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This $500 billion boondoggle will do nothing to create jobs. How much needs to be spent before the majority of sheep learn that the government can only move money around, it cannot make it be productive?
1 posted on 09/19/2011 7:06:59 PM PDT by RobertClark
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To: RobertClark
The $10 billion they are going to fund it with is seed money for a whole new layer of government control over private sector. Aside from being a fertile manure pile of corruption, (think Solyndra times ten) there is no need for a separate bureaucracy just to hand out money. The existing batch of whores and scoundrels does it quite readily without further encouragement.
2 posted on 09/19/2011 7:12:03 PM PDT by hinckley buzzard
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To: RobertClark
Speaking of a disjointed policy the Obamistas/Obots came up with this infrastructure idea and began sticking "high speed rail" in there.

I didn't see a thing about fostering the development of advanced computerized control modules for existing automobiles.

Then, the latest trick is to increase taxes on air travel.

Here's a neat one for Obama to make his program more consistent ~ stick a $1000 per trip tax on each planned high speed rail passenger ~ California by itself ought to be able to pay off the national debt in no time given the number of passengers they propose hauling.

3 posted on 09/19/2011 7:16:43 PM PDT by muawiyah
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To: RobertClark
You cannot grow a national economy by paving roads.

Good roads are nice, sure. But prosperity does not magically occur just because you have roads and bridges.

4 posted on 09/19/2011 7:20:13 PM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: RobertClark

They’ve been cooking this one up for over a year.
Real urgent stuff, don’t ya know.
*****************************

*snip*
WASHINGTON | Tue Sep 21, 2010 3:00pm EDT

“”Creating a national infrastructure bank is an idea whose time has come,” Robert Wolf, chief executive of UBS Americas, told at a Senate Banking Committee hearing called to explore alternatives for financing infrastructure projects.”

*snip*

“Obama envisions creating the bank as part of long-term infrastructure spending legislation expected to take shape in 2011. Presidential advisers have suggested capitalizing the bank at $25 billion.”
http://www.reuters.com/article/2010/09/21/us-usa-infrastructure-bank-idUSTRE68K42V20100921

Robert Wolf:
*snip

The two men first met in December 2006 in the New York office of billionaire investor George Soros. Mr. Wolf was a newcomer to elite Democratic donor circles. Then-Sen. Obama, still months from launching his bid for the White House, was desperate to raise campaign cash on Wall Street.
http://online.wsj.com/article/SB10001424052748703822404575019413702273210.html

*snip*
In addition to his roles at UBS, Robert was appointed as a member of President Obama’s Council on Jobs and Competitiveness and prior to that was on the President’s Economic Recovery Advisory Board chaired by former Federal Reserve Chair Paul Volcker, from 2009-2011.
http://www.ibb.ubs.com/Meet_our_mngmt/robert-wolf.shtml

By the way, are we going to be bailing out UBS?


5 posted on 09/19/2011 7:20:36 PM PDT by Irenic
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To: RobertClark
"It won’t cost the taxpayers any money, she says, because it is a one-time $10 billion funding of this bank which will lend money for projects."

These people are crazy, where does she think that 10B comes from? My tree out front is just tired of getting picked!

6 posted on 09/19/2011 7:21:04 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: RobertClark

Another day, another con.


7 posted on 09/19/2011 7:22:46 PM PDT by Gasshog (going to get what all those libs asked for, but its not what they expected.)
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To: RobertClark; hinckley buzzard; Kaslin; Liz
He's not going to stop trying until he is dragged away in cuffs.

Obama Proposes New Czar

You would think Obama would give up on the failed idea of using a curious collection of White House czars to manage complex economic and regulatory issues. No way.

Instead, in the American Jobs Act, Obama is proposing a new group of czars as a part of his "jobs" act-- the American Infrastructure Financing Authority (AIFA) czars. President Obama’s newest czars will be given the authority to manage over a trillion dollars of federal funding for roads, bridges, buildings, waterways, dams and other infrastructure.

Here we go again. No doubt, Obama hopes that few legislators or American citizens will read the deadly details buried within the 199 pages of his proposed American Jobs Act that will establish this latest czar-ship, nor understand just how expensive AIFA is going to be.

As with Obama’s other czars, the AIFA czar comes with infrastructure requirements of his own: staff, office space and technology needed to perform the job. Managing what is in reality a trillion dollar budget is going to require a huge new staff that will, essentially represent an entire new federal agency. Of course, nowhere does President Obama tell us why a new czar is required to manage infrastructure projects. More importantly, Obama does not explain why the vast federal bureaucracy now responsible for these activities must be bypassed and a new, redundant agency is built.

Make no mistake: the AIFA Czar position is redundant. All of the infrastructure projects and tasks identified to be performed by Obama’s new Czar are already the responsibilities of the Senate-confirmed heads of Department of Transportation, the U.S. General Services Administration and the Department of Energy.

9 posted on 09/19/2011 7:29:36 PM PDT by thouworm (.)
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To: RobertClark
The Kerry-Hutchison Bipartisan Infrastructure Bank also known as the BUILD Act. It won’t cost the taxpayers any money, she says, because it is a one-time $10 billion funding of this bank which will lend money for projects. As she says on her web site:

You damned criminals!
Kerry and Hutchison? Make a note of that.

The freaking "Money Fairy" again!

Where, pray tell, does the "Bipartisan Infrastructure Bank" get the money to lend?

11 posted on 09/19/2011 7:53:30 PM PDT by Publius6961 (My world was lovely, until it was taken over by parasites.)
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To: RobertClark

It’s a slush fund that is to be administered by yet another unelected “Special Adviser to the President” (read: “Czar”) who will deftly bypass the Congress completely (along with any prayer of checks or balances) to award money to unions who will return it to Democrat politicians via their dues which the Union will donate on their behalf.

And those very same Democrats will be running on a deficit cutting platform, and playing hero to the common man.

And there are plenty of RINOs in Congress who think this is a marvelous idea.


14 posted on 09/19/2011 8:53:42 PM PDT by Bean Counter (Obama got mostly Ds and Fs all through college and law school. Keep repeating it.....)
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To: RobertClark

“infrastructure bank” = slush fund.


15 posted on 09/19/2011 8:54:41 PM PDT by the invisib1e hand (...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
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To: RobertClark

In my town, there is a public park with a 4-5 story fire training tower in it.

The first stimulus paid to tear down the perfectly usable tower, and replace it with a nearly exact copy, with possibly a few extra rooms and some kind of shiny siding on the outside. It also has a lovely new cement driveway and big fence around it now.

That’s the sort of “investment” these things pay for.


16 posted on 09/19/2011 9:16:48 PM PDT by PGR88 (I'm so open-minded my brains fell out)
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