Gunboards Forums banner
1 - 13 of 13 Posts

· Banned
Joined
·
5,986 Posts
Discussion Starter · #1 ·
Remember when even Clinton said the era of big government was over? Ha!

Reaganism is dead. FDR is the man now.


------------------------------------------------------------------------------
Obama Plans Largest Building Program Since 1950s

By Hans Nichols

Dec. 6 (Bloomberg) -- President-elect Barack Obama said he’ll make the “single largest new investment” in roads, bridges and public buildings since the Eisenhower Administration to lift the sagging economy and create jobs.

Obama, in his weekly radio speech today, said his plan to create or preserve 2.5 million jobs will also include making public buildings more energy efficient, repairing schools and modernizing health care with electronic medical records.

“We won’t just throw money at the problem,” he said. “We’ll measure progress by the reforms we make and the results we achieve -- by the jobs we create, by the energy we save, by whether America is more competitive in the world.”

Obama spoke a day after a government report showed employers in the U.S. slashed 533,000 jobs last month, the biggest decline in 34 years. The losses are “another painful reminder of the serious economic challenge our country is facing,” Obama said.

The speech offered the first details of Obama’s job- creation program. He said the investment in infrastructure will be the largest since President Dwight D. Eisenhower created the interstate highway system a half-century ago.

“When Congress reconvenes in January, I look forward to working with them to pass a plan immediately,” he said. Obama takes office as the 44th president on Jan. 20.

Congressional Democrats

With the economy heading toward the longest and deepest recession since World War II, pressure is rising for a spending program that will create new jobs. Congressional Democrats have said they will send Obama an economic stimulus package as soon as he takes office. New York Senator Charles Schumer late last month put the size of such a program at between $500 billion and $700 billion.

In addition to investing in infrastructure, requiring energy standards on public buildings and updating health-care practices, Obama said that he will start a “sweeping effort to modernize and upgrade school buildings” and will boost broadband access across America.

To the states that will be the conduits for the funding, he had a simple message: “use it or lose it.”

“If a state doesn’t act quickly to invest in roads and bridges in their communities, they’ll lose the money,” he said.

Obama’s plan to make public buildings more energy efficient should reduce the government’s energy bill, which he called the highest in the world. He plans to replace heating systems and install energy-efficient light bulbs.

Internet Upgrade

Obama also plans to upgrade Internet infrastructure, calling it “unacceptable that the United States ranks 15th in the world in broadband adoption.”

Upgrading health care is the final component of the plan. By introducing new technology and electronic medical records, he said health-care workers could “prevent medical mistakes, and help save billions of dollars each year.”

Obama, in Chicago for the weekend, has no public events scheduled for today. Tomorrow, he will mark the anniversary of the 1941 attack on Pearl Harbor with a news conference in Chicago, according to a statement from his transition team.

Obama will announce his choice to lead the Department of Veterans Affairs at the news conference, according to a Democratic aide who spoke on the condition of anonymity.
 

· Registered
Joined
·
1,244 Posts
Just out of curiousity- how does he plan to pay for all of this?????

Watch inflation come back to the carter era levels as the govt is just putiing too much money into the money supply!!!!
 

· Banned
Joined
·
5,986 Posts
Discussion Starter · #3 ·
Just out of curiousity- how does he plan to pay for all of this?????

Watch inflation come back to the carter era levels as the govt is just outting ttoo much moeny into the money supply!!!!
I know, and these "Jobs programs" will go on for DECADES, eating TRILLIONS of taxpayers dollars.


The US dollars will be worthless.
 

· Registered
Joined
·
2,852 Posts
free labor

we will all have a job redoing the infrastructure..first gun consfication,,found guilty of have a newly outlawed illegal firearm,off to the gulag,reeducation,off to work with a pick and shovel happaly whistleing the obama national song,,after a long day,,cabbage soup and humble pie,,and the warm fuzzy thought that you do your part for the administration..oh yea haveing fun harrassing the newly appointed guards of the new national police force
 

· Gold Bullet Member
Joined
·
2,909 Posts
The problem i have is not that we're rebuilding infrastructure. It can't hurt to build more productive capital in this country- roads, bridges, power and sewer lines. But they're viewing it as a means of giving people jobs rather than building more productive capital. They're thinking it is a win/win situation- employment, more capital, no downside - so they will push "the more, the better" as government is so apt to do. They'll go too far with the keynesian thinking on this, forget about crowding out and inflation effects, and end up with a disaster.

If there is ever a time to build infrastructure, it's when unemployment rates are rising so you can get labor cheaper and avoid pushing up price levels too much.
 

· Diamond with Oak Clusters Bullet Member
Joined
·
105,354 Posts
Just out of curiousity- how does he plan to pay for all of this?????

Watch inflation come back to the carter era levels as the govt is just putiing too much money into the money supply!!!!
The rich people will pay - what else.
 

· Diamond with Oak Clusters Bullet Member
Joined
·
105,354 Posts
If there is ever a time to build infrastructure, it's when unemployment rates are rising so you can get labor cheaper and avoid pushing up price levels too much.
That's true - as long as they don't have to pay union wages. But many, if not most, public projects require union wages to be paid.
 

· Diamond Bullet Member
Joined
·
10,387 Posts
“If a state doesn’t act quickly to invest in roads and bridges in their communities, they’ll lose the money,” he said.

In other words - find something- anything- to blow the money on. It doesn't matter if it makes sense or not.
Here in Kali we're hoping to use some of this on the recently approved bullet train project - one of the dumbest public works projects ever to get voted on in this state. A train from SF to LA - when there's three airports in each of those metropolitan areas with planes every 45 minutes and rarely any conjection on the roads if one wants to drive. Of course no matter how you get there, you can't move around once you arrive - which is the real issue. Billions spent on a non-existent problem. If anything, this will actually encourage urban sprawl.
 

· Silver Bullet Member an all around excellent guy
Joined
·
49,992 Posts
Well, let's wait and see.

Our Federal gov't has spent money on almost everything other than what they should be spending it on. Being a Xenophobic Isolationist, I encourage American tax dollars being spent on things every American uses, can utilize, or otherwise enjoys. I for one will take a "bridge to nowhere" being built in America by Americans in lieu of any structure in Iraq being funded by American tax dollars.

Our own infrastructure has been ignored for too long. Its a damnable shame we couldn't address these issues when we actually had some money.

The real trick is putting money into those things that benefit all Americans instead of only a few, be they rich or poor or another special interest category. Hopefully, with money being tight we will -as a nation- re-prioritize our spending to focus on necessities.

Its funny, but to my mind the problems that this country presently has also give rise to real opportunities.
 

· Silver Bullet member
Joined
·
36,347 Posts
Stagflation, anyone?

I'm coming around to the idea that the US government and Fed has done as much as it can, saving the financial system and preventing a Great Depression, and that a deep recession, like 1980's type, is inevitable to reset the economy for another growth period. the early 80's burned out inflation. We now need a recession to get rid of the bad habits like too much borrowing by everyone, a belief in a lack of consequences for stupidity, rampant consumerism, insane union contracts, big everything government, negative savings, running up debts using plastic and "investing" in single family residences on someone else's money. Otherwise the problems that caused all this will come right back.

Try and avoid it and the consequences may be the same recession, just stretched waaay out with inflation replacing the fears of deflation as the Big O Building Plan flushes gazillions down the rathole.
 
1 - 13 of 13 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top