persist.

    If what you state is in fact true, one of two things would have to be happening. 1.) Interest rates would be abnormally high in private credit markets (not anymore!). 2.) Inflation would be above 2008 levels. Since neither of these are the case, you are simply incorrect. The question is, do you have the stones to admit it?

    Businesses like certainty. With this doofus in office, there isn't a playing field to examine and strategize for. He wants to destroy business, not encourage it.
    I can only take so much nonsense in one post; and where all used up here!
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #220
    Sage
    Ikari's Avatar
    Join Date
    Dec 2006
    Location
    Colorado
    Last Seen
    12-08-17 @ 01:05 AM
    Gender
    Lean
    Libertarian - Left
    Posts
    54,124

    Re: Obama to Call for $50 Billion Spending on Public Works

    Quote Originally Posted by Grant View Post
    Think it might be more that $195,000 per job created this time or less?
    Depends on what the public works job is and how much bureaucracy is involved. Bureaucracy always consumes money. I'm not normally a fan of public works projects; under normal operating conditions I find them well too wasteful for what they can get. Still some stuff is better off on the aggregated level of government. Yet in times of big recession, it's not always unwarranted. These can't be permanent positions mind you; but something temporary to actually create jobs while we wait for the private sector to be finished. We could make things like an actual high speed rail system to link major cities. If it could take a few hours to go from NY to Chicago or something, that becomes a mode of transportation which can be good for business and great for tourism. There would be many benefits to having an actual high speed rail system. You could have built a backbone for high speed internet or something. Then companies could charge for access services, but since the infrastructure was paid for by taxpayers; the internet becomes truly neutral and they can't throttle your speeds at their whim. That would have been ok too. None of which is permanent, but could net out something positive for all of us.

    They're going to take my money regardless, it's just the way it works. We can either spend it on public works or give it to Goldman Sachs. I'd rather it go to actually making jobs and more directly benefiting the middle and lower class; since they were the ones bent over the barrel. If you're gonna take my money, I'd rather it go to public works than bailouts.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

Page 22 of 25 FirstFirst ... 122021222324 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •