Straight from the South Seas

Straight from the South Seas
Retired Expat living the Philippines

Augustus Summerfield Merrimon

This Blog is dedicated to my great-great-grand uncle who was a Democratic US Senator from the state of North Carolina between 1873 and 1879.

Tuesday, September 7, 2010

Another New Obama Stimulus Plan

Seeking to boost the sluggish economy, President Barack Obama used a Labor Day appearance in Milwaukee to announce he will ask his pals in Congress for another $50 billion to kick off a new infrastructure plan designed to expand and renew the nation’s roads, railways and runways. Using tough tones, he assailed Republicans as the party of “No, we can’t” – a play off his campaign slogan “Yes we can” and then accused his critics of talking about him like a “dog.” But he said he’d keep fighting “every single day, every single hour, every single minute” to turn the economy around. But those same Republicans said they had no interest in Obama’s new plan – a sign that it would face an uphill battle in Congress. In his speech to the Milwaukee Area Labor Council, Obama laid out the goals of his new program: Rebuild 150,000 miles of roads; construct and maintain 4,000 miles of rail, enough to go coast to coast; and restore 150 miles of runways, while putting in a next generation air traffic control system to reduce travel time and delays.

Obama and Democrats are under pressure to show voters they are trying to do something about the sluggish economy, with unemployment still hovering around 10 percent. Their options are limited, but some economists have said that another infrastructure plan… along the lines of the first stimulus package of more than $800 billion — would be a way to infuse cash into the economy to stimulate hiring.

Sometimes the most appropriate thing to do is nothing. The system already has better solutions without the Federal big bucks. All the cash and energy will just keep lots of consultants in business and make lots of politicians happy. It is a full employment plan for them and for the guys who make those signs bragging about our stimulus dollars at work. This is the problem with most Obama plans. They sound good until you actually look at the results. Like any good lawyer he is a good talker and he is smart enough to take credit up front - before the results come in. He should stick to talk. That is what he is good at. Maybe life will be better for everybody when he goes back to talking for a living after the 2012 elections.

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