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

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

    Quote Originally Posted by j-mac View Post
    Well, I wouldn't get to heated over your Nobel Economist there. No surprize that he is a far lefty, that coupled with the UN laid out their economic plan for globalization. Yeah.....So...It's probably a safe bet to say that he is rather against the Iraq War to start with and his numbers and conclusions reflect that through inflation of costs.


    j-mac
    I wonder if this was the same UN whose security council voted 15-0 authorizing Resolution 1441 claiming that Iraq was in material breach of the Gulf War Cease fire

    The resolution states that Iraq remains in material breach of council resolutions relating to Iraq's 1990 invasion of Kuwait and requires that Baghdad give UNMOVIC and IAEA a complete and accurate declaration of all aspects of its chemical, biological and nuclear weapons programs and ballistic missiles systems, as well as information on other chemical, biological, and nuclear programs that are supposed to be for civilian purposes, within 30 days.

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

    Quote Originally Posted by SE102 View Post
    A good way to employ some people and repair the massive rot to our infrastructure that occurred under the Bush years.
    Try to be relatively realistic, the rot in the infrastructure of the USA has taken considerably longer than the mere 8 years of the Bush Adminstration.

    As soon as any construction is completed it begins to decay.

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

    Federal spending on the war effort and public works is what got us out of the Great Depression.

    It's called jobs people. When people have money, they spend it and the entire economy rebounds.
    Quote Originally Posted by Ron Paul
    "In the technical sense--by the economic definition--President Obama is not a socialist," - 4-10-2010
    Do you want to have a debate? Hit the reply button.

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

    Quote Originally Posted by joe six-pack View Post
    Federal spending on the war effort and public works is what got us out of the Great Depression.
    No it really doesnt, especially if nothing is produced. War destroys it doesnt create, World War 2 brought the unemployment rate down because everyone was fighting in it

    It's called jobs people. When people have money, they spend it and the entire economy rebounds.
    No **** but not when the jobs are nothing but tax payer money being shuffled around.
    Jackboots always come in matched pairs, a left boot and a right boot.

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

    Quote Originally Posted by SE102 View Post
    Federal cuts to infrastructure maintenance in his time were responsible for its deterioration going from acceptable grades to Cs Ds and Fs by a ratings bureau or engineers from here or there.

    Kay Bailey Hutchison on “Meet The Press”: US Infrastructure Improved Under Bush | Firedoglake

    I dont quite know how to research to find the facts but it was featured on NPR several times (which I used to listen to daily) where I heard it during the Bush years. The above site features some links.
    Interesting article/link to the ratings and engineers. It was a 2009 article focused on the previous 4 years. (things weren't good in 2005, but have diminished notably since 2005...)

    Congress controls the money, and the Dems took over both houses in 2006. So trying to dump all the issues on Bush is at least clumsy and a little ridiculous.

    Am guessing that there have been few good report cards for the overall "infrastructure" going back for decades. Until a bridge collapses, our congress pricks aren't usually all that focused on infrastructure. Ain't sexy....



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

    Quote Originally Posted by SE102 View Post
    Look. Firstly I dont think all the stimulus money has been spent. Possibly allocated, but not spent from what I know. Second. Most economists would tell you the stimulus was too small, so Im not opposed to this plan. Third, without a stimulus wed definitely be worse off. In my simple understanding of economic increasing govt spending during a recession maintains output, preventing a worse outcome. Seriously you ARE blaming Obama in his 2 years for not being able to completely put of a disaster from the previous administration that he's inherited.
    I could swear he's only been in office since January 2009.

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

    Quote Originally Posted by BDBoop View Post
    I could swear he's only been in office since January 2009.
    Yeah, based upon the poor results I would have thought much, much longer, only 3 trillion added to the debt and 16 million unemployed. I can see why many think it has been much longer.

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

    Only to compound matters is the fact that our Country is now a consuming nation rather than a producing nation which is only going to make recessions longer and tougher.
    I use a lot of satire and sarcasm so keep that in mind when reading my posts.

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

    Quote Originally Posted by Conservative View Post
    Yeah, based upon the poor results I would have thought much, much longer, only 3 trillion added to the debt and 16 million unemployed. I can see why many think it has been much longer.
    I can believe the 3 trillion dollars, but how did Obama become responsible for the 16 million unemployed?
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    Re: Obama to Call for $50 Billion Spending on Public Works

    since it has no chance of passage, since it won't even be written up, obtuse obama's latest half baked bid, product of a weekend's deliberation, is mere talking points, naked electioneering

    he has to TRY at least to show the electorate that he's not COMPLETELY solution-bereft when it comes to what ails us

    Obama assails GOP, promotes new jobs program - Yahoo! News

    see things as they are

    happy labor day
    Last edited by The Prof; 09-06-10 at 05:26 PM.

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