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Old 08-29-2011, 10:59 AM  
RINGLEADER RINGLEADER is offline
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New Obama Jobs Plan: More "Investment" in Infrastructure?

When will libs understand that buying jobs with money we dont have that ends when the appropriation runs out is not a self-sustaining jobs program. Making it easier for the private sector to create jobs is the better solution.

Of course that would require repealing Obamacare and mist of the regulations enacted, passed, and/or threatened and we can't have that. Just wouldn't be "fair".
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Old 08-29-2011, 11:41 AM   #2
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Obama's "jobs" program is actually his "blame Republicans for not wanting to create jobs and hope it gets me another 4 years in the White House" plan.
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Old 08-29-2011, 12:18 PM   #3
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Just a common sense move. We have tons of infrastructure improvements we need to make, and tons more that will need to be made in the next few years. We also have millions of workers, especially in building and construction, sitting idle without jobs. We can also borrow for next to nothing with long term rates at historic lows. It would be crazy not to do more investment in infrastructure right now.

When people talk about government "creating the right environment for economic growth" they mean more than just low taxes. It also includes providing the modern transportation infrastructure that private industry needs, and that we sorely lack.
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Old 08-29-2011, 12:19 PM   #4
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Yeah, more spending. Sounds like a great ****ing plan, Adolf.
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Old 08-29-2011, 12:58 PM   #5
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What are the odds Obama's ego will let him just stand up one day and say, you know what my fellow dems, I just flat out suck at this. For the good of the country I'm asking you to find someone else to run in 2012.
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Old 08-29-2011, 01:03 PM   #6
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Originally Posted by Forward Dante View Post
Just a common sense move. We have tons of infrastructure improvements we need to make, and tons more that will need to be made in the next few years. We also have millions of workers, especially in building and construction, sitting idle without jobs. We can also borrow for next to nothing with long term rates at historic lows. It would be crazy not to do more investment in infrastructure right now.

When people talk about government "creating the right environment for economic growth" they mean more than just low taxes. It also includes providing the modern transportation infrastructure that private industry needs, and that we sorely lack.
This argument would be easier to buy from Obama if he had spent the first porkulus on it like he promised instead of just feeding democrat constituencies like government workers. Why should anyone trust him this time around?
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Old 08-29-2011, 01:16 PM   #7
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Originally Posted by Forward Dante View Post
Just a common sense move. We have tons of infrastructure improvements we need to make, and tons more that will need to be made in the next few years. We also have millions of workers, especially in building and construction, sitting idle without jobs. We can also borrow for next to nothing with long term rates at historic lows. It would be crazy not to do more investment in infrastructure right now.

When people talk about government "creating the right environment for economic growth" they mean more than just low taxes. It also includes providing the modern transportation infrastructure that private industry needs, and that we sorely lack.
I would have liked to have seen this infrastructure investment 3 years ago using the "stimulus" money.
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Old 08-29-2011, 01:22 PM   #8
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Old 08-29-2011, 01:34 PM   #9
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If you didn't already know it might scare you how much we actually spend just making those stupid signs.

The absolute worst thing we could do now is allow them to blow more.
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Old 08-29-2011, 01:37 PM   #10
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Originally Posted by mlyonsd View Post
What are the odds Obama's ego will let him just stand up one day and say, you know what my fellow dems, I just flat out suck at this. For the good of the country I'm asking you to find someone else to run in 2012.
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Old 08-29-2011, 03:06 PM   #11
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I have taken several road trips across the country since the big meltdown and subsequent Stimulus packages. I have seen tons of these idiotic signs with nothing going on around them. Which led me to beleive the only thing stimulated was the sign maker and the installer.
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Old 08-29-2011, 03:15 PM   #12
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I'm fairly certain that Obama's jobs plan is going to include the creation of a new bank - something akin to a "National Infrastructure Investment Bank." Basically, a new branch of government with the power to borrow money for infrastructure projects.

Who knows... Might be able to delay the ship from sinking for another 20 years before inflation and all the debt catch up with us. Maybe they'll be able to install another big government program at that time to re-inflate another bubble.
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Old 08-30-2011, 09:51 AM   #13
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Quote:
Originally Posted by Forward Dante View Post
Just a common sense move. We have tons of infrastructure improvements we need to make, and tons more that will need to be made in the next few years. We also have millions of workers, especially in building and construction, sitting idle without jobs. We can also borrow for next to nothing with long term rates at historic lows. It would be crazy not to do more investment in infrastructure right now.

When people talk about government "creating the right environment for economic growth" they mean more than just low taxes. It also includes providing the modern transportation infrastructure that private industry needs, and that we sorely lack.
This is a true point relative to the interest rates, and it is tempting, but it has proven not to work. Government (or any entity that doesn't have to account for it's actions on a day-to-day basis) is incredibly inefficient so while it is true that borrowing rates are low, that borrowing for government spending that is implemented by the government (via unions and other more expensive methods of implementation) actually ends up doing what you're ignoring -- it adds trillions of debt that we can't afford.

This is one of the consequences of being on a bankrupt fiscal trajectory -- and it's unfortunately at a point that Obama's economic philosophies can't save us from.

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Old 08-30-2011, 09:53 AM   #14
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Originally Posted by Forward Dante View Post
Just a common sense move. We have tons of infrastructure improvements we need to make, and tons more that will need to be made in the next few years. We also have millions of workers, especially in building and construction, sitting idle without jobs. We can also borrow for next to nothing with long term rates at historic lows. It would be crazy not to do more investment in infrastructure right now.

When people talk about government "creating the right environment for economic growth" they mean more than just low taxes. It also includes providing the modern transportation infrastructure that private industry needs, and that we sorely lack.
Completely agree if we spend on actual infrastructure. Stop building other nations when ours is falling apart.
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Old 08-30-2011, 10:05 AM   #15
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This argument would be easier to buy from Obama if he had spent the first porkulus on it like he promised instead of just feeding democrat constituencies like government workers. Why should anyone trust him this time around?
This is actually a very fair criticism. If the Republicans oppose spending money on infrastructure, that would be pretty stupid. A better argument is that we should have started doing this right away. (we spent a little bit on infrastructure, but nowhere close to enough) If we had, maybe the construction jobs would have started coming online now.

I do believe for the most part that Keynes is right about the need for the government to stimulate the economy during a spectacular recession or depression, but both Bush *AND* Obama blew it on execution.

It is tempting to hand out checks instead of start much-needed infrastructure projects because infrastructure takes a very long time to ramp up and produce much of a benefit, vs a payroll tax cut which is immediate. Handing out money failed because the American people are in no mood to spend money, that "stimulus" just went straight to paying off debt or under the mattress.

Both Bush and Obama should have ignored the fact that it is bad politics to spend stimulus money on something that will be slow to pay off, because we need it and because this recession was obvious to most that it was going to last a long time anyway.

If this pans out that the feds are finally going to get serious about spending money where it should be spent, then fine, better late than never I guess, but I wish the first round of stimulus would have went into roads and bridges.
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