WASHINGTON (AP) — Vowing to find new ways to stimulate the sputtering economy, President Barack Obama will call for long-term investments in the nation’s roads, railways and runways that would cost at least $50 billion.
The infrastructure investments are one part of a package of targeted proposals the White House is expected to announce in hopes of jump-starting the economy ahead of the November election. Obama will outline the infrastructure proposal Monday at a Labor Day event in Milwaukee.
While the proposal calls for investments over six years, the White House said spending would be front-loaded with an initial $50 billion to help create jobs in the near future.
The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.
Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects.
Administration officials wouldn’t say what the total cost of the infrastructure investments would be, but did say the initial $50 billion represents a significant percentage. Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.
Obama made infrastructure investments a central part of the $814 billion stimulus Congress passed last year, but with that spending winding down, the economy’s growth has slowed. Officials said this infrastructure package differs from the stimulus because it’s aimed at long-term growth, while still focusing on creating jobs in the short-term.
In a Labor Day interview on CBS’ “Early Show,“ Labor Secretary Hilda Solis said the plan Obama was to unveil Monday would ”put construction workers, welders, electricians back to work … folks that have been unemployed for a long time.”
With the unemployment rate ticking up to 9.6 percent, and polls showing the midterm elections could be dismal for Democrats, the president has promised to unveil a series of new measures on the economy.
In addition to Monday’s announcement in Milwaukee, Obama will travel to Cleveland Wednesday to pitch a $100 billion proposal to increase and make permanent research and development tax credits for businesses, a White House official said.
While the idea is popular in Congress, coming up with offsetting tax increases or spending cuts has been a stumbling block. Similar to his proposal to pay for the infrastructure investments, Obama will ask lawmakers to close tax breaks for oil and gas companies and multinational corporations to pay for the plan.
Other stimulus measures the administration is considering include extending a law passed in March that exempts companies that hire unemployed workers from paying Social Security taxes on those workers through December. Sen. Chuck Schumer, D-N.Y., has proposed extending the exemption an additional six months.
Obama is also continuing to prod the Senate to pass the small business bill that calls for about $12 billion in tax breaks and a $30 billion fund to help unfreeze lending. Republicans have likened the bill to the unpopular bailout of the financial industry. And the president wants to make permanent the portion of George W. Bush’s tax cuts affecting the middle class.
Wary of the public’s concern over rising deficits, the administration insists a second stimulus plan, similar to last year’s $814 billion bill, is not in the works.
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Comments (302)
carpenterjim
Posted on September 6, 2010 at 10:28amI‘m extremely concerned about the deficit but it’s hard to take these so-called fiscal conservatives seriously when I don’t hear one word from them about the complete and utter waste of money that is the Iraq War– the real cost of which will be upwards of $3 TRILLION. Spending money on highways and trains and bridges doesn’t actually sound like bad policy. At least there will be something to show for it. All we have from Iraq is scores of dead and broken men and women. Be consistent fellow fiscal conservatives! Otherwise you are just more partisan noise.
Report Post »farmwife
Posted on September 6, 2010 at 11:19amCarpenterjim, until you have talked to the Iraqi people, and really looked at the Iraq situation, don’t judge it. I see you haven‘t said a word about Obama’s Afghanistan war.
Our country is in a real mess. These stimulus bills are terrible. Does anyone here realize that the railroads (the majority) are privately owned? Why should we be dumping more money into private businesses. Without jobs they are not moving as much as it is, we need to stop the spending (and yes, I was a conservative that didn’t like many things Bush put into place), stop the government welfare programs, yes, including the farm subsidies, and let families and churches help those in need like they did before the great war on poverty.
Our farm already struggles, what we need is more tax relief. We could hire another employee and won‘t because we don’t know what will happen with the healthcare bill or the tax policies these jokers in Congress are planning.
Does anyone realize that Congress is the one that controls the budget? When did the budget go to h*ll? When the Dems took it back over in 2006. The 2007 budget was the start. Look at your own government’s website to find those facts when the deficits started to jump.
We need fiscal conservatives, not just RINOs!
GnomeChomsky
Posted on September 6, 2010 at 2:42pmFarmwife, you do know we were at war for 7 years in Afghanistan prior to Obama’s election? But nice use of of you Tea Party/GOP Talking Point handbook.
Report Post »carpenterjim
Posted on September 6, 2010 at 10:42pmMy $3 Trillion figure on the war in Iraq comes from this article: http://www.washingtonpost.com/wp-dyn/content/article/2010/09/03/AR2010090302200.html
I think that the War In Afghanistan needs to be ended as well. My point is that fiscal conservatism extends to the colossal waste in the defense department as well. These wars are pointless, extremely expensive and don’t further our national security interests. If you are a fiscal conservative, where is your criticism of these wars?? Where is the consistency?
Report Post »notimeforthis
Posted on September 6, 2010 at 10:26amOkay!! Is it just commons sense or has this massive problem been brewing 20-40 years of activism by progressives to REGULATE EVERYTHING! Politicians think it is their job is to keep us safe from ourselves!!! No wonder all of them have lost sight of what the government should be doing!!!
If there is any CONSERVATIVE REPUBLICAN LISTENING, PLEASE TAKE NOTE!
1. Repeal as many taxes as you can! CUT THE GOVERNMENTAL BUDGETS!
Report Post »2. De-Regulate as many things as safely as possible.
3. don’t pander to UNIONS, they have been dying a natural death! Let them die! Workers have been getting their game!
4. Privatize Social Security for people under 40 years old. You earn the kind of retirement that you worked for all your life! WOW! Good by entitlement retiring!
5. SECURE THE BORDERS! Our country is similar to the Hope Diamond! It is a treasure! WE NEED TO PROTECT HER AND GUIDE HER! We who pay taxes should be protected for the money we pay! STOP GVING AWAY WHAT IS NOT YOURS! CONSITUENTS PAY POLITICIANS SALARIES! WORK FOR IT! Mexicans are not the only ones coming through our borders. Try thinking Al Qaeda and Taliban!
6. Politicians MUST ADMIT they broke America slowly by regulating it to death!! Has anyone asked why ALL MANUFACTURING HAS LEFT THE US IN THE LAS 50 YEARS!!! ANSWER THAT QUESTION, AND YOU MAY KNOW HOW TO FIX AMERICA!
7. Remove government from the private sector. If someone funs a BAD company, the company will fall apart or will be bought by companies that wish to take the risk. OUR GOVERNMENT SHOULD NOT OWN BANKS, CARS OR HEALTHCARE!
8. Finally, make simple legislation that can be voted on without calling on 10-20 lawyers! As a result, on ad-ons bills are not what they say they are, and hidden agendas cannot be hidden. A single bill cannot be longer then 5-10 pages, and it cannot go beyond the boundaries of which is stated in its title.
IT REALLY IS SIMPLE, IF YOU SHOOSE TO FIX IT!
STOP TAKING ADVANTAGE OF THE UGLY SYSTEM OF GOVERNMENT THAT HAS BEEN MADE!
nokoolaid4me
Posted on September 6, 2010 at 10:49amcouldnt agree more now thats a good drink
Report Post »nokoolaid4me
Posted on September 6, 2010 at 10:51amcouldnt agree more. now thats a good drink
Report Post »nokoolaid4me
Posted on September 6, 2010 at 10:52amnow theres a good drink
Report Post »ccmill
Posted on September 6, 2010 at 12:15pmA few of your points make sense, but do you really believe individuals should be responsible for their own food safety, drug purity, clean air and water, occupational safety, epidemic monitoring, etc? If Social Security is privatized, what happens when your investments go belly-up the next time the Wall Street guys screw things up with their greed.
Report Post »A moderate approach is much better than extremism.
notimeforthis
Posted on September 6, 2010 at 2:39pmThank you for the discourse ccmill. What makes you think that my ideas are radical? Perhaps my anger at all the hiding of agendas has the better or me. We should not shut the whole government down; just do better what it already has been regulating. We already have the EPA to watch out for water and environmental contaminates that harm us. The GDA really needs some work when it takes months to report an outbreak of salmonella, and the crisis has long passed. The FDA isn’t able to get H1N1 vaccines to the areas that needed it most. People get them by way of their special connections. We have OSHA which is suppose to watch out for the safety of working Americans, if they did their jobs so well, why would we even need unions anymore! One or the other Union bosses or OSHA bosses..CHOOSE.
Report Post »As for Social Security, not all Americans would put their money in WALL STREET. There are municipal bonds, real estate, and many other choices! This also would make people more watchful to how they grown their retirement! PERSONAL Responsibility would return! People over 40 cannot expect to retire at 65. It is not doable anymore, Who will be brave enough to tell them?
Government should be for protecting our borders and keeping a common currency! They are not our Mommies and Daddies!
GnomeChomsky
Posted on September 6, 2010 at 3:23pmThis constant idea that regulation was somehow the driving force behind corporate outsourcing shows a complete lack of understanding amongst you conservatives. Corporate greed and lower overseas labor costs along with Reagan’s dismantling of the unions set the stage that allowed this. It amazes me how blind conservatives are to this. It seems to escape you, the corrolation between Reagan’s, continued by HW Bush, policies, which included massive de-regulation, and the mass exodus of jobs out of the country. You all reminisce about the ‘good ol days’ and ‘simpler times’ of the 50‘s and 60’s but seem to not recognize what made that possible. The progressive tax scale, a strong labor force, and regulation to keep corporate greed in check. Ultimately you have been duped by your own greed. A home and two cars in the garage, enough money for that family vacation to the lake and to send little Timmy to college, and savings to retire with weren’t good enough. You wanted more and bought into the pipe dream being sold to you by those with more “Gives us tax cuts and allow our companies to run unchecked and you can be like us…..we promise”
Report Post »GnomeChomsky
Posted on September 6, 2010 at 3:38pmNo time for you, your ignorance is astounding “We have OSHA which is suppose to watch out for the safety of working Americans, if they did their jobs so well, why would we even need unions anymore! One or the other Union bosses or OSHA bosses..CHOOSE.”
Report Post »Unions are not a government body, they cannot set safety standards nor can they enforce them.
Also the FDA does not produce vaccines, it was not the distribution by the FDA but a short supply that caused the problems. Complain to Astra Zeneca or Novaris.
Please inform yourself and stop regurgitating things you heard from Glenn Beck and Fox News
baldwin4freedom
Posted on September 6, 2010 at 6:49pm@CCMIL
Could you imagine how much damage the media could do to a company that sold a bad product. That would be a free market oversight of food, drug and so on. This along with individual responsibility will work.
There are already problems with the government agencies not doing their job anyway.
No need for the government to pick and choose the losers.
Report Post »notimeforthis
Posted on September 6, 2010 at 8:15pmWell Chomsky old pal, I think we protest too much! Greed is all over and enought blame is too!
Report Post »De-reulation caused companies to leave America?! Companies needed to to go to Asia to produce cheaply because they needed more regulation! Right! Could it reallly be like GM? The cost of Unions drove the price of items made by a union company to uncompetative prices in the American market!
Look at GM has agreat example of many things! Quality of cars down, cost not worth the product. Why you ask? Unions and GM executives had to agree to keep each other alive at the price of making a inferior product. Unions made deals that over burdened the company and excutives agreed.
Both Greedy! But lest we forget that for the first time in history GM shareholders were given pennies on the dollars as compared to the ball-out given the UNIONS! Both Greedy! Unions rewarded for greed.
Lets face it unions have little clout other than their thug mentality!
The government makes laws last I checked. We have courts to enforce them Why do we need the Union thug to do what lawyers and courts can do? By the way vacines are aproved or disaproved by the FDA. They can push for early release or not. Now who’s stupid! EPA can’t keep up with timely reports on emergencies to the public ( 1-2 Month lagstime)
Why does the government do anything if it can’t do it well. They need to stick to things they can handle. Business and job creation is above their pay grade. I don;t want the liberal dream given to me from Prsident Obama. I want to earn it along with other Americans. This has nothing to do with Glen who?
davy440
Posted on September 6, 2010 at 10:25amSpending in the manor that they are spending is wrong. they have near if not more than $400,000,000,000.00 in a permanent holding pattern. And I thought that was for infrastructure projects ( roads, bridges, rail ) This president has surrounded himself with IDIOTS, Well not true , they are well educated IDIOTS
Report Post »ohthehugemanatee
Posted on September 6, 2010 at 10:24amI have a better idea…How about STOP THE SPENDING OF OUR MONEY?! Give our money back to us and allow US to stimulate the economy.
Report Post »milehigh
Posted on September 6, 2010 at 10:19amThis administration has done everything to tip the scale in favor of workers and unions, what they fail to understand is the need for balance between employers and employed, too much regulation and it is too expensive to do business, too low wages and you have a lack of quality employees. If the scales are tipped in favor of one for the other both will fail. We need leadership that understands consequence of their actions.
Report Post »notimeforthis
Posted on September 6, 2010 at 10:29amYes! Yes! Yes!
Report Post »NUTN2SAY
Posted on September 6, 2010 at 10:16amEvery nation in the world needs to learn how to sustain itself! This Global Economy idea has got to be one of the biggest scams ever perpetrated on a society. Sure there can be foreign trade but for luxury items only. America needs a leader that has the intelligence to know America need careers not temporary jobs! America needs to stop all this out sourcing nonsense and bring back permanently industrial and manufacturing jobs to America! America needs to start building it‘s own TV’s like it once did. No more appliances from China. We can make our own appliances here in America! Same with textiles and clothing. America needs a leader that will put the American People first not last! Creating temporary jobs at tax payer expense and putting America deeper in debt is not governing and it most certainly is not what I consider being a president!
Report Post »GarbyBarengar
Posted on September 6, 2010 at 12:19pmI dunno, once you get to the point of we exporting all our recyclable materials to China so they can make more stuff for us to buy you have to wonder if they are running out or resources to make things.
Report Post »baldwin4freedom
Posted on September 6, 2010 at 7:07pmWe The People have to be pro-active in this. We must buy only Made In The USA products. I have started being more aware of where stuff is made and it can be difficult to find American products. This is our part to help control who makes what. If you cannot find a product made in the USA then decide if you really need it. This will take a long time to work, but if We stay vigilante it will work.
Report Post »carpenterjim
Posted on September 6, 2010 at 10:48pmI agree with you 100% about bringing back manufacturing jobs to the US, but do you really think Republicans are with you on this one??
Report Post »baldwin4freedom
Posted on September 7, 2010 at 11:24am@CARPENTERJIM
It is hard to say if the Republicans are for this. They are so wishy washy.
My theory is that We The People have wanted cheap, low cost, products and that has dictated the market. This along with us wanting to be paid more, collectively, than we were worth, unions, or what the market could handle are just a couple of the problems.
Republicans supply the low cost products, and the Democrats supply the higher collective wages.
Looks like it is up to us to do something about that.
Report Post »jacquecustard
Posted on September 6, 2010 at 10:15amAnother Obama Ground Hog day !
Report Post »grickm
Posted on September 6, 2010 at 10:13am“Investment” is a good word. “Spending” is a bad word.“ Articles like this that call ”spending” something that it is not, “investment,” are trying to distract us from what the government is doing: spending us into bankruptcy.
Does our infrastructure need to be maintained? Of course it does. But let’s call what we have to do to maintain our infrastructure what it is, “government spending.”
Report Post »dkspiers
Posted on September 6, 2010 at 10:12amIt this idiot that stupid or is this just the next step in his Cloward & Pivinn strategy? November can’t come to soon. We‘ve got to get rid of all D’s AND any R who is not committed to true conservative values.
Report Post »drewbiemom
Posted on September 6, 2010 at 10:11amOh, my! I can’t wait to see what the Dow does with this. 7,000 anyone?
Report Post »dteam270
Posted on September 6, 2010 at 10:29amI’m guessing around 5000.
Report Post »LadyIzShy
Posted on September 6, 2010 at 3:36pmim saying 5000 by the end of Obamas term IF we do not stop him
Report Post »midcoastmainepatriot
Posted on September 6, 2010 at 10:11amI think this is insanity!!!! STOP THE SPENDING~!!!!!!!! HOW HARD IS THAT TO UNDERSTAND !!!!!!! They are DESTROYING OUR COUNTRY!!!!!!!!!! FOR THE LOVE OF GOD STOP IT !!!!!!!!!!!!!!!!!1
Report Post »carpenterjim
Posted on September 6, 2010 at 10:46amBuilding highways and bridges is “destroying our country?” Get a hold of yourself. Spending $$ on infrastructure isn’t the worst idea. At least there is a tangible benefit. I find it interesting that you rarely hear the so-called fiscal conservatives freaking out over the incomprehensible waste and fraud in the military budget. What about the $3 TRILLION down the sinkhole in Iraq? Where’s the outrage?
Report Post »ICanThinkForMyself
Posted on September 6, 2010 at 11:35amI agree with carpenterjim….our infrastructure is terrible….decaying roads and bridges need to be fixed asap….the folks in Minneapolis who saw the bridge collapse that killed so many would undoubtedly agree. Don‘t know about anyone else but I’m not willing to sacrifice a loved one to a highway, bridge or tunnel anytime soon. Our crumbling roads are unacceptable, and yes….the war in Iraq was like a giant vacuum….sucking trillions of dollars and thousands of lives into a black hole. Where is the outrage there?
Report Post »GnomeChomsky
Posted on September 6, 2010 at 3:52pmAt least there are a couple voices of sanity and reason here.
Report Post »baldwin4freedom
Posted on September 6, 2010 at 6:59pmYes, we have many infrastructure problems throughout our country. Under our current system this should have been done two years ago, but they had to bail the states out first. The current system of socialistic principles is broken.
The reality is it should be the individual states responsibility to maintain and build their own roadways. The federal government dictating how much money each state should get is wrong. This is just another government structure that must be redesigned and based on Constitutional principles.
The other reality is that the present system is designed to get the fools vote more easily.
Report Post »crnman38
Posted on September 9, 2010 at 5:42pmthe ONLY way we will ever get their attention…vote them OUT in November!!!…. nothing else will work…they do not listen to us anymore…they don’t care what we say….THEY NEED TO GO
Report Post »79USMC83
Posted on September 6, 2010 at 10:05amSo just what was the talking points the “Speech Giver” used for the FIRST SPENDULUS BILL??? Shovel ready jobs and infrastructure. Now all the “Government Stupid” is doing is passing individual BILLS instead of another 875 billion Bill that was supposed to fix our crumbling Economy. Maybe they should get the video out of the Dog and Pony show of the bridge in Missouri the “Government Stupid” used as soon as the SPENDULUS BILL was passed.Are these NEW infrastructure job sites going to use the old signs or are new signs advertising them going to be made? I am beyond getting angry anymore now I think it is a FREAKING COMEDY show!!!!
Report Post »bataviabard
Posted on September 6, 2010 at 10:04amI’ve lost count… is this Porkulus III or IV? V?
Report Post »MIKEBIRK
Posted on September 6, 2010 at 10:04amAnd who is going to control this so called tnfrastructure bank? HMMMM any one?
Report Post »missmarie
Posted on September 6, 2010 at 10:49amThat sentence stood out to me, too! Gave me a chill down my spine.
Report Post »geesemom
Posted on September 6, 2010 at 11:23amCheck out H.R. 2521. Why the President, of course, if Representative DeLauro has her way.
Report Post »missmarie
Posted on September 6, 2010 at 12:02pmOh! Good Lord! I hadn’t heard of this one, why haven’t I heard of this one? Thanks GEESEMOM for bringing this to my attention. I just read the summary and the players involved are enough to scare the heck out of me.
“Infrastructure Bank Legislation Garners Strong Support
Diverse coalition includes Felix Rohatyn, Bernard L. Schwartz, U.S. Chamber of Commerce, SEIU, National Construction Alliance, Building and Construction Trades Department – AFL-CIO, American Society of Civil Engineers, Campaign for America’s Future, Policy Link
Washington, D.C. – Representatives Rosa L. DeLauro (Conn.-3), Keith Ellison (MN-5), Anthony Weiner (NY-9) and Steve Israel (NY-2) introduced the National Infrastructure Development Bank Act of 2009 with strong support from a diverse coalition including, the U.S. Chamber of Commerce; SEIU; National Construction Alliance; Building and Construction Trades Department, AFL-CIO; American Society of Civil Engineers; Campaign for America’s Future; and Policy Link, as well as Felix Rohatyn, investment banker and author of “Bold Endeavors: How Our Government Built America, and Why It Must Rebuild Now;” and Bernard L. Schwartz, Chairman and CEO of BLS Investments.
The National Infrastructure Development Bank Act would fund and create a bank that would direct public and private dollars toward infrastructure projects of national or regional significance – a proposal included in the Obama Administration’s budget, as well as the Budget Resolution. “
Report Post »missmarie
Posted on September 6, 2010 at 12:21pmOpps, I should have mentioned that on the Library of Congress website it is listed as H.R. 3401 – National Infrastructure Bank Act of 2007 and not H.R. 2521, which is listed as the Nursing Facility Fire Safety Act of 2007. When you do a search on HR 2521, however, it generates a link to Congresswoman Rosa DeLauro’s website, which contains all the frightening and outrageous details.
Report Post »geesemom
Posted on September 6, 2010 at 12:46pmYou can also find it on Opencongress.org. I discovered it after catching a televised dinner on CSPAN where Rep. DeLauro was promoting this bill/plan to the U.S. Governors last year.
Report Post »Overmanwarrior
Posted on September 6, 2010 at 10:01amHe is walking the fine line leading up to November, to try and put everyone back to sleep like a mother does for a crying baby. “Go back to sleep.”
I like to see that people are pointing out that we are the boss of the politicians. We don’t have to allow them to spend anything. Government shrinks if we turn off the funding faucet.
Report Post »tisherself
Posted on September 6, 2010 at 10:00amFilling pot holes and polishing guard rails, does not a permenant Job create. What we need is to cut taxes and rein in the EPA regualtors so that long term manufacturing jobs come back to our shores. We need to make it profitable for businesses to operate here instead of overseas or across the boarder. A man and women need to know that they will have their jobs a week from now, a month fromnow and ten years from now, The bottom line is that if big business isn‘t making money the little guy isn’t working. No matter how you look at it, $10.00 and hour is better then NO $ and hour.
Report Post »wodiej
Posted on September 6, 2010 at 10:32amI agree.
Report Post »Nicole from CA
Posted on September 6, 2010 at 10:00amYep, once again…everything he does is for the unions. There is no common sense in what he is doing. He is either the dumbest man to ever hold office…or…he is Cloward and Pivening the country to its death. I think it’s a combination of the two.
Report Post »Nunyunuwi
Posted on September 6, 2010 at 9:59amBack to the Basics, Where is this 50 Billion coming from ? We are quite bankrupted. Is it from our Chinese Credit Card ? or just legally counter fitting (printing) more paper monies. We are out of the peoples $$$, unless they tax us more. I am a construction worker in housing, if this happens, the jobs will mainly go to the Big Union Driven road crews ( there are a lot of private out fits who build roads) but honestly most of the last several Cash handouts (trillions) went to his buddies, not to normal people. and some went to Non-Existant people, districts, I want all these cash handouts Audited in Jan 2011 after we take back the house/senate, much Fraud has happened and Obama & Elites buddies took the cash. or disapeared it by the billions. No more spending. Show us where the trillions of our childrens childrens future went and was spent on, we already are 2-3-4 generations in slavery to the Obama Debt machine. Stop Spending, Lower Tax’s and save the American Economy and jobs. (but that is not the end game here I see by his actions the goal is to destroy America). God Save the Republic of America !
Report Post »rreksNEOFREEDOM
Posted on September 6, 2010 at 11:18amWell said,let us REMEMBER IN NOVEMBER to VOTE CONSERVATIVE !
GnomeChomsky
Posted on September 6, 2010 at 2:07pmWhat’s “counter fitting”? Is that what the contractors did when I had my kitchen remodeled?
Report Post »parmajohn
Posted on September 6, 2010 at 9:59amI worked constuction for 30 years There are No long term jobs There are not as many people on the Job as you are lead to believe Look at a site as you pass by Constuction workers are not foolish enough to go out and buy a house truck or even a fridge when they know they may be only 6 months weather permitting WAKE UP We need TAX CUTS for EVERYBODY across the Board and Goverment to stop spending my grandkids Money GBGB
Report Post »GnomeChomsky
Posted on September 6, 2010 at 2:53pmI think 30 years of trying and failing with the “cut taxes” approach has proven that it doesnt work.
Report Post »Autonomous_System
Posted on September 6, 2010 at 9:58amUmmm, $50 Billion? Didn’t we already spend over $1,000 Billion, part of which was suppose to be for infrastructure? I see a “American Recovery and Reinvestment Act” signs all over the freeway. Isn’t THAT the infrastructure stimulus?
This Government is criminal. It is like someone who KNOWS that are about to file bankruptcy. ‘Max out the credit card cause we are going down’.
Report Post »ohthehugemanatee
Posted on September 6, 2010 at 10:25amGreat point!
Report Post »jeffgardner
Posted on September 6, 2010 at 1:38pmYep, it’s yet another payback to the Unions. Like he hasn’t handed them enough already.
Report Post »Elucidate
Posted on September 6, 2010 at 1:40pmMy thoughts exactly. Am I aloud to say, WTF?! He‘s trying to spend as much money as fast as possible because he knows he’ll have an extremely difficult time January. Which leads me to think, the potential for voted out incumbents to stick it to us one more time and vote with no morals and do everything to spite us. The Roll Call will be quite long in January.
Report Post »dg12
Posted on September 7, 2010 at 9:59amThe following information concerns me almost as much as the spending. When this new “bank” is created, what changes to our current banking system will tag along in the bill?
Report Post »“Obama also plans to call for changes in the way projects are selected for funding, though creation of an “infrastructure bank” that would work with state and local governments to target “projects that are most critical to our economic progress.”"
oldschoolamerican
Posted on September 7, 2010 at 1:43pmYeah, it’d be sweet if this really created jobs; buuuuut, all the people who work on roads and railways are in what? Lets say it together people, UNIONS! Which means, this probably isn’t going to create many jobs, it just means most of the lazy a$$ union workers who get paid extravagant wages to do almost nothing might actually have to work for a change. So all in all this might create a couple jobs, but I bet it will be very very few. Certainly not enough for us to warrant putting ourselves into debt for another 30 years or so. Stop the government spending! It helps no one!
Report Post »grsteinberg
Posted on September 6, 2010 at 9:57amPerhaps Obama should sell some of Marie Antoinette’s shoes instead of more stimulus money.
Report Post »jose wasabi
Posted on September 6, 2010 at 9:56amThis is pay-back to the Unions, plain and simple. Do you see any non-union jobs in there? $$$ in exchange for votes. Does anyone believe building some roads is going to bring our economy back? That‘s all that’s wrong with the economy? And, wasn;t this supposed to be in Stimulus #1?
Report Post »familyofsix
Posted on September 6, 2010 at 4:40pmExactly right, this is just union payback, plain and simple. Obama…STOP wasting this money…you’re destroying this nation!
Report Post »Silversmith
Posted on September 6, 2010 at 8:11pmAnd aren’t the Unions preparing to spend record sums promoting candidates for November? I guess THIS is where they are getting it!!
Silversmith
Report Post »kcurtis
Posted on September 6, 2010 at 9:45pmYou hit the nail right on the head, This guy is destroying America one spending bill at a time, I guess people don’t mind borrowing money from china,
Report Post »extexjb
Posted on September 6, 2010 at 10:26pmYou are absolutely right! Buying votes…..STOP the damn spending Obama! You hate hearing ‘we the people’ yelling at all the agenda-based crap you come up with….we’re sick & tired of not hearing ANY truth coming out of DC and not being ‘heard’ ourselves…………
Report Post »blazingglory
Posted on September 7, 2010 at 10:09amPay back to the unions is much worse than most know.. For instance, did you know that in the health care bill as with most, if not all, fedeal spending bills that have jobs available are required to comply with the Davis Bacon Act. In short that act says that all employment will be union performed and monitored by the union for compliance!!! That requirement alone added a huge increase in costs to all the contracts I would let. So I’ll just keep my money and the union can go jobless!
Report Post »Freelancer
Posted on September 6, 2010 at 9:51amAnything he can up with to accelerate the collapse of our economy. Spend, spend and spend some more until our credit is downgraded and we have no more access to money. Cloward and Piven much?
Report Post »timeisnow
Posted on September 6, 2010 at 1:10pmfreelancer
I know thats exactly what they are doing, we have been taught well. They hide the destruciton of our economy as a bail out.. They know what they are doing, and they were taught to do it in just this fashion…. All part of Cloward and Pivens Plan….Get these bastards out! November cant come fast enough!
Report Post »GnomeChomsky
Posted on September 6, 2010 at 3:50pmGlenn Beck saying “Cloward-Piven is bad and thats what the evil progressives are doing” is not being taught anything. I have seen this nonsense multiple times here and its clear that not a one of you have actually looked it up for yourselves. You are just a sad example of group think and a noisy ill informed echo chamber.
Report Post »timeisnow
Posted on September 6, 2010 at 4:50pmGnomechomsky
Report Post »What the hell do you know, have you read Cloward and Piven or Alinsky? doing the Alinsky dance on any one of us on theblaze is a waste of our time… We know what they are doing and why, we know all about the social Justice Agenda of Obama and the Progressives that are destroying our country… Take a look at Rules for Radical page 126 on Tactics, you are dumber than you think if you think we are just repeating anyones talking points, we do our homework, unlike you who just spew Democrat Propaganda, which in case you havent notices is not working on any of us… See you in November Radical!!!!!!!!!!!!!!!!1LOL
GnomeChomsky
Posted on September 6, 2010 at 5:16pmI am dumber than I think? Hahaha ahh you crack me up. Nearly your entire comment is straight from a Glenn Beck transcript so you are right youre not repeating just talking points youre lifting the entire thing. Yes I have read Cloward-Piven and if you had as well you would know it is not about destroying the economy but destroying the contemporary welfare system.
Report Post »br549
Posted on September 7, 2010 at 12:45amGnomechomsky…you don’t have to be a rocket scientist to know that “deficit” is not good business, regardless of who does it. But $50 Billion? I could have a great time if my bank would let me spend without a chance in hell of ever paying it back.
Report Post »GmaJan
Posted on September 6, 2010 at 9:51amHmmm…none of us can manage OUR finances this way.
Let’s see…I don‘t think I’m doing so well and more spending will make it better. I go to my employer and say, “Give me more money so I can feel better by spending more money.” I’m just not seeing that happening!!
WE THE PEOPLE are the employers of those in government. We MUST tell them to stop the spending, they may NOT have any more money!!
Report Post »Overmanwarrior
Posted on September 6, 2010 at 9:58amWell said!!!!!
Report Post »LadyIzShy
Posted on September 6, 2010 at 3:33pmhere here I agree
Report Post »Spookytruck
Posted on September 7, 2010 at 11:15amLet’s see. The Civilian Conservation Camps and the TVA didn’t bring the economy back under Roosevelt. Tax and spend didn’t work under Johnson and Carter. How do you think the same policies are going to work under BHO? The definition of insanity is doing the same thing over and over and expecting different results each time. Well I guess we now know the mental state of the Liberal/Progressives.
Report Post »ccmill
Posted on September 6, 2010 at 9:43amWhen the crash came in 2008, we were warned that the jobs picture always lags behind the markets. It took a while for unemployment to get bad, so we can expect it to take a while for it to come back. Businesses need customers more than anything. This stimulus should help.
nokoolaid4me
Posted on September 6, 2010 at 10:37amAdd your comments
Report Post »nokoolaid4me
Posted on September 6, 2010 at 10:38amjust like the last stimulus bill. put the pipe down
Report Post »dk2835
Posted on September 6, 2010 at 10:51amwhoa!!…I thought the stimulus bill of ‘09 was for ’shovel ready’ projects!!??…now we need to spend more $$??…instead of spending bucks for a bridge for a turtle crossing or resurfacing runways of airports with no airline traffic…we should have been spending the first stimulus on the roadways…let’s stop the spending, get govt. out of the way, and let the free market take over and increase the economy, which will put people back on a payroll and revenue will go up…Einstein said it best..‘doing the same thing over and over again expecting different results is called insanity’…..
Jeetman
Posted on September 6, 2010 at 11:17amI think you need to seek psychiatric help if you think ANOTHER stimulus spending bill is going to do anything. Here’s a though, how about actually creating jobs by opening up energy options. Tell the EPA to shut up and start a massive self-reliant energy program that immediately starts production on nuclear power plants, oil exploration on land and sea in our own country by more than just 5 oil controlling companies and damn it, start drilling in ANWR Alaska, allow for the expansion of natural gas exploration, coal, Hydrogen and ANY AND all of our resources while we ALSO continue to perfect solar and electric cars. Think of what a stimulus THAT would be.
The problem is the REGULATIONS in place that restrict us are ridiculous. The EPA is a nightmare today. True we need to have safe methods but the EPA run by a bunch of ******** is hurting us.
Here’s another idea, start making it more profitable for companies to build their business here in the US instead of India, China or overseas in general. STOP allowing slave labor in these other countries by gradually making it a less desirable option to have a product made in other countries. This would put Americans to work.
STOP the bleeding at the borders which is allowing illegal aliens to rob our treasury, job market and putting an incredible strain on our hospitals. Amend the 14th amendment to REMOVE the anchor baby clause that allows illegals to have babies here just to make them American citizens. That will shut down that market.
Put the might of the US military to deal with the drug lords who have decided to include us in their drug feud. NOT the Nation Guard. The FULL military might of the USA on the border and just across the border to send a STRONG message to these drug lords that if they involve our country with their stupid feud, we won’t let them take it to our country. If the Mexican government complains, TOUGH DODO!!! They aren’t stopping them from crossing OUR borders so we WILL!!
Finally, STOP with the handouts and entitlements. People need to understand personal responsibility. One of the main reasons the belief has shifted from personal responsibility and self-reliance is because of ALL the government hand outs. It’s so bad today that the younger generation actually thinks that they are entitled to them. SORRY but no you are not!!! America is NOT a socialist country. All these assistance programs are not helping people to achieve personal responsibility and self-reliance. They are MAKING us dependent on government. Unfortunately it’s like a drug addiction. Once you are on it, it’s hard to get off it.
Just imagine what our economy would be like if we produced and sold our own energy instead of importing. Also imagine if we went back to manufacturing our OWN products in America. Now imagine if we stopped with the free handouts and gave people the avenues to be self-reliant. These 3 things alone over a 10-20 year period would lower our debt and make us a better country.
hucksqr
Posted on September 6, 2010 at 11:52amWhat business needs more than anything right now isn’t customers. That’s short sighted. What they really need is for government to stop taxing them to death, and stop regulating them to death. Free up the markets, end our involvment in organizations such as the WTO and NAFTA, and we will start to see our economy right itself.
Report Post »ME
Posted on September 6, 2010 at 12:54pmhucksqr
You nailed that right on the head!!!!
Only getting the government out of my pocket, though taxes, regulation and mountains of paperwork will get me to think about hiring again or doing anything but down scaling my business as I have done for the last two years.
Report Post »RailRider
Posted on September 6, 2010 at 12:54pmTo help we need no new taxes,all of the bush tax cuts made part of the tax code or a flat tax,stop spending money we as a nation do not have and TERM LIMITS
Report Post »LadyIzShy
Posted on September 6, 2010 at 3:28pmthe last stimulas didnt get me to spend my money this wont either..
Report Post »valricoslash
Posted on September 6, 2010 at 3:58pmIt must be getting close to election day as the President is pulling out all stops to help get the purveyors of tax and spend re-elected. It won’t work. The American people are smarter than that and I hope the predictions of GOP seat gains in Novvember are about 40 seats low and that a new record change of seats takes place.
Report Post »fight4freedom1
Posted on September 6, 2010 at 4:37pmYou mean like the last stimulus helped? More spending is NOT the answer. Removal of BHO is the ONLY answer that will spur our ailing economy.
Report Post »Massey-50
Posted on September 6, 2010 at 4:56pmSo just how long is “a while”. I’ve waited long enough. I don‘t go spend money I don’t have. How about the Gov treat their spending the same as any American family does. Spend what you have, put some in savings for a rainy day.
I think it is about time the entitlement spending stops, Quite frankly, it chaps my a$$ to keep supporting those able bodied workers that are to lazy or unmotivated to work. Here’s a thought, send them to take some of the illegal imigrant jobs and suppliment their income if needed. See how long it takes them to get motivated to off entitlements when they have to work for a living instaead of sitting on there a$$ with all the time in the day to support your “wait a while” philosiphy.
I strongly support getting rid of every incombant. As a matter of fact, we can fire all but three Senators and House Reps. along with all there staff. One Dem, One Rep and one independant. As long as they want to keep voting the party line instead of supporting their constituants, they and all there aids can go home, How would that be for reducing spending. Just think of all the money saved not having to pay off all the aids college loans.
I’m sorrry,,, I made a mistake…. Since they vote the party line, we don’t need the Dem and Rep, we just need the independant. even more saving.
May God bless us all.
Report Post »cynderella
Posted on September 6, 2010 at 7:26pmccmill, you are completely out of your mind. I will pray for you and the rest of the idiots in the White House. They have no shame…This stimulus is for the UNIONS and the UNIONS only…..Obama and is cronies do not care about anyone but themselves and the special interest groups.
Report Post »Silversmith
Posted on September 6, 2010 at 8:07pmWrong, just wrong!!
Silversmith
Report Post »uusecommonsense
Posted on September 6, 2010 at 11:44pmOh yeah. The stimulus worked. Here’s proof right here that it created jobs. I guarantee it was stimulus money that paid CCMILL to troll conservative blogs and write Pro-obama propaganda in the comments. That’s one job created by obama. Meanwhile, spending Taxpayer money(that we don’t have) to pay Taxpayers to work on Taxpayer owned infrastucture, so that the govt. can collect taxes on the Taxpayers’ salaries, makes about as much sense as spending your mortgage payments on remodeling your house, so that when the bank forcloses, they can sell it for more and come after you for less! Nice Try CommunistCrapMill
Report Post »aafriend
Posted on September 7, 2010 at 9:28amThis was very predictable, this is about funding jobs that support the Democrats. if any one does not believe that this is a way to fund election campaigns, we are all in denial. the republicans and Democrats play the same game. Two months before elections. give me a break. Just watch the union involvement in this election.
Report Post »blazingglory
Posted on September 7, 2010 at 9:54amSame old story; buy the senate vote of his own party; whine about the party of no even though your party has control; then think you can buy the public vote with the same ‘shovel ready’ jobs that he didn’t deliver last time. And all with my money??? Yatah,yatah,yatah!
Report Post »ConstitutionalPatriot
Posted on September 7, 2010 at 12:59pmFollow history much? Printing money without backing never worked. Raising taxes to stimulate growth never worked. You want stimulus, cut spending, reduce government, reduce taxes, and let the free market run. Example: 1920′s recession, they cut taxes, cut spending, reduced government . . . huge economy more poor became middle class and middle class became upper class. Late 1940‘s early 1950’s cut taxes, cut government, cut spending . . . huge economy and individual growth. 1960′s Cut taxes, cut spending . . . Huge growth. 1980′s cut taxes, cut government . . . huge growth. 2000′s Cut taxes even with an attack on America, huge growth! Could you imagine what would have happened if they used the triple team at any of these times, 60′s, 80′s, 2000′s it would have been incredible. Let us follow history and not stupidity, Please America . . . Let us not follow Wilson, Hoover, FDR, Carter, or Obama. Let’s follow Harding, Coolidge, Eisenhower, Kennedy, Reagan, and Bush II with an eye to replicating Harding and Coolidge’s triple team!!
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