President Barack Obama wants to improve infrastructure. His $447 billion “jobs bill” has in it $50 billion for infrastructure repair/improvement, and $10 billion to start a National Infrastructure Bank. So the questions are, Why were infrastructure improvements not paid for by the last stimulus? What happened to the money for infrastructure in his $787 billion stimulus bill? To answer these questions, let’s examine both stimulus bills, stimulus spending, and infrastructure spending.
On WLS’s Don & Roma radio show yesterday morning (September 15, 2011), Congresswoman Jan Schakowsky claimed that Americans aren’t entitled to all of their own money. Teenager Tyler Hinsley, at the GOP presidential candidate debate in California, asked, “Of every dollar that I earn, how much do you think I deserve to keep?” Co-host Don Wade asked Schakowsky to answer the same question. After delaying for as long as she could, she finally answered. “I’ll put it this way, you don’t deserve to keep all of it. It’s not a question of deserving, because what government is, is those things that we decide to do together. And there are many things that we decide to do together like have our national security. Like have police and fire. What about the people that work at the National Institute of Health who are looking for a cure for cancer,” Schakowsky said.
The political campaign season is upon us (Did Obama ever leave it?), and we are currently being inundated with polls about all kinds of subjects, such as debt ceiling compromise, or preidental approval polls, or who won the Republican debate, so being an informed citizen and knowing how to validly interpret poll results is imperative. With the MSM bias when reporting poll results, this guide is even more important. Being knowledgeable will have you screaming at your TV and/or newspaper.
We now know that the EPA puts politics ahead of science, that it will take an engineering miracle to meet the EPA defined 56 mpg, that Lisa Jackson is a “global warming” ideologue, that big cars are safer than small cars, that meeting CAFE regulations will cost both money and jobs, and that consumers don’t want electric powered cars. So, until Obama is history, and until the EPA is reined in, we consumers are doomed.
Franklin D. Roosevelt, in 1932, redefined the word liberalism. Prior to 1932, liberalism meant “a belief in individual liberty.” He gave the word a new meaning: “a belief in paternalistic government and trading individual liberty for state-sponsored security” by redefining what he called “the forgotten man.”
Despite environmentalist protests, President Obama is about ready to approve the “jobs creating” Keystone XL pipeline. TransCanada Corporation, the project owner, estimates that 20,000 jobs can be created from the pipeline itself over the two-year project development period. There are other jobs associated with development of the resource in Canada that have economic impacts on U.S. employment. So, with that in mind, let’s look at the Keystone XL pipeline, and at Canadian oil sands.
Today we hear about deficit reduction budgets from both sides of the aisle. But what is never discussed are the economic assumptions that accompany deficit reduction budgets. Here is a very good article by James Pethokoukis about economic assumptions and their affects on projections. This post draws heavily upon his article.
The rich pay more taxes as a total percentage of taxes collected, but they do not pay, as a percentage, taxes they can afford to pay. So says Warren Buffet, the world’s third richest man. Buffett compiled a data sheet of the men and women working in his office. Buffett, with immense income from dividends and capital gains, paid less as a percentage of his income than the secretaries or the clerks or anyone else in his office. “How can this be fair?” he asked. “How can this be right?” Buffett continued, “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
The MSM has always said that Barack Obama can speak well. Here is an example of what the MSM says: Lolita Breckenridge said, “He’s very charismatic. It was a ‘you-had-to-be-there’ kind of experience.” After hearing Democratic White House hopeful Barack Obama address a packed rally at the University of Maryland on Monday, Breckenridge made the comment. A dedicated supporter, she brought two of her friends to hear the Illinois senator deliver one of his much-talked-about speeches. “Not too much of the speech was new to me,” she admitted. “But hearing him live…” she trailed off, shaking her head and grinning. Ahead of Obama’s speech, hip-hop music blared across the sports arena and fans held up signs that read “Barack My World” and “Party Like a Barack Star”. Afterward, supporters were eager to talk about the experience. For Karen Ruffin, hearing him speak of his hope for the country was “inspiring, full of hope and phenomenal. I was undecided in the beginning but after hearing a few speeches I gradually moved toward him,” Ruffin said.
Have you ever noticed that NOTHING is Obama’s fault? Have you noticed that everything that Obama dislikes is NEVER his fault? Have you ever noticed that everything Obama likes, such as the killing of Osama bin Laden, is something he alone accomplished? For example, he takes credit for creating the nation of South Sudan, Chryrsler’s rebound, for spending cuts he fought, and for ending combat in Iraq.