President Barak Obama’s Economic Stimulus
On 9/6/10, the nation celebrated ‘’Labor Day Weekend ‘’ recognizing the work of all citizens who made our country great. President Barak Obama's Economic Stimulus package was revealed by Obama to a labor unions sponsored event and the American people in Milwaukee on national television.
The President put forth a $50 billion infrastructure plan to build or repair 150,000 miles of road, 4,000 miles of railways and 150 miles of airport runways, as well as to support a modernization of the air traffic-control system. The $50 billion is on top of the $62 billion in the original stimulus package of $812 billion.
The shovel ready jobs that President Obama proclaimed apparently was incorrect. President Obama said that the $50 billion would not add to the deficit in time.President Barak Obama also planned to call for the creation of an infra-structure bank that would leverage funding for projects ( another proposed increase of the size of government).
The Whitehouse hopes to cover the costs by closing a series of tax breaks for oil and gas companies. The Democrat controlled Congress and President Barak Obama’s ways of weaning the country off the need for foreign oil. Let’s not forget the federal government’s second moratorium imposed on offshore drilling at a cost of losing a 100,000 jobs.
President Obama went on as in previous campaign mode praising the labor unions for their contributions to the country. The President seemed to forget or acknowledge other workers who are not in unions, the private sector workers, for their contribution to the labor movement.Obama proclaimed that he, Barak Obama is ‘’ Building the economy on a New Foundation’.
The government took over the Student Loan program, buried in the healthcare bill, from the banking industry, passed the Health Insurance plans Reform legislation, closed corporate loopholes for oversees business, gave 95% of working Americans a tax cut , bailed out the auto industry, Fannie and Freddie, and the Wallstreet financial sector.
The government under the Obama administration and the Democrat super majority controlled Congress, 2009 and 2010, now controls 60% of the American economy. The major failure of the present administration is that the country has close to 10% unemployment and that the economy has not recovered, cost to the taxpayers of $1 trillion, from the start of the recession in Dec 2007.The recession officially ended in June of 2009.
President Barak Obama, in campaign mode, pledged to strengthen social security, work to provide the ‘’America dream’ for the middle class and to defend his policies to bring about change to our government. President Barack Obama went on in his speech to ridicule the minority party (Republican)for being the party of NO to everything that the Democrats have proposed in the Senate and the House ( Congress).
The labor day celebration was an inappropriate time for our President to act in an unpresidential manner to ridicule, mock and to denigrate Members of Congress and our Government.President Obama, the campaigning Commander in Chief's actions were beneath the DIGNITY of the Office of the President of the United States.
President Barak Obama also told the audience that the Republicans were attempting to make political points by not voting on the new legislation . It appears that Barak Obama’s actions are disingenuous when complaining about the previous administration .The President stating that the Republicans are holding up legislation seems ridiculous since the super Democrat majority controlled Congress have always had a sufficient amount of votes to pass legislation without a Republican vote.
A recent poll of President Obama’s proposed spending bill showed that 70% are not in favor of any additional spending. The budget for 2011 has not been presented for the fiscal year starting Oct 1, it is rumored to project another $I + billion deficit.
The deficit in 2009 was $1.4 Trillion and $1.3 Trillion in 2010. The United States Government has grown 20% since President Barak Obama and the super majority Democrat Congress took office and control 100% of the government. The $787 billion Stimulus Bill is now $821 billion. As of today some $132 billion has not been spent and unemployment is approaching 10%again.
The record of the Obama administration under the control of a Democrat Congress speaks for itself. The arrogance , incompetence and inexperience of government’s actions in taking control of private sector industries should be recognized. ‘’We won and will will do what ever we want to do ‘’ was a remark made by some Democrats and the President just after the election.
Your Author Jon Ewall
Jon's website http://www.chicagoconsultant.com/page1.php
Your author is a online marketing consultant of products offered on the internet. Jon’s website blog contains a variety of interesting subjects and articles that he has written