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  • Obama Announcement

    Why should I be excited for an announcement of a 50 billion dollar infrastructure program?

    Unless I'm one of the contractors, isn't he basically announcing happily "50 billion dollars more in taxes!"

    Smile everybody and cheer!!!


    J.C.

  • #2
    Re: Obama Announcement

    ...... and bend over hard working americans! for those less hard working.....

    Read his 2 books, this is the real OBAMA.....
    sigpic

    Robert

    Comment


    • #3
      Re: Obama Announcement

      I'm not a fan of the trillion dollar stimulus that for the most part just pays teachers and police officer's salaries. Money spent on infrastructure can certainly have a payback, so I am actually not sure this is just another tax increase like the first one. Having goods move more efficiently can benefit us all, and is a legitimate purpose of government.

      Comment


      • #4
        Re: Obama Announcement

        In my opinion President Obama is not qualified to make economic decisions that could put us into a depression! I consider what the President is suggesting as similar to a person who spends money for corrective orthapedic surgery so they can walk properly, instead of having their life threatening Cancer treated.

        Fixing our infrastructure is a fine idea and necessary "goal", but job one needs to be employing Americans without government funds.

        Back in the days of the Depression public work programs built highways and many other worthwhile projects, while waiting for the USA and world to regroup and move forward. Today, there is no fix in sight, no pot of gold at the end of our current problems. Focusing government efforts and funds on infrastructure without first having a rock solid plan to treat and cure our economic Cancer is a losing gamble.

        What economic experts did the President consult? Why do these experts not come forward and explain their reasoning and face scrutiny? I don't think we can afford to keep making errors. Once again, the clock is ticking.

        Comment


        • #5
          Re: Obama Announcement

          Originally posted by westcoastplumber View Post
          ...... and bend over hard working americans! for those less hard working.....

          Read his 2 books, this is the real OBAMA.....
          The bumper sticker I saw yesterday said...

          "Bend over,here comes your change."

          This of course only applies to those of us working and paying into taxes.
          As well as paying for our own overly inflated insurance to support the other 6-7 out of ten draining what we're putting in.

          Comment


          • #6
            Re: Obama Announcement

            FDR tried public works programs to help with the Great Depression. It made for some good newsreels and made some folks feel better, but had no real effect on the economy.

            Obama's stimuli will do the same - nothing in terms of creating a lasting job growth, but may make some feel that something good is happening.

            The only lasting effect will be the debt. That will be with us for decades.

            Obama has to do something to try to improve his dismal ratings and convince some (those that don't pay close attention, I suspect) that the Demos are doing something good as we head into the midterm elections.

            If the Government was serious about helping, they would be taking steps to make it economically sound for firms to invest in US manufacturing. If the American public was serious about helping, they would make more of an effort to buy American products and/or if they can't afford them, don't buy anything.

            We're being told to spend to stimulate the economy. Nonsense. The US is by far the spendiest economy on earth. A trillion plus in stimulus has had no impact. Interest rates are as low as they are ever going to go. The problem is that every dollar spent goes to 60 cents to China and 40 cents into the pockets of mega corporations. Not one thin dime goes into rebuilding or modernizing US industry. The Wash DC crowd talks about a "jobless recovery". How stupid they must think we are. How can you have a recovery without jobs? The same way you can have an economy when you import everything, I suppose. Or where a board of bankers prints money and charges the banks 0% interest.

            Obama's infrastructure program will put $50 billion into the economy. Unfortunately it's the economy of China, and the economy of the people that benefit from the profits derived from the trade deficit. Not your economy or my economy. A large part of the original trillion dollars was supposed to go to "shovel-ready" infrastructure projects. It mostly got diverted to uses byu the states to support their civil servant empires. But let's say that this package does go to infrastructure. I doubt it, but let's say it does. When the projects are done, the jobs will go away. How's that gonna help? It will make it a lot easier to get Chinese-made goods to WalMart.
            Last edited by Andy_M; 09-06-2010, 10:47 PM.

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            • #7
              Re: Obama Announcement

              Originally posted by Andy_M View Post
              FDR tried public works programs to help with the Great Depression. It made for some good newsreels and made some folks feel better, but had no real effect on the economy.

              Obama's stimuli will do the same - nothing in terms of creating a lasting job growth, but may make some feel that something good is happening.

              The only lasting effect will be the debt. That will be with us for decades.

              Obama has to do something to try to improve his dismal ratings and convince some (those that don't pay close attention, I suspect) that the Demos are doing something good as we head into the midterm elections.

              If the Government was serious about helping, they would be taking steps to make it economically sound for firms to invest in US manufacturing. If the American public was serious about helping, they would make more of an effort to buy American products and/or if they can't afford them, don't buy anything.

              We're being told to spend to stimulate the economy. Nonsense. The US is by far the spendiest economy on earth. A trillion plus in stimulus has had no impact. Interest rates are as low as they are ever going to go. The problem is that every dollar spent goes to 60 cents to China and 40 cents into the pockets of mega corporations. Not one thin dime goes into rebuilding or modernizing US industry. The Wash DC crowd talks about a "jobless recovery". How stupid they must think we are. How can you have a recovery without jobs? The same way you can have an economy when you import everything, I suppose. Or where a board of bankers prints money and charges the banks 0% interest.

              Obama's infrastructure program will put $50 billion into the economy. Unfortunately it's the economy of China, and the economy of the people that benefit from the profits derived from the trade deficit. Not your economy or my economy. A large part of the original trillion dollars was supposed to go to "shovel-ready" infrastructure projects. It mostly got diverted to uses byu the states to support their civil servant empires. But let's say that this package does go to infrastructure. I doubt it, but let's say it does. When the projects are done, the jobs will go away. How's that gonna help? It will make it a lot easier to get Chinese-made goods to WalMart.
              Great post and I agree with everything you wrote. I do have some concerns regarding what would have been different had John McCain won the election, or what will happen when a republican wins the Presidency next election?

              I am afraid that aside from not wasting time and taxpayer money on a hated healthcare bill, not too much would be different under a republican administration. Looking back to when President Bush tried to stand up for the American steel industry, I am reminded how he was forced to back down under threat by the "global" bullies. Can America change course and produce what we need while at the same time reducing imported goods?

              Have we become so weak and china so strong that even if our legislators wake up and join forces it will be too late?

              Comment


              • #8
                Re: Obama Announcement

                Originally posted by JCsPlumbing View Post
                Why should I be excited for an announcement of a 50 billion dollar infrastructure program?

                Unless I'm one of the contractors, isn't he basically announcing happily "50 billion dollars more in taxes!"

                Smile everybody and cheer!!!


                J.C.
                Careful... Nancy Pelosi and the left will call you a racist and fear monger for disagreeing.

                Comment


                • #9
                  Re: Obama Announcement

                  Originally posted by Frankiarmz View Post
                  Great post and I agree with everything you wrote. I do have some concerns regarding what would have been different had John McCain won the election, or what will happen when a republican wins the Presidency next election?

                  I am afraid that aside from not wasting time and taxpayer money on a hated healthcare bill, not too much would be different under a republican administration. Looking back to when President Bush tried to stand up for the American steel industry, I am reminded how he was forced to back down under threat by the "global" bullies. Can America change course and produce what we need while at the same time reducing imported goods?

                  Have we become so weak and china so strong that even if our legislators wake up and join forces it will be too late?
                  Frank, I was not an Obama fan but I voted for him because I felt McCain was quite simply not smart enough to be the US President. His selection of Palin confirmed that to me beyond all doubt.

                  When the banking crisis hit, Obama and McCain both came out in firm support of the TARP program of Paulsen and Bernanke. This tells me that they were both in the pocket of the financial interests. No surprise, really. There is so much money there that the financial people aren't going to risk losing an election... so they buy both candidates, both parties. We've talked about this before. There is no difference between Demos and Repubs other than rhetoric. They do more or less exactly the same things... there are a few different special interst lobbies that are closer to one party than the other but the real lobby - the financial lobby - owns them both.

                  The Federal Government is so reliant on China's purchases of our debt bonds that they absolutely will not risk antagonizing them. When China starts making noise about cutting back on their purchases of US debt instruments, Wash DC panics. The Chinese have done what the Soviets were never able to do... bully the United States and gain the upper hand. And without firing a shot. The Chinese don't need their missiles. We aren't afraid of missiles. We are afraid that they will not give us our "fix" of supporting our debt. The Chinese have skipped the war and gone straight to the pillaging. Brilliant. And they have partners that are running every major US company that outsources manufacturing to China.

                  I believe that we should ALL consider buying US treasury securities. They are a crappy investment, so you can't buy much.... but we as Americans should step up and fund the debt rather than let reliance on foreign investment continue.

                  Government doesn't have the stones to get this done. As usual, it is the middle class that has to step up. Buy American products. Don't buy foreign stuff unless you really need it. Buy US Treasury securities, even a few bucks worth. Write everyone you can think of and tell them that you want the Government to support/foster/promote US manufacturing. Vote out all incumbents, and support recall elections if the replacement politician doesn't do what we need him/her to do. Don't support the major banks - put your money in small local banks and credit unions. The finance industry is not your friend.

                  Finally, support election reform. In CA we have a Governor's race going on where one candidate, Meg Whitman, has already spent well over $100M. Jeez, is it ok to buy an election? That is what often happens, it just isn't as blatant as Whitman. Her competitor, Jerry "Moonbeam" Brown, has spent less than $5M. I think he is a disaster but I cannot support Whitman's overt effort to buy the Governor's office. On top of that I read her plans.... they are just more rhetoric and won't work. We have to stop this election madness, and we have to stop the legalized corruption known as "special interest lobbies". It just doesn't make a lick of sense yet it goes on year after year after year.

                  Comment


                  • #10
                    Re: Obama Announcement

                    Originally posted by cpw View Post
                    I'm not a fan of the trillion dollar stimulus that for the most part just pays teachers and police officer's salaries. Money spent on infrastructure can certainly have a payback, so I am actually not sure this is just another tax increase like the first one. Having goods move more efficiently can benefit us all, and is a legitimate purpose of government.
                    What teachers salaries. Our wages have been the same for three years, no increases for cost of living, zippo. Our district has not seen a cent of that stimulus money. we laid teachers off last year, cut departments have no money for supplies and to top it off we were the only school in the state to make agerage yearly progress and we still got screwed.
                    sigpic

                    Comment


                    • #11
                      Re: Obama Announcement

                      what Obama needs to do is take another vacation. When he's not in the white house, he's not finding ways to spend my money.,
                      sigpic

                      Comment


                      • #12
                        Re: Obama Announcement

                        Originally posted by Andy_M View Post
                        Frank, I was not an Obama fan but I voted for him because I felt McCain was quite simply not smart enough to be the US President. His selection of Palin confirmed that to me beyond all doubt.
                        You do realize that Palin had more executive experience than Obama right? That's not an opinion...it's a fact. Obama had "zero" executive experience and just about a "zero" track record in the senate. This country elected a community organizer, with a socialistic agenda, to lead this country..how smart was that? Say what you want about Palin, you're entitled, but the woman has experience in running government, and that's the point for both sides.

                        You would think a President would be smart enough to say..especially with a Harvard degree, that he visited all 50 states instead of 57. Or can pronounce with word "corpsmen" correctly.

                        If the GOP makes huge gains in Nov. and throws Obama out in 2 years..I think the American people are saying "we made a mistake by electing him".

                        Comment


                        • #13
                          Re: Obama Announcement

                          Originally posted by Flux View Post
                          You do realize that Palin had more executive experience than Obama right? That's not an opinion...it's a fact. Obama had "zero" executive experience and just about a "zero" track record in the senate. This country elected a community organizer, with a socialistic agenda, to lead this country..how smart was that? Say what you want about Palin, you're entitled, but the woman has experience in running government, and that's the point for both sides.

                          You would think a President would be smart enough to say..especially with a Harvard degree, that he visited all 50 states instead of 57. Or can pronounce with word "corpsmen" correctly.

                          If the GOP makes huge gains in Nov. and throws Obama out in 2 years..I think the American people are saying "we made a mistake by electing him".


                          Fess up Flux you want to do her.

                          Comment


                          • #14
                            Re: Obama Announcement

                            Originally posted by JCsPlumbing View Post
                            Why should I be excited for an announcement of a 50 billion dollar infrastructure program?

                            Unless I'm one of the contractors, isn't he basically announcing happily "50 billion dollars more in taxes!"

                            Smile everybody and cheer!!!


                            J.C.
                            Chump change!!! Like one prominent politician once said.

                            "The deficit is big enough to take care of itself"

                            Comment


                            • #15
                              Re: Obama Announcement

                              Originally posted by Flux View Post
                              You do realize that Palin had more executive experience than Obama right? That's not an opinion...it's a fact. Obama had "zero" executive experience and just about a "zero" track record in the senate. This country elected a community organizer, with a socialistic agenda, to lead this country..how smart was that? Say what you want about Palin, you're entitled, but the woman has experience in running government, and that's the point for both sides.

                              You would think a President would be smart enough to say..especially with a Harvard degree, that he visited all 50 states instead of 57. Or can pronounce with word "corpsmen" correctly.

                              If the GOP makes huge gains in Nov. and throws Obama out in 2 years..I think the American people are saying "we made a mistake by electing him".
                              "Executive experience"? Yes, I'm fully aware of Palin's resume. She has a degee in communications, was the mayor of a podunk city in Alaska, and served as Governor for a very short time when she was selected as VP. She was a TV commentator and, oh yeah, won a beauty pageant or two. She bailed on Alaska after just two years, demonstrating her clear resolve to support her state. Clearly she has stars in her eyes.

                              This impresses you? Does any of this in any way shape or form qualify her to hold the nuclear codes? The prospect is terrifying.

                              Obama was also painfully light on experience, but at least he has a strong education and was in the Senate... which is more impressive than Palin's "experience". But let's be clear. The Dems presented two options in the primaries. Clinton, who was expected to carry the female vote by a wide margin, and Obama, who was expected to (and did) carry the black vote.

                              Palin was the Republican's poorly thought-out strategy for appealing to the female segment of voters. IMO, Palin is little more than a cartoon character. Her down home folksy soccer mom approach might be endearing to some, but I have yet to hear Ms. Palin say anything that I think would have any positive impact on the country. The selection of a woman on the ticket was a purely political move to get McCain some special interest (women) votes. Dumb move -- I think Palin cost him far more than the few feminist votes she garnered. Her ultra conservative comments, gun-ownership support etc did little to help... McCain was going to carry those votes, anyway. Even McCain himself was quite disenchanted with Palin starting almost immediately after the convention.

                              Make no mistake about it, both parties understand that garnering special interest votes is the ONLY way to win a national election in this country. The popular vote in Presidential elections generally runs close to 50-50. The deciding factor, normally 5 percentage points give or take, reflects who does a better job of capturing special interest votes. Obama got over 95% of the black voters. Take that away and we would be complaining about President McCain's inaction and failure to solve the job-loss problem.

                              I think Obama is a disaster but no one can seriously believe that the man doesn't understand how many state there are. There are plenty of substantial matters to criticize him on without clinging to a mis-speak. Of course, Palin can see Russia across the water....

                              Yes, America elected a poor president. But McCain would have been a very similar mistake. There is very little difference between the actual behavior of either party on matters of substance (economy). Both are controlled by special interests and neither has any history, over the past 30 years, of promoting maintaining US industrial leadership. Those that are waiting for the Repubs to ride in on a white stallion and rescue the economy are only going to see several more years pass with no positive results before it occurs to them that the Repubs haven't fixed anything, either. After all, the repubs stand staunchly against doing anything to restrict business profits or make it tougher to outsource jobs. They are clear about their opposition to significantly regulating the financial industry. Why would the results be any different than the Dems? Business profits do not translate to American jobs in a world where business can outsource cheaper than it can manufacture at home. Globalization has changed the rules of the game.
                              Last edited by Andy_M; 09-07-2010, 09:40 AM.

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