What about all the other jobs and businesses that Obama and the Democrats are actively destroying?
WASHINGTON — Appealing to a union crowd on Labor Day, President Obama on Monday is calling for a $50 billion investment in long-term infrastructure projects that the administration claims will stimulate the flailing economy, create jobs and refill the exhausted highway trust fund.
Though the infrastructure package is aimed at the next six years, the investment of $50 billion is intended to be a “front-loaded” expansion of the $814 billion stimulus package that emphasized shovel-ready projects.
“The plan builds upon the infrastructure investments the president has already made through the Recovery Act, includes principles the president put forth during the campaign and emphasizes American competitiveness and innovation,” reads a statement from the White House press office.
How, exactly, is taking money from us, sending it to the heavy construction industry, to build a road going to ‘stimulate’ the economy?
Well Steve to answer to your question is it is not going to stimulate the economy. Whenever the government pulls capital from the private sector and redistributes it to another sector there is always a cost associated with it. That cost is usually loss of long term non-shovel ready jobs that do not rely on government funding for their existence.
Great post.
Thanks. The whole idea that this effort is going to ‘stimulate’ the economy is absurd.
Ah, I see. More make work jobs that will disappear when the project is done. That’ll fix the economy!
Forgot two things:
1. Make work jobs didn’t work when FDR did it. It won’t work now.
2. Nice new look! I like the Shelby Mustang in the banner!
1. Exactly.
2. Thanks! I migrated to a new theme and made a new banner- It’s more of a ‘fall’ color, and there is a new Shelby Mustang running around town. It is one cool car.
Well, except in Michigan. The roads here in Michigan, make roads in Eastern Europe look state of the art and will take decades to fix.