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Posted: 9/6/2010 6:03:01 AM EDT
WASHINGTON (AP) - 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.

Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects.

Administration officials wouldn't say what the total cost of the infrastructure investments would be, but did say the initial $50 billion represents a significant percentage. Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.

Obama made infrastructure investments a central part of the $814 billion stimulus Congress passed last year, but with that spending winding down, the economy's growth has slowed. Officials said this infrastructure package differs from the stimulus because it's aimed at long-term growth, while still focusing on creating jobs in the short-term.

In a Labor Day interview on CBS'"Early Show," Labor Secretary Hilda Solis said the plan Obama was to unveil Monday would "put construction workers, welders, electricians back to work ... folks that have been unemployed for a long time."

With the unemployment rate ticking up to 9.6 percent, and polls showing the midterm elections could be dismal for Democrats, the president has promised to unveil a series of new measures on the economy.

In addition to Monday's announcement in Milwaukee, Obama will travel to Cleveland Wednesday to pitch a $100 billion proposal to increase and make permanent research and development tax credits for businesses, a White House official said.

While the idea is popular in Congress, coming up with offsetting tax increases or spending cuts has been a stumbling block. Similar to his proposal to pay for the infrastructure investments, Obama will ask lawmakers to close tax breaks for oil and gas companies and multinational corporations to pay for the plan.

Other stimulus measures the administration is considering include extending a law passed in March that exempts companies that hire unemployed workers from paying Social Security taxes on those workers through December. Sen. Chuck Schumer, D-N.Y., has proposed extending the exemption an additional six months.

Obama is also continuing to prod the Senate to pass the small business bill that calls for about $12 billion in tax breaks and a $30 billion fund to help unfreeze lending. Republicans have likened the bill to the unpopular bailout of the financial industry. And the president wants to make permanent the portion of George W. Bush's tax cuts affecting the middle class.

Wary of the public's concern over rising deficits, the administration insists a second stimulus plan, similar to last year's $814 billion bill, is not in the works.
Link Posted: 9/6/2010 6:03:33 AM EDT
SPAWN MORE CASH
Link Posted: 9/6/2010 6:17:08 AM EDT
First the auto unions, now the construction unions. He just doesn't get it, government doesn't make prosperity. The private sector does. unions don't make prosperity. Corporations do.
Link Posted: 9/6/2010 6:17:39 AM EDT
THEFT.
Link Posted: 9/6/2010 6:19:09 AM EDT
Link Posted: 9/6/2010 6:36:29 AM EDT
Originally Posted By Old_Painless:
Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.


And there's one of the real main reasons for this idiocy.

He hates oil companies and wants to destroy them, and thereby force us to drive electric cars powered by rainbows and unicorn farts.

I just hope we can elect a better President before the country is completely lost.





Idiot does not seem to understand that if you raise the price of energy, you send the economy in the shitter.

Link Posted: 9/6/2010 6:38:11 AM EDT
At least that dummy Sarah Palin isn't Vice President.
Link Posted: 9/6/2010 6:41:54 AM EDT
[Last Edit: 9/6/2010 6:42:21 AM EDT by DragoMuseveni]
The infrastructure of the US does need to be rebuilt and that is what all that stimulus money should have been spent on 2 years ago but NO they had to cater to special interest groups that did NOTHING to fix the economy. Now we don't have the money to fix our infrastructure, so let the roads crumble, bridges fall out of the sky and untreated sewage flow in the streets.

Link Posted: 9/6/2010 6:45:03 AM EDT
Link Posted: 9/6/2010 6:47:02 AM EDT
Originally Posted By DragoMuseveni:
The infrastructure of the US does need to be rebuilt and that is what all that stimulus money should have been spent on 2 years ago but NO they had to cater to special interest groups that did NOTHING to fix the economy. Now we don't have the money to fix our infrastructure, so let the roads crumble, bridges fall out of the sky and untreated sewage flow in the streets.



Yep, much more important to make sure no union fucksticks get laid off.
Link Posted: 9/6/2010 6:49:54 AM EDT
Originally Posted By pv74:
Originally Posted By Old_Painless:
Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.


And there's one of the real main reasons for this idiocy.

He hates oil companies and wants to destroy them, and thereby force us to drive electric cars powered by rainbows and unicorn farts.

I just hope we can elect a better President before the country is completely lost.





Idiot does not seem to understand that if you raise the price of energy, you send the economy in the shitter.



Not his concern, he knows it, doesn't care, it's his plan after all. He hates this country with a passion. From his living in a Muslim country for his formative years, his commie mother, socialist grandparents, racist, anti-American pastor, anti-American inspiration, anti-American college room mate, anti-American cronies, anti-American advisors, and zombie followers why oh why would anyone expect anything else from him?
Link Posted: 9/6/2010 6:50:24 AM EDT
Originally Posted By raven:
At least that dummy Sarah Palin isn't Vice President.


At least make somewhat of an attempt to stay on topic!!
Link Posted: 9/6/2010 6:50:58 AM EDT
more money for UNION only companies....funny how that works... (buying votes)
Link Posted: 9/6/2010 6:52:40 AM EDT
Infrastructure, while important, does not sustain jobs. Once the road, railway or runway is built, they're done for 50+ years. Once built, they won't spawn new roads, runways or railways. The only way to create job growth is to stimulate those areas where the growth and continue after unkle sugar cuts off the taps. Same thing with tax "holidays". If I'm a small business and I know I'm getting 15-30 days of tax breaks, I'm not going to hire new employees because I know the holiday will end and it'll end up costing me more afterwards. Instead, I'm going to either pocket the cash to rebuild my reserves or maybe reinvest in durable goods like equipment.

If it wasn't for the seriousness of the moment, its actually quite amusing to watch the short sightedness of these people.
Link Posted: 9/6/2010 6:52:58 AM EDT
It should be paid for with tax revenue
Link Posted: 9/6/2010 6:58:19 AM EDT
[Last Edit: 9/6/2010 6:59:34 AM EDT by TUMOR]
Originally Posted By raven:
At least that dummy Sarah Palin isn't Vice President.


Well Barak...........you changed your screen name!

We let ourselves get into this mess thru LBJ's Great Society............when you fund the losers you get more losers!
Link Posted: 9/6/2010 6:58:20 AM EDT
Originally Posted By WildApple:
It should be paid for with tax revenue


What tax revenue? We're deficit spending so there is no money to begin with.
Link Posted: 9/6/2010 7:25:19 AM EDT
Link Posted: 9/6/2010 7:27:24 AM EDT
Like FDR, Obama plans to spend his way out of this depression recession.
Link Posted: 9/6/2010 7:32:51 AM EDT
Sounds like the same "shovel ready" shit he spewed last year that went exactly no-damn-where.
Link Posted: 9/6/2010 7:33:32 AM EDT
Originally Posted By Chaingun:
Like FDR, Obama plans to spend his way out of this depression recession.


Like FDR, Obama plans to spend his way INTO a depression.

FIFY.
Link Posted: 9/6/2010 7:35:26 AM EDT

Originally Posted By pv74:
Originally Posted By Old_Painless:
Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.


And there's one of the real main reasons for this idiocy.

He hates oil companies and wants to destroy them, and thereby force us to drive electric cars powered by rainbows and unicorn farts.

I just hope we can elect a better President before the country is completely lost.





Idiot does not seem to understand that if you raise the price of energy, you send the economy in the shitter.


I still can't believe that people don't see that this is his plan all along.
Link Posted: 9/6/2010 7:36:40 AM EDT
A list of things more important to fix right now than our infrastructure:

1. Everything
Link Posted: 9/6/2010 7:40:33 AM EDT
Obama is right on schedule in his Ideological Progressive Plan to destroy the USA, and rebuild it into a Socialist Utopia.
Link Posted: 9/6/2010 7:44:40 AM EDT
This will never stop.. nothing has changed so he'll spend more money, then later on down the road the economy stalls... spend more... You would think someone that was as smart as he is suppose to be would learn a lesson by now. Or at least take a step back and see its not working
Link Posted: 9/6/2010 7:48:23 AM EDT
"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."

More smoke and mirrors. The cost of this would exceed $2 trillion. Just print more money that will be impossible for our children and grandchildren to pay back.
Link Posted: 9/6/2010 7:55:03 AM EDT
Originally Posted By Bobby_the_Hun:
Obama is right on schedule in his Ideological Progressive Plan to destroy the USA, and rebuild it into a Socialist Utopia.


...........the Socialist Utopia.........JUST before it crashed.
Link Posted: 9/6/2010 7:57:27 AM EDT
Originally Posted By DragoMuseveni:
The infrastructure of the US does need to be rebuilt and that is what all that stimulus money should have been spent on 2 years ago but NO they had to cater to special interest groups that did NOTHING to fix the economy.


They did all sorts of road/bridge projects here with "stimulus money". Temporary, unskilled work...not going to do a whole lot of good for the millions of white collar professionals who had their jobs disappear, never to return.
Link Posted: 9/6/2010 8:01:52 AM EDT
Link Posted: 9/6/2010 8:02:39 AM EDT
Originally Posted By Old_Painless:
Officials said the White House would consider closing a number of special tax breaks for oil and gas companies to pay for the proposal.


And there's one of the real main reasons for this idiocy.

He hates oil companies and wants to destroy them, and thereby force us to drive electric cars powered by rainbows and unicorn farts.

I just hope we can elect a better President before the country is completely lost.





He also said he would bankrupt the coal industry.
Bankrupting the industry that provides of half of our energy needs will bankrupt the middle class.
The Canadian Co. I work for is receiving grants from their government to develop and build a proto-type carbon capture coal plant. It will be on line in April, 2011.
Meanwhile, their coal plant here in the US is doomed. The Eco-Freaks currently have laws on the books now that will force it to close in 2025, if not sooner.

Link Posted: 9/6/2010 8:04:46 AM EDT
The fix is in, yet again! payoff for his election and I sure as fuck, hope the next congress investigates the fuck out of Obamas relationship with the Unions, this is beyond absurd as far as special interest group payoff(s) is concerned.



FUCK OBAMA AND FUCK THE UNIONS THAT SUPPORTED HIS SOCIALIST, ANTI AMERICAN FUCKED UP AGENDA
Link Posted: 9/6/2010 10:21:47 AM EDT
Originally Posted By raven:
At least that dummy Sarah Palin isn't Vice President.


Hell yeah. Democrats and Republicans are just the same thing!!!!
Link Posted: 9/6/2010 10:25:47 AM EDT
Keep digging you mongrel POS. November is near (of course, we'll just get a bunch of RINOs again, but they will be an improvement).
Link Posted: 9/6/2010 11:17:34 AM EDT
Originally Posted By AlvinYork:
First the auto unions, now the construction unions. He just doesn't get it, government doesn't make prosperity. The private sector does. unions don't make prosperity. Corporations do.


And who do you think gets those contracts...the unions?

Halliburton builds roads, bridges and airports.

You need to quit listening to that fkn idiot entertainer, Limpjaw
Link Posted: 9/6/2010 11:20:27 AM EDT
Originally Posted By dispatch55126:
Infrastructure, while important, does not sustain jobs. Once the road, railway or runway is built, they're done for 50+ years. Once built, they won't spawn new roads, runways or railways. The only way to create job growth is to stimulate those areas where the growth and continue after unkle sugar cuts off the taps. Same thing with tax "holidays". If I'm a small business and I know I'm getting 15-30 days of tax breaks, I'm not going to hire new employees because I know the holiday will end and it'll end up costing me more afterwards. Instead, I'm going to either pocket the cash to rebuild my reserves or maybe reinvest in durable goods like equipment.

If it wasn't for the seriousness of the moment, its actually quite amusing to watch the short sightedness of these people.


So we shouldn't spend any money on infrastructure, just let the shit go until when?
Link Posted: 9/6/2010 11:21:05 AM EDT

Originally Posted By ORIGINAL-Waterdog:
Originally Posted By AlvinYork:
First the auto unions, now the construction unions. He just doesn't get it, government doesn't make prosperity. The private sector does. unions don't make prosperity. Corporations do.


And who do you think gets those contracts...the unions?

Halliburton builds roads, bridges and airports.

You need to quit listening to that fkn idiot entertainer, Limpjaw
none of which really require "skilled" labor.
Link Posted: 9/6/2010 11:27:32 AM EDT
Originally Posted By evo462:
Originally Posted By DragoMuseveni:
The infrastructure of the US does need to be rebuilt and that is what all that stimulus money should have been spent on 2 years ago but NO they had to cater to special interest groups that did NOTHING to fix the economy.


They did all sorts of road/bridge projects here with "stimulus money". Temporary, unskilled work...not going to do a whole lot of good for the millions of white collar professionals who had their jobs disappear, never to return.


If their jobs disappeared, the system obviously didn't need them that much.

White collar workers got on the bubble, the bubble burst, and now all they do is whine
Link Posted: 9/6/2010 11:30:19 AM EDT
Originally Posted By Cypher15:

Originally Posted By ORIGINAL-Waterdog:
Originally Posted By AlvinYork:
First the auto unions, now the construction unions. He just doesn't get it, government doesn't make prosperity. The private sector does. unions don't make prosperity. Corporations do.


And who do you think gets those contracts...the unions?

Halliburton builds roads, bridges and airports.

You need to quit listening to that fkn idiot entertainer, Limpjaw
none of which really require "skilled" labor.


Another ignorance based opinion.

Link Posted: 9/6/2010 11:33:12 AM EDT
[Last Edit: 9/6/2010 11:35:22 AM EDT by Dave_A]
It's not a conspiracy, it's Keynsian economics.

The Dems believe that the only way to stop a recession is to spend money, and that if the recession isn't stopping, they aren't spending enough....

They 'base' this on FDR, but ignore the whole 'world war 2' thing, in terms of that era....

The fact that govt debt has almost no effect on the private sector, is seen as a plus to them... Ignoring that their spending also has the same lack of effect...
Link Posted: 9/6/2010 11:33:19 AM EDT
i see the spending of this 'infrastructure' money around where i live. i know at least one guy who runs a company that is involved, resurfacing/repaving roads.

everyone is starving, so all the road builders bid cutthroat. they end up loosing a bit or breaking even. the money employs (at least around here) illegals. or at least they appear to be illegals. they dont speak english and they look more like guatamalans or incas that mexicans. they spend their hard earned pesos on lotto tickets, beer and tacos.

i frankly dont see how that stimulates anything other than pessimism. so i hope the slacker-in-chief keeps up the effort until he's booted from office.
Link Posted: 9/6/2010 11:44:46 AM EDT
If these projects are anything like the ones in my town , they'll be repaving roads that were just done by the state a year or two ago.

It's pointless, utterly pointless, they're spending money on make-work that has no purpose.
Link Posted: 9/6/2010 11:50:38 AM EDT
His one term can't end soon enough.

Posted Via AR15.Com Mobile
Link Posted: 9/6/2010 11:51:46 AM EDT
He knows that this is the only way to keep unemployment down is to keep throwing money into projects, he can stop once he wins the 2012 election.
Link Posted: 9/6/2010 11:57:35 AM EDT
866 more days.
Link Posted: 9/6/2010 11:59:45 AM EDT
Link Posted: 9/6/2010 12:05:19 PM EDT
Originally Posted By ORIGINAL-Waterdog:
Originally Posted By dispatch55126:
Infrastructure, while important, does not sustain jobs. Once the road, railway or runway is built, they're done for 50+ years. Once built, they won't spawn new roads, runways or railways. The only way to create job growth is to stimulate those areas where the growth and continue after unkle sugar cuts off the taps. Same thing with tax "holidays". If I'm a small business and I know I'm getting 15-30 days of tax breaks, I'm not going to hire new employees because I know the holiday will end and it'll end up costing me more afterwards. Instead, I'm going to either pocket the cash to rebuild my reserves or maybe reinvest in durable goods like equipment.

If it wasn't for the seriousness of the moment, its actually quite amusing to watch the short sightedness of these people.


So we shouldn't spend any money on infrastructure, just let the shit go until when?


Never let a disaster go to waste.

Infrastructure is failing and no one is denying that. However, which is more important, a shiny new road or getting someone a job and off welfare? The way in which he's prioritizing shows a complete lack of management skills. Get the economy going again, get people paying tax receipts then start working on infrastructure. As I said before, doing this and a "tax holiday" won't solve anything since there is a finite end. Instead, work on ways that'll self-sustain themselves once the federal money ends. Unless, they put toll booths on every one of these projects, they won't help in the long term.
Link Posted: 9/6/2010 12:16:50 PM EDT
Originally Posted By MajorStumpDemon:
i see the spending of this 'infrastructure' money around where i live. i know at least one guy who runs a company that is involved, resurfacing/repaving roads.

everyone is starving, so all the road builders bid cutthroat. they end up loosing a bit or breaking even. the money employs (at least around here) illegals. or at least they appear to be illegals. they dont speak english and they look more like guatamalans or incas that mexicans. they spend their hard earned pesos on lotto tickets, beer and tacos.

i frankly dont see how that stimulates anything other than pessimism. so i hope the slacker-in-chief keeps up the effort until he's booted from office.


Same here, all construction workers (even on city jobs) seem to speak spanish. Wonder why??

Repeal Davis-Bacon Act (payoff to the unions) and make sure e-verify is used on any govt contract. Better yet, stop spending my tax money or borrowing it dipshits.
Link Posted: 9/6/2010 12:28:20 PM EDT
What union do we have to join to get our share of this $50 billion boondoggle?
Link Posted: 9/6/2010 12:41:44 PM EDT
Originally Posted By Hedonist:
866 more days.




We'll never make it.
Link Posted: 9/6/2010 12:43:17 PM EDT

Originally Posted By MaddMan:
He knows that this is the only way to keep unemployment down is to keep throwing money into projects, he can stop once he wins the 2012 election.

The projects have had no real impact on unemployment...


Link Posted: 9/6/2010 12:44:52 PM EDT
Originally Posted By SCOOBYDOO:
Originally Posted By raven:
At least that dummy Sarah Palin isn't Vice President.


At least make somewhat of an attempt to stay on topic!!


Exactly what I was thinking.
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