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Obama vows vast public works program.

Are vast public works a good idea?

  • Yes, definitely a good idea.

    Votes: 4 40.0%
  • Yes, but only if they work on things we really need.

    Votes: 5 50.0%
  • No, fiscal policy is too slow; monetary policy is better.

    Votes: 0 0.0%
  • No, absolutely not. Let the market take its course.

    Votes: 1 10.0%

  • Total voters
    10
  • Poll closed .
IT will depend on the program itself, which lately like any other government program, probably won't do anything but add red tape.
 
A Tertiary Affect Of Fictional Housing Requests - More Import Workers

"A Tertiary Affect Of Fictional Housing Requests - More Import Workers"
http://www.nytimes.com/2008/12/07/u...p=1&sq=obama public works baker broder&st=cse
I will run this poll for a week and then post an article in the Economics section discussing the results and my own views on the subject.
Great :doh, there will not be any strictly US worker hiring requirements, and highway infrastructure contracts will be farmed out to hispanic immigrant visas and the undocumented border crossing entourage.
 
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Re: A Tertiary Affect Of Fictional Housing Requests - More Import Workers

Look, as conservative as I am, I am NOT, I repeat, NOT against public works programs. Public works programs encourage, well, work. However, whether or not it actually helps the economy will be if it actually gives us what we need. Take the New Deal programs for exampled, they all cost A LOOOOOOT of money, however, the market kicked back in BIG TIME and in the end, we all got a payoff.

Thing is though, back then, it was all infrastructure projects, which at that time, was what we needed most. Now, we have the infrastructure(mostly), so a cheap copy of the "New Deal" isn't going to help much and just spend more.
 
Take the New Deal programs for example, they all cost A LOOOOOOT of money....

You bet they did. But that was not all. Take the TVA projects and the Oak Ridge facility--they imposed MASSIVE eminent domain seizures. Untold thousands and thousands of people lost their homes, farms and businesses.

In addition, people lost 43% of their (gold) savings.

The greatest Ponzi scheme in the history of the world was imposed, and MANDATED.

Millions lost their jobs when a mandated minimum wage was enacted.

The federal income tax was multiplied many times. The forms became much more complicated. For the first time, withholding was imposed.

A massive increase in the national debt.

Except for a brief period during WW2, the growing and production of marijuana and industrial hemp was outlawed.

Japanese-American citizens were rounded up and packed into concentration camps.

And much, much more. Now do you understand why the "New Deal" STINKS????? Wouldn't "RAW DEAL" be a better name for it?


IT will depend on the program itself, which lately like any other government program, probably won't do anything but add red tape.

You got that right.


He has yet to say where the money to pay for all of this is coming from.

From tax and/or "fee" increases--big ones. And not only from us, but from our children, our grandchildren, our great-grandchildren,......

And in addition, we will get deeper and deeeeeeeper and deeeeeeeeeeeeeeeeper into DEBT.
 
"A Tertiary Affect Of Fictional Housing Requests - More Import Workers"
Great :doh, there will not be any strictly US worker hiring requirements, and highway infrastructure contracts will be farmed out to hispanic immigrant visas and the undocumented border crossing entourage.

Immigration is a seperate issue. I will not discuss it in my reply. Maybe illegal immigrants will be hired and maybe they won't, but that is also true of any private construction project as well.

Take the TVA projects and the Oak Ridge facility--they imposed MASSIVE eminent domain seizures. Untold thousands and thousands of people lost their homes, farms and businesses.

In addition, people lost 43% of their (gold) savings.

The greatest Ponzi scheme in the history of the world was imposed, and MANDATED.

Millions lost their jobs when a mandated minimum wage was enacted.

The federal income tax was multiplied many times. The forms became much more complicated. For the first time, withholding was imposed.

A massive increase in the national debt.

Except for a brief period during WW2, the growing and production of marijuana and industrial hemp was outlawed.

Japanese-American citizens were rounded up and packed into concentration camps.

I am opposed to eminent domain seizures. However, the public works programs proposed by President-Elect Obama are not of a type (dams, freeways, etc.) that require seizing anybody's property.

The rest of these issues are independent of public works. It is not that you and Monk Eye are wrong, it is just that Obama is not FDR. It is not fair nor particularly helpful to resurrect every complaint made against FDR and apply it to Obama.

I respect both of your opinions and will try to incorporate your ideas about Obama's public works proposal into my paper. I originally intended to post it on Sunday but have decided to delay it until after the holidays, as Obama and his advisors are still hashing out the size and composition of the program.
 
I am opposed to eminent domain seizures. However, the public works programs proposed by President-Elect Obama are not of a type (dams, freeways, etc.) that require seizing anybody's property.

The rest of these issues are independent of public works. It is not that you and Monk Eye are wrong, it is just that Obama is not FDR....

The statememt "Vast Public Works" certainly suggests the types of things FDR saddled us with. The word "vast" is particularly scary.

Where is the money going to come from? Our debt is already many trillions of dollars. How big do we have to make it to satisfy the big spenders? And who is going to pay the tab?
 
It's been proven that the Raw Deal programs by FDR actually slowed or extended the depression more than they helped.
I see no reason to believe these programs will not do the same.
Not to mention I am vehemently opposed to the federal government building infrastructure. That should be the responsibility of the state or local governments.
 
There isn't any good economic stimulus plans. None of them will have have an immediate effect.

Infrastructure programs take too long to get going.
Stimulus checks didn't really work.
Not even tax cuts would bring substantial immediate results.

However, our infrastructure is crumbling for a while now. So this needed to be done and we shouldn't have waited for a recession to do it.

As far the new deal, some conservatives do argue that it may have partially/ fully instigated the recession of 1937. But you libertarians have to expand your arguments.
 
The statememt "Vast Public Works" certainly suggests the types of things FDR saddled us with. The word "vast" is particularly scary.

Where is the money going to come from? Our debt is already many trillions of dollars. How big do we have to make it to satisfy the big spenders? And who is going to pay the tab?

All good questions.

The rest of these issues are independent of public works. It is not that you and Monk Eye are wrong, it is just that Obama is not FDR. It is not fair nor particularly helpful to resurrect every complaint made against FDR and apply it to Obama.

When I wrote this, I was refering to things like RonPaulVoter bringing up the Japanese-American internment camps. That really has nothing to do with President-Elect Obama's proposal. If you are opposed to public works, then talk about that, but bringing up internment camps is just going to get a "huh?" from Obama and his supporters.

Infrastructure programs take too long to get going.

Many economists, particularly Chicagoans, feel that fiscal stimulus is too slow and that monetary policy is faster, which is why I made this statement one of the choices in my poll. But does that apply to the public works programs being proposed today? Perhaps somebody could expand on that.

As far the new deal, some conservatives do argue that it may have partially/ fully instigated the recession of 1937. But you libertarians have to expand your arguments.

Yes, I'd like to hear somebody expand on that too.
 
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