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Obama to Call for $50 Billion Spending on Public Works

Chappy

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Excerpted from “Obama to Call for $50 Billion Spending on Public Works” By SHERYL GAY STOLBERG, The New York Times, Published: September 6, 2010
[SIZE="+2"]P[/SIZE]resident Obama on Monday is to call for as much as $50 billion in government spending to start up a long-term public works plan emphasizing transportation projects – roads, rail and airport runways – over the next six years. …
It's time to put America back to work building America again.

 

Renae

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It's time to put America back to work building America again.

I thought he was supposed to be smart? He keeps making the same mistake over and over and over again. Where is he getting this $50,000,000,000.00? And since the LAST 2 Shovel Ready plans failed, why will this one work? Oh that's right, IT WON'T.
 

BCR

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50 billion really isn't an enormous amount compared to what we have spent on other things.
 

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It's time to put America back to work building America again.

Didn't he promote the last stimulus plan as one for shovel ready infrastructure projects? how did that work out of you? Now this one is going to work? When are liberals ever going to hold Obama responsible for his lies and failed projections?
 

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I thought he was supposed to be smart? He keeps making the same mistake over and over and over again. Where is he getting this $50,000,000,000.00? And since the LAST 2 Shovel Ready plans failed, why will this one work? Oh that's right, IT WON'T.

"NEW YORK -- The Federal Reserve's inability to narrow the gap between consumer borrowing costs and government interest rates is driving investors to the longest-maturity Treasuries.

Central bank officials say they may buy Treasury debt, which helps determine rates on everything from mortgages to auto loans, to prevent borrowing costs from rising and delaying the economic recovery."

Bond market waits for Treasury to start monetizing debt | Gold Anti-Trust Action Committee

j-mac
 

TurtleDude

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$50,000,000,000.00 wasted is still waste.
The death confiscation tax doesn't raise much more than that yet the Libs say that amount is absolutely essential to the government.
 

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$50,000,000,000.00 wasted is still waste.
but this isn't a waste, creating jobs isn't wasteful. Not to mention to make improvements to public property. I see nothing wrong with it.
 

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A good way to employ some people and repair the massive rot to our infrastructure that occurred under the Bush years.
LOL, wasn't that supposed to be the 800+ billion stimulus program signed by Obama in February 2009? Maybe if he hadn't bailed out the unions and other constituent groups we wouldn't another so called bailout. Some things simply never get addressed by liberals.
 

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but this isn't a waste, creating jobs isn't wasteful. Not to mention to make improvements to public property. I see nothing wrong with it.
Where is the guarantee that it will create jobs since the Obama Adminstration has been wrong on every economic projection?
 

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Better to spend money on OUR infrastructure than rebuilding middle east nations that are constantly at war with themselves....
 

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Better to spend money on OUR infrastructure than rebuilding middle east nations that are constantly at war with themselves....
Wasn't that where the first stimulus plan was supposed to go? Why aren't you holding Obama responsible for that lie? Now you continue to buy his rhetoric?

Fool me once, shame on you, Fool me twice shame on ME.
 

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A good way to employ some people and repair the massive rot to our infrastructure that occurred under the Bush years.
if we are going to spend money, this is definitely an area that needs it.
 

randel

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Better to spend money on OUR infrastructure than rebuilding middle east nations that are constantly at war with themselves....
agreed......
 

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if we are going to spend money, this is definitely an area that needs it.
Right, the 800+ billion dollar stimulus plan didn't work so let's do another one? That is another example of a liberal success story?
 

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WHy do you expect the stimulus to work instantly. Its like you think obama is a socialist therefore he has complete command over the economy as a communist dictator and if he cant fix it its because he's inept. Please.
 

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WHy do you expect the stimulus to work instantly. Its like you think obama is a socialist therefore he has complete command over the economy as a communist dictator and if he cant fix it its because he's inept. Please.
Because he was part of the problem and because spending was supposed to keep unemployment from exceeding 8%. He know that stimulus program was a lie but had to be passed without even reading it. The results today are worse than they were when the stimulus passed yet you ignore that. Most of the money has been spent so where are the jobs? Where is the economic growth? where is the reduction in the deficit and debt? Please tell me what economic prediction made by this Administration has been accurate? Now you want another 50 billion spent on a stimulus program where the first one didn't work? You don't see how you are being duped?

Obama has total control of the Govt. thus is acting like a dictator and liberals hold him to the same accountability as people living under a dictatorship, NONE.
 

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Wasn't that where the first stimulus plan was supposed to go? Why aren't you holding Obama responsible for that lie? Now you continue to buy his rhetoric?

Fool me once, shame on you, Fool me twice shame on ME.
His rhetoric is no worse than that coming from the GOP. The main difference between GOP and DEM rhetoric is the target audience. Republicans see more value in destroying the ME than building America...Democrats are the opposite....currently anyway. Historically, both sides have their moments of stupidity...
 

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Because he was part of the problem and because spending was supposed to keep unemployment from exceeding 8%. He know that stimulus program was a lie but had to be passed without even reading it. The results today are worse than they were when the stimulus passed yet you ignore that. Most of the money has been spent so where are the jobs? Where is the economic growth? where is the reduction in the deficit and debt? Please tell me what economic prediction made by this Administration has been accurate? Now you want another 50 billion spent on a stimulus program where the first one didn't work? You don't see how you are being duped?

Obama has total control of the Govt. thus is acting like a dictator and liberals hold him to the same accountability as people living under a dictatorship, NONE.
Total control? The GOP votes according to his dictates? Living in fear, are we?
 

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Because he was part of the problem and because spending was supposed to keep unemployment from exceeding 8%. He know that stimulus program was a lie but had to be passed without even reading it. The results today are worse than they were when the stimulus passed yet you ignore that. Most of the money has been spent so where are the jobs? Where is the economic growth? where is the reduction in the deficit and debt? Please tell me what economic prediction made by this Administration has been accurate? Now you want another 50 billion spent on a stimulus program where the first one didn't work? You don't see how you are being duped?

Obama has total control of the Govt. thus is acting like a dictator and liberals hold him to the same accountability as people living under a dictatorship, NONE.
:roll: Look. Firstly I dont think all the stimulus money has been spent. Possibly allocated, but not spent from what I know. Second. Most economists would tell you the stimulus was too small, so Im not opposed to this plan. Third, without a stimulus wed definitely be worse off. In my simple understanding of economic increasing govt spending during a recession maintains output, preventing a worse outcome. Seriously you ARE blaming Obama in his 2 years for not being able to completely put of a disaster from the previous administration that he's inherited.
 

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His rhetoric is no worse than that coming from the GOP. The main difference between GOP and DEM rhetoric is the target audience. Republicans see more value in destroying the ME than building America...Democrats are the opposite....currently anyway. Historically, both sides have their moments of stupidity...
As I have stated many times I am NOT a Republican and don't disagree with you however it is results that matter not rhetoric. Tell me one economic prediction made by Obama that has been true?

The stupidity is not paying any attention to the Obama resume, hiring him only to find out that resume was accurate, a radical whose vision of American is larger govt. and redistribution of wealth.

Facts seem to trump liberal rhetoric, 16 million unemployed Americans, 3 trillion added to the debt much of which is due to a stimulus plan that was supposed to be for infrastructure spending and worked so well that we now need to spend more. Keep buying the lies, liberals.
 

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you know that 3 trillion we spent on a war with the wrong country could have been really useful right about know though. You conservatives are right though, a 800 billion dollar stimulus package is far worse then spending 3 trillion dollars on a war with the wrong country while killing thousands and thousands and also losing thousands of are own troops.
 

pragmatic

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A good way to employ some people and repair the massive rot to our infrastructure that occurred under the Bush years.
Curious. Which particular massive infrastructure rot is Bush responsible for....??



.
 

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:roll: Look. Firstly I dont think all the stimulus money has been spent. Possibly allocated, but not spent from what I know. Second. Most economists would tell you the stimulus was too small, so Im not opposed to this plan. Third, without a stimulus wed definitely be worse off. In my simple understanding of economic increasing govt spending during a recession maintains output, preventing a worse outcome. Seriously you ARE blaming Obama in his 2 years for not being able to completely put of a disaster from the previous administration that he's inherited.
How do you prove we would have been worse off? You are sounding like the empty suit in the WH who diverts from his own failures. What was the rhetoric leading up to the passing of the first stimulus package? It had to be passed immediately, it was for shovel ready projects, it would keep unemployment from exceeding 8%. Those were wrong and now you buy this as well as how bad things COULD HAVE BEEN?

I keep hearing about that Bush disaster yet not a word about what the Democrats did to prevent it. They controlled the Congress from 2007 on and Congress is where the legislation begins and has to be approved. Interesting how all this was Bush's fault yet Obama with a Democrat controlled Congress passing immediately anything he wanted now needs more time to help clean up the mess he claims Bush created? You don't see how foolish that argument is?
 
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