Since the passage of the economic stimulus package in mid-February, the Obama Department of Transportation has approved 2,500 highway projects. The movement of stimulus money out the door has been as swift as it has been effective: $9.3 billion has been spent in all 50 states. Touting its impact, DOT officials say 260,000 jobs are expected from this investment. And with competition for contracts fierce, the department is set to approve even more projects than previously envisioned. "There will be more money for additional transportation projects," said the official.
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.
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...
Really? 3 trillion? why does the CBO disagree with you? You continue to buy what you are sold by leftwing sites that just make you look foolish.
I think it's just a testament of just how much work our infrastructure system needs. A lot of the stimulus money went to building roads and such, their is just so much work to be done though that more is needed.
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.
how much has it cost us then? the $60 billion George W. told us it would back in 2003????
how much has it cost us then? the $60 billion George W. told us it would back in 2003????
If you want to take the CBO's estimate then fine but they don't factor in absolutely every expense incurred due to the war. Joseph E. Stiglitz, Nobel prize winning economist, has put the long term price tag of this war at 4 trillion.
Regardless though, you want to go CBO then still then go by them. Bush told us in 2003 it would cost only 50-60 billion and now the CBO says we are at 700 billion (and projecting total cost of 2 trillion) and Nobel prize winning economist believe complete total cost is around 3-4 trillion!
I only mentioned this because I see all these conservatives bitching about the 800 billion dollar stimulus plan but tend to completely throw the Iraq war under the rug.
If you want to take the CBO's estimate then fine but they don't factor in absolutely every expense incurred due to the war. Joseph E. Stiglitz, Nobel prize winning economist, has put the long term price tag of this war at 4 trillion.
Regardless though, you want to go CBO then still then go by them. Bush told us in 2003 it would cost only 50-60 billion and now the CBO says we are at 700 billion (and projecting total cost of 2 trillion) and Nobel prize winning economist believe complete total cost is around 3-4 trillion!
I only mentioned this because I see all these conservatives bitching about the 800 billion dollar stimulus plan but tend to completely throw the Iraq war under the rug.
If you want to take the CBO's estimate then fine but they don't factor in absolutely every expense incurred due to the war. Joseph E. Stiglitz, Nobel prize winning economist, has put the long term price tag of this war at 4 trillion.
Regardless though, you want to go CBO then still then go by them. Bush told us in 2003 it would cost only 50-60 billion and now the CBO says we are at 700 billion (and projecting total cost of 2 trillion) and Nobel prize winning economist believe complete total cost is around 3-4 trillion!
I only mentioned this because I see all these conservatives bitching about the 800 billion dollar stimulus plan but tend to completely throw the Iraq war under the rug.
Curious. Which particular massive infrastructure rot is Bush responsible for....??
Well, I wouldn't get to heated over your Nobel Economist there. No surprize that he is a far lefty, that coupled with the UN laid out their economic plan for globalization. Yeah.....So...It's probably a safe bet to say that he is rather against the Iraq War to start with and his numbers and conclusions reflect that through inflation of costs.
j-mac
A good way to employ some people and repair the massive rot to our infrastructure that occurred under the Bush years.
Federal spending on the war effort and public works is what got us out of the Great Depression.
It's called jobs people. When people have money, they spend it and the entire economy rebounds.
Federal cuts to infrastructure maintenance in his time were responsible for its deterioration going from acceptable grades to Cs Ds and Fs by a ratings bureau or engineers from here or there.
Kay Bailey Hutchison on “Meet The Press”: US Infrastructure Improved Under Bush | Firedoglake
I dont quite know how to research to find the facts but it was featured on NPR several times (which I used to listen to daily) where I heard it during the Bush years. The above site features some links.
: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.
I could swear he's only been in office since January 2009.
Yeah, based upon the poor results I would have thought much, much longer, only 3 trillion added to the debt and 16 million unemployed. I can see why many think it has been much longer.
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