Monday, September 6, 2010

Too Little, Too Late

Obama Calls for $50 Billion Infrastructure Stimulus

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.

Barry Soetorobama wants another $50 billion of your tax dollars for a new stimulus package, this time targeting infrastructure. This might have been a good idea if it had been done toward the beginning of our economic collapse, but the fact is that the enormous stimulus package the Demoncats already passed only benefited the bottom lines of companies with ties to them, and the bankster bailout bill did more to harm our economy than the stimulus helped recovery. I am not willing to give the president or the Dimocrats one single more dollar to spend frivolously.

When I was reading this story something telling occurred -- I noticed that I was thinking that $50 billion wasn't all that much money compared with how much money Bush and Soetoro have spent, and the trillions of dollars which has been sucked out of our economy by their policies and new laws. But $50 billion is a lot of money and people must fight against this. I hope the fake conservatives who masquerade as the Republican Party fight it in Congress but I fear they won't. Because if the money were actually spent hiring legal American citizens to renovate old roads, bridges, train tracks and the rest or to build new ones, that could actually stimulate the economy.

The problem is that all this money that the government is spending with their new programs is new money either borrowed from foreign countries or simply printed by the Federal Reserve. Both avenues lead to inflation, which harms all Americans. So a few tens of thousands of planners and workers could be hired using another $50 billion is wasteful spending, but like the Census workers that Soetoro used to falsely prop up employment figures, these new construction jobs would be temporary. Yes, they would last last a few years instead of a few months, but when all the projects would have been completed, those people hired under the construction stimulus would again be unemployed.

Therefore this is nothing more than attempt by Barry to look like he and Nancy Lugosi and Harry Greed care about the blue-collar, working American ahead of the elections in November. Yes, $50 billion pales in comparison to the $27.8 trillion dollars that Bloomberg reported had been stolen from the United States by the banksters through all of the fraud of the revolving bank bailout program, but that shouldn't stop us from saying hell no to Congress on this proposal.

I don't think this will trick Americans into thinking that "Obama" cares about them -- his repeated vacations and aloof, snooty attitude have revealed the man's true attitude. But the media could attempt to spin conservatives as uncaring if the Republicans do manage to block such a new stimulus bill in the Congress. And the average citizen, while more aware of media manipulation than ever before, is still to susceptible to it. But I can't wait for November, when I think a very clear message will be sent to Washington D.C.

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