Quote:
Originally Posted by dogzilla
No more $50 billion giveaways to his construction buddies. No more $100 billion giveaways to his favorite corporations. His last exercise in giveaways to the tune of a $750 billion stimulus program flopped. He should not get to do it again.
|
Infrastructure funding is Obama's giveaway to construction buddies?
Political contributions of the construction industry are heavily towards Republicans.
So how would you pay for long overdue repair of the crumbling public infrastructure?
The stimulus program flopped? Not according to a broad consensus of economists.
The stimulus, along with the the bank bailout (TARP) and policies of the Fed kept the economy from tanking completely and turned it around to the tune to six quarters of positive GDP growth after five quarters of negative GDP growth...and significant job creation (certainly not enough to correct for the 8+ million lost in the prior eight years).
What would you have done with an economy that was sinking to the lowest levels since the Great Depression if you were in that position in 2009? Nothing and hope for the best and that the economy fixes itself w/o further significant decline?
Oh, btw...the notion that Obama is a socialist because of the temporary govt purchase of controlling interest in GM is just nonsense.
The government has begun the process of selling its GM stock as was planned.