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A Shovel-Empty Waste Of $787 Billion
IBD Editorials ^ | May 18, 2011 | Staff

Posted on 05/18/2011 5:36:23 PM PDT by Kaslin

Infrastructure: On top of the other failures of President Obama's $787 billion stimulus plan you can now add this: It didn't even fulfill the simple promise of creating more highway jobs and improving roadways.

Shortly after getting the gargantuan program through Congress, Obama heralded the stimulus' $28 billion in new highway money, calling it "the largest new investment in America's infrastructure since President Eisenhower built the Interstate Highway System" and promising that it would "help states create a 21st-century infrastructure."

Obama also said that the extra highway money would "create or save" 150,000 jobs by the end of 2010.

Well, the results are in.

A new study by economists Timothy Conley of the University of Western Ontario and Bill Dupor of Ohio State found that despite the influx of all that federal money, highway construction jobs actually plunged by nearly 70,000 between 2008 and 2010.

As the authors explain, many states simply took the free federal money and shifted their own highway funds to meet other needs. In fact, in some states, highway spending dropped, even with the added federal money.

Examples cited in the study:

• Texas got $700 million in highway stimulus funds last year, but spent $560 million less on its roads in 2010 than it did in 2009.

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


TOPICS: Business/Economy; Culture/Society; Editorial; Government
KEYWORDS:

1 posted on 05/18/2011 5:36:25 PM PDT by Kaslin
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To: Kaslin

There isn’t anything the policies of liberals ever improve.

Their world is a fantasy and a wasteland of failure and we all (ok 50% of us) get to pay for their policies.


2 posted on 05/18/2011 5:40:29 PM PDT by A message
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To: Kaslin

How many of you know that the 787 billion stimulus is in Ryans budget and will be in every future budget if not removed.


3 posted on 05/18/2011 5:40:33 PM PDT by org.whodat
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To: Kaslin

We have a shovel-ready project on our southern border. If we’d spent this money on a border fence, it would be paying us back by now.


4 posted on 05/18/2011 5:42:41 PM PDT by umgud
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To: Kaslin

Unexpected.


5 posted on 05/18/2011 5:44:39 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Kaslin

The laborers and the operators unions around here, managed to get themselves an 18% raise in the past 2 years, thanks to the Stimulu$.


6 posted on 05/18/2011 5:50:26 PM PDT by digger48
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To: umgud
We have a shovel-ready project

I recommend a shovel project for everyone.

7 posted on 05/18/2011 5:54:11 PM PDT by kbennkc (For those who have fought for it, freedom has a flavor the protected will never know.)
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To: kbennkc

Don’t forget we’re dealing with knuckleheads here.


8 posted on 05/18/2011 5:58:15 PM PDT by umgud
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To: Kaslin

So the states cheated the federal government. All the states? Regardless of party in control?


9 posted on 05/18/2011 6:02:09 PM PDT by cetarist
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To: kbennkc

I had a shovel, I never want another one.


10 posted on 05/18/2011 6:05:48 PM PDT by Venturer
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To: Kaslin
Eisenhower built the interstate highway system because we needed to be able to land and take-off B-52's and other military transports at any place, at any time on the interstates as part of cold war strategy. He knew the safest place for bombers was away from the airports in the event of a war with the Soviets.

The automobile just enjoyed the byproduct.

11 posted on 05/18/2011 6:06:18 PM PDT by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: Kaslin
They are repaving the four lane road in front of my office. This street was not in that bad condition. There are many streets I travel that are in far worse shape, but all they are doing on these streets is patching potholes. It’s obvious the goal of the Stimulus was to fund union jobs, not invest wisely.
12 posted on 05/18/2011 6:18:37 PM PDT by bwc2221
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To: Kaslin

Can you say “Hello Democrat Slush Fund for 2012’’! Biggest theft of the taxpayers money and no one is saying a peep about it.


13 posted on 05/18/2011 6:53:22 PM PDT by jmacusa (Two wrongs don't make a right. But they can make it interesting.)
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To: jmacusa

I’ll give the Baraqqis credit for that much.
They didn’t waste a crisis.
(of course having 99% complicity with the media makes that a bit easier)


14 posted on 05/18/2011 6:59:12 PM PDT by nascarnation
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To: nascarnation

The real tragedy here is our kids and grandkids are going to be on the hook for this for the rest of their lives. We have done the patriots who gave their lives to make this nation the worst turn any generation of Americans have ever done by allowing this Marxist pop-in-jay the continued gift of breathing, really. This is a very sad time for America.


15 posted on 05/18/2011 7:04:10 PM PDT by jmacusa (Two wrongs don't make a right. But they can make it interesting.)
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To: Kaslin
...many states simply took the free federal money and shifted their own highway funds to meet other needs.

Other needs like teachers' unions.

16 posted on 05/18/2011 7:04:21 PM PDT by seowulf ("If you write a whole line of zeroes, it's still---nothing"...Kira Alexandrovna Argounova)
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To: seowulf

I always make it a point to remind the young Zero voters that they have 787 Billion dollars of debt to be paid back by them. They got what they voted for and it will soon be time to pay up ... unfortunately, I and a lot of other parents and grandparents will not be around to bail them out.


17 posted on 05/18/2011 7:46:40 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: bwc2221

TYPICAL BARRACK HUSSIEN O$$$$$AMA!!!!!!!!!!!!!!

This stuff needs to stop!!!!!!


18 posted on 05/18/2011 7:51:35 PM PDT by LibertyCommander69 (Terrorists!)
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To: org.whodat

I’m not surprised.

Even Ryan’s budget is too little, too late


19 posted on 05/18/2011 8:13:30 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: GeronL; Kaslin; Oldeconomybuyer

20 posted on 05/18/2011 8:17:49 PM PDT by 4Liberty (88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
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