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Additionally, you may recall that Obama repeatedly proposed those "shovel-ready" jobs for infrastructure....but, was faced with fierce opposition by the do-nothing GOP.
The American Recovery and Reinvestment Act was signed into law by Obama in February of 2009 with a Democratic majority in the House and Senate. They had plenty of time to get those "shovel-ready" jobs implemented and did not need the Republican Party to do so.
The American Recovery and Reinvestment Act was signed into law by Obama in February of 2009 with a Democratic majority in the House and Senate. They had plenty of time to get those "shovel-ready" jobs implemented and did not need the Republican Party to do so.
I am NOT excusing Obama.....but here is some dose of reality.....
Back in 2009, former President Barack Obama made some lofty promises about the infrastructure overhaul that his $800 billion economic stimulus plan would provide. Obama used the phrase “shovel-ready projects” in reference to construction projects that could begin right away.
In the end, however, only $98.3 billion of the $800 billion stimulus was dedicated to transportation and infrastructure. Of that $98.3 billion, only about $27.5 billion was actually spent on transportation infrastructure projects. Why?
“The problem is that spending it out takes a long time, because there’s really nothing – there’s no such thing as shovel-ready projects,” Obama said in a 2010 interview with the New York Times.
When it comes to economic stimulus, local governments may take years to begin actual construction even once they receive funding. The reason why such a small portion of the American Recovery and Reinvestment Act of 2009 ended up spent on infrastructure is that the projects are simply too slow to get off the ground to provide meaningful near-term stimulus.
“If you are talking about stimulating the economy, ‘shovel ready’ doesn’t mean get the money on Monday and start on Tuesday,” former Pennsylvania governor Ed Rendell said.
“When [Obama] says there’s no such thing as ‘shovel ready,’ he’s right…When we said ‘shovel ready’ we meant ‘shovel ready’ in the way we do things.”
What Happened To All The 'Shovel-Ready' Infrastructure Projects From The 2009 Stimulus Bill?
So, in other words, government isn't the most efficient mechanism of getting things done. Imagine that......
Or they give raises and bonuses to their employees as we've already seen several companies announce.
Please know that virtually EVERY company that is giving out bonuses are ALSO laying off workers......
(.....and, the reason for their bonuses just before the year's end, was that they could deduct from their tax liability at the rate of 35% versus 21% next year.)
Gotta make Santa Claus (the GOP-led Congress) look good to counter the 28% approval ratings of this tax scam.
More like to counter the leftist MSM who never tells the whole truth if any truth at all.
Those companies were going to lay people off anyway. How does that undo any good that Trump may have brought the remaining employees?
More like to counter the leftist MSM who never tells the whole truth if any truth at all.
Those companies were going to lay people off anyway. How does that undo any good that Trump may have brought the remaining employees?
Well, your beloved orange clown will have to contend with higher unemployment rates AND demadns for unemployment insurance payments from states.
A peanut is more than Obama or Hillary would have given back. So, i won't scoff at a penny. It's a start. And, i agree it's more business oriented, but if businesses do well then people will have these things called JOBS to pay their bills.
Virtually EVERY dollar cut from the middle class' tax burden is re-channeled into a demand for goods and services.....
What happens when the tax burden is reduced for corporations?
They stash it in overseas tax havens????
They buy back stocks to benefit a whole bunch of foreign investors?
They buy Jets from France for their CEOs?
LOL (go to bed)
It is if you need to get something done. Capitalism cannot be trusted without a profit motive.The American Recovery and Reinvestment Act was signed into law by Obama in February of 2009 with a Democratic majority in the House and Senate. They had plenty of time to get those "shovel-ready" jobs implemented and did not need the Republican Party to do so.
I am NOT excusing Obama.....but here is some dose of reality.....
Back in 2009, former President Barack Obama made some lofty promises about the infrastructure overhaul that his $800 billion economic stimulus plan would provide. Obama used the phrase “shovel-ready projects” in reference to construction projects that could begin right away.
In the end, however, only $98.3 billion of the $800 billion stimulus was dedicated to transportation and infrastructure. Of that $98.3 billion, only about $27.5 billion was actually spent on transportation infrastructure projects. Why?
“The problem is that spending it out takes a long time, because there’s really nothing – there’s no such thing as shovel-ready projects,” Obama said in a 2010 interview with the New York Times.
When it comes to economic stimulus, local governments may take years to begin actual construction even once they receive funding. The reason why such a small portion of the American Recovery and Reinvestment Act of 2009 ended up spent on infrastructure is that the projects are simply too slow to get off the ground to provide meaningful near-term stimulus.
“If you are talking about stimulating the economy, ‘shovel ready’ doesn’t mean get the money on Monday and start on Tuesday,” former Pennsylvania governor Ed Rendell said.
“When [Obama] says there’s no such thing as ‘shovel ready,’ he’s right…When we said ‘shovel ready’ we meant ‘shovel ready’ in the way we do things.”
What Happened To All The 'Shovel-Ready' Infrastructure Projects From The 2009 Stimulus Bill?
So, in other words, government isn't the most efficient mechanism of getting things done. Imagine that......
$20 trillion!! How the hell did we get to $20 trillion?
VERY bad policies by Reagan, GWB and, yes, Obama....
Now add another $1.5 TRILLION by the idiot Trump and additional $2 TRILLION when he wants to tackle infrastructure (of which there is a need.)
Now, ponder this.......
Donald Trump: Deficits Don't Matter | New Republic
A House Republican explains why deficits don't matter anymore - Vox
Six Years After Cheney Said 'Deficits Don't Matter,' The National Debt ...
You know you can't lie your way out of this.
The vast majority of America will see more in their paychecks starting about February.
Moron.....if THAT was the deciding factor (a few more dollars in one's pay check) THEN, GWB AND Obama would have been economic geniuses....
Didn't quite happen....BUT, DO keep listening to hannity.....LOL.
So, with the majority of the USA now having less money to spend, what does it mean?
A tanked economy. After all, economies are demand driven, and there will be less demand. Only the most brainless cultists still profess belief in the total failure of supply-side economics.
Republicans never learn. Or, more correctly, they see that as a feature, one that keeps the working class subservient to their rich GOP masters.
The simpler it is, or the more common sense becomes involved the harder it is for progressives to understand. I mean why use common sense when nonsense and bullshit can be used to promote guilt in the insecure and manipulate them.. A sign of emasculation that we should curb.So, with the majority of the USA now having less money to spend, what does it mean?
A tanked economy. After all, economies are demand driven, and there will be less demand. Only the most brainless cultists still profess belief in the total failure of supply-side economics.
Republicans never learn. Or, more correctly, they see that as a feature, one that keeps the working class subservient to their rich GOP masters.
What are you babbling about Comrade? Do you even know what day it is? Or what planet you are on?
About 90% of Americans will have more money due to the tax cut of the Republicans, you DO grasp that, right?
Deficits only don't matter when we have a positive multiplier such as welfare spending not a negative multiplier such as warfare spending.
It is if you need to get something done. Capitalism cannot be trusted without a profit motive.The American Recovery and Reinvestment Act was signed into law by Obama in February of 2009 with a Democratic majority in the House and Senate. They had plenty of time to get those "shovel-ready" jobs implemented and did not need the Republican Party to do so.
I am NOT excusing Obama.....but here is some dose of reality.....
Back in 2009, former President Barack Obama made some lofty promises about the infrastructure overhaul that his $800 billion economic stimulus plan would provide. Obama used the phrase “shovel-ready projects” in reference to construction projects that could begin right away.
In the end, however, only $98.3 billion of the $800 billion stimulus was dedicated to transportation and infrastructure. Of that $98.3 billion, only about $27.5 billion was actually spent on transportation infrastructure projects. Why?
“The problem is that spending it out takes a long time, because there’s really nothing – there’s no such thing as shovel-ready projects,” Obama said in a 2010 interview with the New York Times.
When it comes to economic stimulus, local governments may take years to begin actual construction even once they receive funding. The reason why such a small portion of the American Recovery and Reinvestment Act of 2009 ended up spent on infrastructure is that the projects are simply too slow to get off the ground to provide meaningful near-term stimulus.
“If you are talking about stimulating the economy, ‘shovel ready’ doesn’t mean get the money on Monday and start on Tuesday,” former Pennsylvania governor Ed Rendell said.
“When [Obama] says there’s no such thing as ‘shovel ready,’ he’s right…When we said ‘shovel ready’ we meant ‘shovel ready’ in the way we do things.”
What Happened To All The 'Shovel-Ready' Infrastructure Projects From The 2009 Stimulus Bill?
So, in other words, government isn't the most efficient mechanism of getting things done. Imagine that......
When it promotes the general welfare instead of the general warfare.Deficits only don't matter when we have a positive multiplier such as welfare spending not a negative multiplier such as warfare spending.
Ok...when is welfare a positive multiplier and when a negative multiplier?
We "ditch Capitalism" for truer forms of Socialism, every time we have real times of war.It is if you need to get something done. Capitalism cannot be trusted without a profit motive.The American Recovery and Reinvestment Act was signed into law by Obama in February of 2009 with a Democratic majority in the House and Senate. They had plenty of time to get those "shovel-ready" jobs implemented and did not need the Republican Party to do so.
I am NOT excusing Obama.....but here is some dose of reality.....
Back in 2009, former President Barack Obama made some lofty promises about the infrastructure overhaul that his $800 billion economic stimulus plan would provide. Obama used the phrase “shovel-ready projects” in reference to construction projects that could begin right away.
In the end, however, only $98.3 billion of the $800 billion stimulus was dedicated to transportation and infrastructure. Of that $98.3 billion, only about $27.5 billion was actually spent on transportation infrastructure projects. Why?
“The problem is that spending it out takes a long time, because there’s really nothing – there’s no such thing as shovel-ready projects,” Obama said in a 2010 interview with the New York Times.
When it comes to economic stimulus, local governments may take years to begin actual construction even once they receive funding. The reason why such a small portion of the American Recovery and Reinvestment Act of 2009 ended up spent on infrastructure is that the projects are simply too slow to get off the ground to provide meaningful near-term stimulus.
“If you are talking about stimulating the economy, ‘shovel ready’ doesn’t mean get the money on Monday and start on Tuesday,” former Pennsylvania governor Ed Rendell said.
“When [Obama] says there’s no such thing as ‘shovel ready,’ he’s right…When we said ‘shovel ready’ we meant ‘shovel ready’ in the way we do things.”
What Happened To All The 'Shovel-Ready' Infrastructure Projects From The 2009 Stimulus Bill?
So, in other words, government isn't the most efficient mechanism of getting things done. Imagine that......
Except that he just showed rather affectively that it isn’t. As for capitalism, the profit motive is what makes people strive to produce something better. Your Marxist garbage has been tried and failed repeatedly for over a century.
