Barack Obama Stimulus Plan Focuses On Infrastructure
The new stimulus package being unveiled by President-elect Barack Obama focuses on heavy spending on the nation's infrastructure to promote growth. The plan is to build more schools and highways. The spending is said to have the potential to create 3 million new jobs, 80% of them in the private sector.
Of course that also means the creation of 600,000 new government jobs. The private sector job creation involves more pork than a day at the pig farm.
"It will be a two-year, nationwide effort to jump-start job creation," Obama said when he first announced the the plan. "We'll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels."
And in order to accomplish these lofty goals, we'll go even further into debt than we already are as a nation. Once again, we'll borrow money from the future to "stimulate" the economy right now. After all, the "American Dream" depends on it.
"[If we don't act] swiftly and boldly, we could see a much deeper economic downturn that could lead to double-digit unemployment and the American dream slipping further and further out of reach," said Obama.
What exact America Dream Obama is referring to remains a matter of interpretation. Apparently Americans now dream of slavishly repaying debts for the rest of their lives, all for the purpose of trying to juice "the growth."
We've reached a point in American politics where saving face means more to the politicians than ever before. And there are very few believers in free market economics still alive in Washington. What will these 600,000 new government workers do? And who will appoint them? It's safe to say that the awarding of construction projects will be a matter of who has the best political connections.
And if wind farms and solar panels were such a great investment, wouldn't someone in the private sector be working on it? All of us must instinctively know that politicians aren't better suited to run businesses than business people are. If our best business leaders have failed us, then it's unrealistic to think that politicians can do much better.
The Obama era is off to a rocky start. Facing major problems with the economy, they're opting for political pandering, pork construction, and deficit spending to restore the "American Dream."
With the nationalization of the auto industry and the banking sector nearly complete, we're faced with the largest government in the history of mankind. Not only is the government huge, but it has its' tentacles in all the major profit producing centers of our economy.
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