20081220 Obama Trillion Dollar Spend for Infrastructure is a SHAM. Just imagine what a trillion dollars spent on 100 new nuclear plants, using American natural gas to fuel commercial vehicles, improving American technology to use MORE American coal would do to the economy? The answer is lower the national debt, permanent job creation, a big multiple in the velocity of money in America by money staying in America instead of importing 65% of our crude oil, and so on. The biggest gain to building energy infrastructure is to provide national security by putting a stop to the insanity of shipping money to Russia, Iran, Venezuela, etc. The Obama plan will make present day America and the future of America dependent on foreign countries for energy. The Obama marriage with corn ethanol is obvious evidence of the lie to make America energy dependent; -you don’t pump millions into a proven failure (check it out: after a 50% gov subsidy, the price of non-ethanol gasoline is only 5 cents more than corn ethanol gas; and that does not include food inflation caused by using corn for ethanol).
But no, let’s build Obama bridges and roads (which has been well funded for years & the money generally corrupted by special interest). Roads and bridges do ZERO for permanent job creation; much less provide the ENERGY necessary to allow the American economy to prosper for now and the future.
But no, let’s spend like every president for the last 50 years on the development of alternative energy. I don’t mind spending a proportion on alternative energy research; but do it the right way: Give a 1% to 20% tax credit on the actual final price of each new car sale that provides a vehicle that gets over 30mpg city and highway with no exceptions for the damn pickup truck or suv or what the heck ever the gov always gives a free ride to support the UAW. The 1% credit could be for 30mpg, and the 20% credit would be for 50mpg. Obviously, the electric vehicle would come in at the 20% credit. And guess what, you turn free enterprise loose to let the best company win; the environment wins; and America is IMMEDIATELY on the road to being a real country instead of a consuming socialist country at the mercy of Russia, Iran, and Venezuela.
Obama is obsessed with getting the legacy of saving America with bridges and roads. All of America will never recover from this Obama disease. Printing money and throwing it at roads and bridges on top of the gov corruption already in building roads and bridges is a very pathetic approach to get good print in a history book.
The Obama obsession will not bankrupt the future of America’s kids. The Obama Obsession With Roads and Bridges will bankrupt you folks who are reading this column.
jayR
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