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5 Myths Behind Obama's Infrastructure Spending Push
Investor's Business Daily ^ | 9/15/2011 | John Merline

Posted on 09/15/2011 11:08:07 AM PDT by Slyscribe

Shortly after the $830 billion stimulus bill was enacted in 2009, President Obama boasted that it included the "largest new investment since President Eisenhower built the Interstate Highway System," and said it would "help states create a 21st century infrastructure" and "fuel growth in an industry that's been hard hit."

Now, nearly 2 1/2 years later, Obama wants another $50 billion as part of his American Jobs Act to create jobs and fix "our crumbling infrastructure." But he still seems to buy into several myths about the nation's infrastructure.

(Excerpt) Read more at investors.com ...


TOPICS:
KEYWORDS: infrastructure; jobs; obama; stimulus

1 posted on 09/15/2011 11:08:16 AM PDT by Slyscribe
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To: Slyscribe

Nobody belives Hussein.


2 posted on 09/15/2011 11:22:53 AM PDT by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Slyscribe

Where is the trillion in the baseline budget from last year.


3 posted on 09/15/2011 11:30:58 AM PDT by org.whodat (so Perry's purchase price starts at $5001.00: and $29,000 , was a sell.)
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To: Slyscribe
"largest new investment since President Eisenhower built the Interstate Highway System"

I am amused that Mr. Obama equates the Interstate Highway System with "infrastructure improvement." I was alive when President Eisenhower built the project; it was sold as a defense project, so that tanks and trucks can keep our armies moving well during war on our soil. The citizen benefit was secondary, although a very persuasive secondary purpose.

Can you see Obama pushing any defense project, even if it would help the job situation? I don't think so.

4 posted on 09/15/2011 11:32:48 AM PDT by asinclair (Talk is cheap, actions are priceless)
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To: Slyscribe
"Not only are we spending too little right now, but we're also not spending it wisely," the Brookings Institution's Robert Puentes recently wrote. "The nation lacks a clear-cut vision for transportation, and no way to target spending to make sure all those billions of dollars help achieve our economic and environmental goals."

I don't see why we just don't spend a couple of hundred million on studying the feasibility of HS rail. Then we could spend a couple of hundred mil more for environmental impact studies. Another couple of hundred mil would be allocated to decide all the court cases and finally, a last couple of hundred million to advertise what a great job the government is doing putting all those central planners, regulators, bureaucrats and lawyers to work.

5 posted on 09/15/2011 11:39:33 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms to the most discerning drug lords (202) 456-1414)
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To: asinclair

The roadways of the Intrerstate System were also planned to serve as runways for military aircraft.


6 posted on 09/15/2011 11:44:08 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms to the most discerning drug lords (202) 456-1414)
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To: Slyscribe
"It is crumbling somewhere, but not everywhere," said Samuel Staley, a Reason Foundation transportation expert and associate director at Florida State University's DeVoe Moore Center. "Some states have done really well with their transportation money."

Exactly. The biggest myth about infrastructure spending is that it is spend on "crumbling" roads and bridges. It isn't. There is plenty of money in the current budget to deal with the true problem roads and bridges. And as has been pointed out, adding more money doesn't mean that we have an ability to deal with all the problem roads at once--they aren't "shovel ready."

Rather, the states take the extra money and spend it on useless crap like fancy electronic road-side billboards that say "Don't Drink and Drive", a road sign every five feet and sidewalks in the middle of farm country where no one walks. And they are all installed by connected contractors using overpriced union labor. Its a scam.

7 posted on 09/15/2011 12:07:50 PM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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