Here we go again

iVillage Member
Registered: 07-15-2010
Here we go again
15
Mon, 09-06-2010 - 7:14pm

Will we be fooled?

http://www.cnn.com/2010/POLITICS/09/06/economy.obama.democrats/?hpt=T2

How is it that President Obama does not understand you can't grow an economy by increasing government spending. Or does he and he just thinks the people don't get that?

Increasing government spending isn't creating any real growth. It's like trying to make a profit by shopping in your own store with you as the only customer. The customers have to be real ones. And you have to be selling a product that people freely want to spend their money on.

>>Luck is what you call it when preparation meets opportunity<<

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iVillage Member
Registered: 01-22-2000
In reply to: gripcon
Mon, 09-06-2010 - 9:06pm

Well, I think it might do well for that one company...you know the one....Every road project that I pass bears a sign telling me about how this is another project brought to us by Obama...paid for in his massive stimulus....err, Recovery Act. Maybe that company will get the contract for the new signs....


eta, this one...



Sonny




Edited 9/6/2010 9:36 pm ET by cshell63
iVillage Member
Registered: 01-21-2006
In reply to: gripcon
Mon, 09-06-2010 - 9:08pm

Didn't Albert Einstein define insanity as doing the same thing over and over again and expecting different results?


shell...the girl.....


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iVillage Member
Registered: 09-01-2010
In reply to: gripcon
Mon, 09-06-2010 - 9:09pm

I think he's trying to repair/replace infrastructure while simultaneously employing people.

~Opal~    
iVillage Member
Registered: 09-08-2006
In reply to: gripcon
Mon, 09-06-2010 - 9:38pm


<>

Only if Obama listens to Bernanke's monetary policies. Sadly, I think that is where he has gone wrong.

"Missing from Obama's speech was any mention of Bernanke's economic ideology. The New York Times and Bloomberg News have called him a strict Keynesian—a liberal fan of fiscal stimulus—and that label has stuck.

In reality, Bernanke is following the monetarist depression-prevention model hatched by Nobel laureate and libertarian patron saint Milton Friedman. Bernanke has repeatedly invoked the late libertarian economist in support of lowering interest rates to zero, bailing out banks, and pumping untold trillions of dollars into the financial system. The implicit goal of these policies is to ignite artificial inflation." http://reason.com/archives/2009/09/01/friedman-economics

 

iVillage Member
Registered: 04-09-2006
In reply to: gripcon
Tue, 09-07-2010 - 11:22am

...I hope none of that spending goes to revive "La Entrada del Pacifico"...GWB's road through our region to the port of Topolobampo...4000-6000 trucks per day through Presidio, TX, when there's a perfectly good train track...much less invasive, less environmentally damaging, and less chance of mainlining Mexico's drug wars right to the heart of commerce in the US...

Deborah

p.s. That sign reminds me of those stupid signs on the Maine Turnpike as it was being changed from 2 lanes in each direction to three to handle the weekend traffic jams at the border of New Hampshire: "The Widening". "La Entrada" has signs too. I think they're a means of selling something that locals don't want or need, but someone somewhere has a lot of money or power to make from it.

iVillage Member
Registered: 09-01-2010
In reply to: gripcon
Tue, 09-07-2010 - 12:05pm
We have those signs in Maryland. They get moved from road worksite to road worksite. We're not complaining though. Some of our roads were getting cracked and getting potholes which would then cause problems for the cars traveling over them. Some potholes were pretty big and could damage a car or at least cause people to need "front end alignments". I, for one, am glad that some of our roads are repaired and don't give a hoot whether the money comes from the federal or local government. Plus, my son is a lowly worker and has been working on projects in our local schools that are funded by the ARRA. His employment means something to him and me. So, while detractors are welcome to complain all they like, my family is seeing benefits in both better roads and in having employment.
~Opal~
~Opal~    
iVillage Member
Registered: 04-09-2007
In reply to: gripcon
Tue, 09-07-2010 - 12:10pm

Hopefully a HUGE portion would go to double-tracking rail throughout this country.

iVillage Member
Registered: 09-01-2010
In reply to: gripcon
Tue, 09-07-2010 - 12:36pm

Some is unspent but is allocated for continued payments for projects already underway. So, we could stop (for example) and break the contract (for example) the finishing of a highway exit, but then we've just wasted the money that was already spent on however far into the project we are. Now, for all those states that got stimulus dollars which they're holding onto so that they can show their citizens that they're good at balancing the budget, I think those funds should be rescinded unless directly spent or allocated as was intended. The federal government should crack down on that and demand repayment or action. Stockpiling money in the state's general funds defeats the purpose of a stimulus.

~Opal~
~Opal~    
iVillage Member
Registered: 04-09-2007
In reply to: gripcon
Tue, 09-07-2010 - 12:48pm

So, I went to Recovery.gov and saw that there is some unspent.

iVillage Member
Registered: 03-30-2007
In reply to: gripcon
Tue, 09-07-2010 - 1:26pm

It's so much easier to complain if people are "sitting on their behinds, collecting unemployment" then it is to actually help people to get jobs, keep them and start new jobs. If others can pay taxes then who will be left to complain about.

I know here they put in desperately needed sidewalks. When I walk to the store there are no sidewalks. There is only about 6 inches between the road and a gully that drops straight down.

We need jobs here. It will help everyone.

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