Well, Barack Obama is already talking about creating new jobs........
What he is NOT talking about, however, is where all the money is going to come from to finance all these job-creating projects. Keep in mind, one of Obama's biggest promises was that he would not raise taxes on anybody making less than $250,000 (or was it $200,000??......or was it $150,000??.......or was it $100,000??........Oh, well......).
The price tag for all these projects doesn't even include creating a national health care system, financing the continued war in Iraq, balancing the budget and bringing the national debt down, or bailing out the automakers or anybody else that may end up needing bailed out.
Here is part of the news story ftom Yahoo News. If you are interested in reading the complete news story, here is a link to it.............
www.news.yahoo.com/s/ap/20081206/ap_on_el_pr/obama_economy
"CHICAGO - President-elect Barack Obama said Saturday he wants to revive the economy through a job-creating public works plan on a scale unseen since the building program of the interstate highway system in the 1950s.
He offered no price estimate for the grand plan, how the money might be divided or the effect on the country's financial health at a time of burgeoning deficits.
The ideas were outlined in the weekly radio address the day after the government reported that employers cut 533,000 jobs in November, the most in 34 years. They are part of a vision for a massive economy recovery plan Obama wants Congress to pass and have waiting on his desk when he takes office Jan. 20.
The president-elect's address never once used the word "spend," relying instead on "invest" or "investments," and pledging wise stewardship of taxpayer money in upgrading roads and schools, and making public buildings more energy-efficient.
"We won't just throw money at the problem," Obama 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 said his plan would employ millions of people by "making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s." He said state officials would lose the federal dollars if they did not quickly use the money to repair highways and bridges.
According to the Federal Highway Administration, a 1991 final estimate of the cost of the interstate system put it at $128.9 billion, with a federal share of $114.3 billion. The estimate covered only the mileage (42,795 miles) built under the interstate construction program. Construction of the system began in 1956 under President Dwight Eisenhower.
More than 5,000 highway projects are ready to go today, state transportation officials say, if Congress will pony up $64.3 billion as part of an economic aid plan. The American Association of State Highway and Transportation Officials, which compiled the list, said the projects would provide jobs and help reduce a backlog of crumbling roads and bridges.
A bipartisan group of governors recently met with Obama to press for some $136 billion in infrastructure projects in addition to money for health care costs."
So........what do you think???.................
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Comments: 16
Obama can do it yes, he can... He is the magic man........
It does sound like a plausable idea, especially with his Marxist training, this would be right up his alley...
What happened to PERSONAL responsibility for your own life????
"House Speaker Nancy Pelosi (D-Calif.) has called for spending between $400 billion and $500 billion on the overall package. Some Senate Democrats and other economists have suggested spending even more -- potentially $1 trillion..."
Now that's one 'massive spending program'. I guess you'd never even dreamt a chain-gang could get this (loco) pricey. FDR tried this gimmick in the early 30's...did nothing to end the Depression, in fact it prolonged it into the 40's, but, it kept the masses from uprising. To protect the haves you have to throw a few crumbs down to the have nots.
Obama and crew still haven't come up with one original idea...not a one. Barack started his elecrion campaign with John Kerry's playbook; than he pilfered Hillary's healthcare plan with the wording rearranged a bit to make it look like his own; Bill Richardson immediate end to the war on Iraq reformulated, of course, to make it a not so sudden 'withdrawal';...and so on...and now he's doing his FDR schtick. Copying a pseudo-solution to an economic crisis that in actuality had little to do with the recovery which came a decade later via universal conscription.
Nancy just can't wait to put the have nots further in debt.
You all know about how they will take our 401k & IRA's don't you? The public won't hear about it because it will be done in secret so people don't pull their funds out - if they have any left after the stock market crashing, and crashing, and crashing... Oh dear, I got carried away.
Hereis the link to the info:
http://www.carolinajournal.com/exclusives/dems-target-private-retirement-accounts.html
Nov, everyone all together now, say THANK YOU LINDA!
I "heard" it may be as soon as Jan. and before he takes office officially so he doesn't get the heat. If you read the fine print of the 401k and IRA's - they really don't belong to you anyhow. The govt. had this plan to make you save and - shazaam! like magic - it's theirs!
It's that "spreading the wealth" thing...
From the Founding Fathers, when they wrote the Constitution, down to today our government, as Adam Smith said, was "instituted for the defense of the rich against the poor". They fool people and people fool themselves with the designation 'the middle class'...what is the middle class...the laborers who pick up the tab and are one paycheck away from being poor.
There was not one dirt farmer or poor artisan among the framers of our' Constitution only the propertied wealthy. Nothing will change...the middle class will continue to blame the destitute for the money the wealthy are stealing from them. Redistribution of wealth...never happen...oh, they might divvy up the little piece of the pie that goes to the self-deluded middle-classers by scattering a few crumbs to the poor, but, nobody touches the 90% of the pie that the wealthy will continue to gobble up while the middle class blames the totally disenfranchised.
Who's going to pay for this 'massive spending program'? The laborers who pick up the tab and are one paycheck away from being poor.
"Poor people are always getting short-changed.
But, if you listen to the rantings of the wealthy and the so-called middle class, you'd never believe it!
The rich and middle class are always blaming everything on the poor -- and they get away with it because poor people have no one to speak in their behalf; they have no lobby, no money for advertising campaigns, no newspapers or magazines to take their point of view, no influence with politicians.
Worse, there's little or no reason for the economically privileged to want to associate with poor people! The wealthy see them as ne'er-do-wells who could be just as rich as they are if they weren't so lazy and shiftless; the middle class -- which prefers to distance itself from the poor while vicariously rubbing elbows with the country-club set -- like to keep the poor at arms length, always crying that the poor live a life of ease on welfare and other social programs while they are forced to pay the bills.
It's bad enough that the poor are the constant target of the most powerful in our society (the combination of the rich and middle class is a formidable foe, indeed), but the worst cut of all is that the poor are least equipped to defend themselves.
You don't need an extensive sociological study by a prestigious university to know that most poor people emanate from, you guessed it, poor people! It's easy to deduce that the children of poor people, with few exceptions, are likely to be poor. And being poor means you're lucky if you graduate from high school much less from a great university.
One of the things I like best about poor people runs to the heart of why they are, and remain, poor; they are very generous! By definition poor people don't have a lot of money; but, if you ever need a half dollar for a cup of coffee or a bowl of soup, I suggest that you ask someone who is poor.
A poor man will give you his last dollar, gladly, if he possibly can -- and, often, even if he can't; a middle class man will more likely tell you to go ask the Salvation Army; a rich man will tend to rationalize and, more often than not, tell you how he had to struggle to get his money and then advise you to go get a job!
A poor man will give you no lecture, nor any holier-than-thou advice; he won't even ask you how much money you make or how much you have in the bank. No, a poor man won't look for excuses, won't rationalize to find a way to say no; chances are he'll give you that dollar, even if it is his last.
Maybe we should pass a law that's designed to teach poor people how not to be poor, how to become middle class, even wealthy. Maybe we should bring into the schools some of society's most successful and wealthy people to teach poor people how to make, and hold onto, every penny they get.
It shouldn't be too difficult to show the poor how foolish it is to give away one's money to someone in need, unless of course one gets a generous tax cut; that generosity is for fools; that one has to be hard-nosed if one wants to get what's coming to him in this world; that we can't be expected to be our brothers' keeper.
Personally, I hope -- and expect -- that the poor will never change.
Said Letitia Elizabeth Landon, 1802-1838: "Few, save the poor, feel for the poor."
http://hubpages.com/hub/Lets-Give-the-Poor-a-Break
I'm a Conservative...a compassionate Conservative...not like Dubya, only in rhetoric, but, a real one. Let's lay the blame where it belongs with the haves and not with the have nots. One of the few things I like about the Liberals is that they are compassionate...but, now they are beginning to sound like the 'rugged individualist', of the slave class laboring, Conservatives.
Over the last 30 years there has been a redistribute the wealth campaign in the U.S. in which the government has helped the rich acquire a larger and larger share of the nation's wealth and assets. The middle class income in real terms has remained relatively constant over the last 15 years while productivity has increased greatly. Where has all that extra wealth gone? It certainly hasn't gone to the poor. It has gone to the rich. When the workers in a company produce more per hour who gets the bonus and more perks? The rich. Whose income goes up? The stockholders. Now most of the stockholders are ordinary folks. But who owns the largest part of that stock? That's right, the rich. There are lots of stockholders who own only a little but a few stockholders own a lot of stock.
In short, folks, the rich have been redistributing wealth away from the middle class and the middle class has been suckered into blaming the poor (like those illegal immigrants). The government gives more money to the rich and borrows heavily to do so and the middle class gets mad at the poor for managing to survive. If you are angry at the thought of the poor getting some money from the government then you have bought the swindle. You are a sucker. You have been conned. You are the fool soon parted from your money. You are a person who can be fooled all the time.
As I asked in other posts ... where's MY bailout?