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Obama Assails GOP...

J

Jetfire

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Promotes new jobs program.

https://www.mail.com/Article.aspx/m...Business/20100906/U_US-Obama-Economy?pageid=1

A combative President Barack Obama rolled out a long-term jobs program Monday that would exceed $50 billion to rebuild roads, railways and runways, and coupled it with a blunt campaign-season assault on Republicans for causing Americans' hard economic times.

GOP leaders instantly assailed Obama's proposal as an ineffective one that would simply raise already excessive federal spending. Many congressional Democrats are also likely to be reluctant to boost expenditures and increase federal deficits just weeks before elections that will determine control of Congress.

The plan calls for rebuilding 150,000 miles of roads; building and maintaining 4,000 miles of rail lines and 150 miles of airport runways, and installing a new air navigation system to reduce travel times and delays.

Obama also called for a permanent funding mechanism, an infrastructure bank, to focus on paying for national and regional infrastructure projects. Officials provided few details of how the bank would work.

Obama said the proposal would be fully paid for. In an earlier briefing for reporters, administration officials said Obama would pay for the program by asking lawmakers to close tax breaks for oil and gas companies and multinational corporations.

So do I just call up The White House to get one of these jobs? :lol: :sigh:
 
Great, more Chicago style politics. Have we not already greased the palms of these giant contractors who build roads, bridges, runways, etc and hire illegal immigrants to do the work. Wasn't that what the stimulus was about? We can't afford this as a people. Obama needs to quit supporting contractors and start helping American industry. We need to find a way to bring manufacturing jobs back. Those were the good paying middle class jobs that allowed the US to grow.
 
If we want manufacturing jobs back, that means hiking import tariffs, which invokes that dirty word: "protectionism."

It also means punishing American companies that offshore, giving them tax penalties or whatever.
 
If we want manufacturing jobs back, that means hiking import tariffs, which invokes that dirty word: "protectionism."

It also means punishing American companies that offshore, giving them tax penalties or whatever.
I would say that is one very narrow way of doing it. Taxation is not the only thing a government can do but no one seems to want to take the blinders off. One thing is that government agencies should start working with businesses instead of against them. They have imposed so many restrictions on US business that they cannot compete. There would not be the need for tariffs if not for this. Tariffs are not the answer.
 
:rolleyes: I should have expected as much. I forgot, the only way we can compete with China is to strip away all regulation and worker protections.
 
Building roads and runways, aside for the corrupt kickbacks mentioned above, is a very poor way to spend money if the goal is boosting the economy, in either the near term or the long term.

The construction companies aren't going to be buying new fleets of Caterpillars. They're going to use the equipment they've owned for past ten or twenty years.

There haven't been any big productivity gains in bulldozer operation or concrete pouring in the past fifty years, so unlike a dollar spent on electronics, each dollar we spend on roadbuilding goes no further than it did during Eisenhower's administration (and actually far less because of overhead costs that have gone up).

Building yet more roads has long passed the point diminishing returns to the rest of the economy because we've already paved just about everything that is paveable. The first paved roads provided a huge boost to economic activity by lowering the costs of transportation, and the federal highway system improved transportation even further. But at this point building yet more roads from point A to point B brings only marginal returns, if any, much like running slightly larger water lines to everybody's house. Nobody actually needed a bigger water line, so running them is just make-work that will add nothing to anyone's productivity.

Any new construction projects will just get queued up behing the existing ones, along with a huge hunk of the earlier $787 billion stimulus package's projects that are queued up, so the only people who will immediately benefit are government planning bureaucracies (who were already fully staffed and fully employed) who will get new projects they can bill their time to as they surf online porn.

So the program will generate little if any economic growth.

On the other hand, Obama is going to pay for it with increased taxes on oil and gas companies, the costs of which get passed directly to consumers (and again from manufacturers and retailers who also get hit with increased costs). So in return for no economic growth we get higher prices on everything, which will be hitting us along with some of the biggest tax increases in our history (starting in about four months), driving us even deeper into recession.

This isn't a plan, it's the reflexive death twitch of brain dead politicians who think paving roads for the thousandth time is what drives an economy forward, even though it's long since had no more economic multiplier effects than mowing lawns.
 
If we want manufacturing jobs back, that means hiking import tariffs, which invokes that dirty word: "protectionism."

It also means punishing American companies that offshore, giving them tax penalties or whatever.
I would say that is one very narrow way of doing it. Taxation is not the only thing a government can do but no one seems to want to take the blinders off. One thing is that government agencies should start working with businesses instead of against them. They have imposed so many restrictions on US business that they cannot compete. There would not be the need for tariffs if not for this. Tariffs are not the answer.
Let me guess. You're employed.

We're in this economic disaster because we had EIGHT :censored: YEARS!! of Republican mismanagement and its hands-off approach to business regulation.
 
^ The United States has been writing cheques it can't cash for generations now. Bill Clinton represents about the only instance of economic sanity the nation can remember. :lol:
 
Bill Clinton represents about the only instance of economic sanity the nation can remember. :lol:


Absolutely not. He was better that the presidents around him but he was the one who signed a lot of these deregulation bills.
 
If we want manufacturing jobs back, that means hiking import tariffs, which invokes that dirty word: "protectionism."

It also means punishing American companies that offshore, giving them tax penalties or whatever.
I would say that is one very narrow way of doing it. Taxation is not the only thing a government can do but no one seems to want to take the blinders off. One thing is that government agencies should start working with businesses instead of against them. They have imposed so many restrictions on US business that they cannot compete. There would not be the need for tariffs if not for this. Tariffs are not the answer.

People need to accept that the world is a somewhat dangerous place. We can not be protected from everything, and we should not be throwing money around in the futile pursuit of making the country "childproof".

Industries can do better if they are not regulated so closely. The egg industry, in particular. It is unfair that a few hundred citizens getting sick from salmonella have lead to losses to this company and the industry from bad PR and egg recalls.

Bad meat, contaminated lettuce.... we are a people strong enough to deal with these things without imposing regulations over a few "broken eggs".

Faulty brakes or exploding oil wells- get over it. Too much attention and money has already been spent on these issues. With less regulation, it is clear that these things would not have happened.

In the same vein, deaths from terrorist activity is a fact of life in many parts of the world. Americans should toughen up. We'd have more money to use stateside (and keep in the pockets of our taxpayers) if we would give up these fool's errands policing in other lands and beef up our own security measures on our own soil. Terrorism will always be out there. Stop throwing all this money at preventing the unpreventable. Toughen up!



........ to be clear, I do not believe what I wrote above, and I went on too long to make a point. Al these things we all seem to want cost money.

The truth is, much of our older infrastructure is in very sad shape. Too many times things that should be replaced are only being patched. It is only a question of whether we want to make preventative efforts now, or wait until more bridges collapse and more water and sewer systems deteriorate.

Workers in other parts of the world seem to be willing to work longer hours for less money. Whether American companies choose to relocate their factories in other countries or make changes to keep their industries here, I do not see how the
situation can not lead to anything other than Americans getting used to a lower standard of living with fewer toys.

I actually AM serious here. How do we compete in a world where workers in other lands are willing (and are content?) to work harder for less? Seriously? How?

What, specifically, do industries need more from the government such that the government would be working WITH them? Removing which regulations will not lead somewhere to some individuals being less safe or healthy?
 
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