- Nov 17, 2009
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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.
It is how some on the left know, our alleged wars on crime, drugs, and terror must be fake; because the right wing feels justified in lowering taxes for those long term costs.
The left is just as invested in waging war on crime, drugs, and a terror as the right is. You are a fool if you think otherwise