Oops! bad news Pete

merrylander · #1 07-10-2011, 09:14 AM

http://www.washingtonpost.com/busine...Z3H_story.html

piece-itpete · #2 07-11-2011, 11:45 AM

Bad news, that the financial bailout Bush started and I never slammed worked?

It's the ARRA aka the porkulous bill that's the waste....

Pete

merrylander · #3 07-11-2011, 12:06 PM

Quote:

Originally Posted by piece-itpete

Bad news, that the financial bailout Bush started and I never slammed worked?

It's the ARRA aka the porkulous bill that's the waste....

Pete

Sorry but according to the latest we are going to run a profit on that as well.

BlueStreak · #4 07-11-2011, 11:48 AM

Oh, Boy.

Dave

piece-itpete · #5 07-11-2011, 11:55 AM

Oh boy oh boy.

Pete

piece-itpete · #6 07-11-2011, 11:57 AM

Btw, I've often assumed you and Rob are tree hugging antinuke greenies, and I was of course wrong.

Pete

piece-itpete · #7 07-11-2011, 12:11 PM

On the ARRA?? How does one make a profit on government expenditure?

Pete

BlueStreak · #8 07-12-2011, 01:20 AM

Quote:

Originally Posted by piece-itpete

On the ARRA?? How does one make a profit on government expenditure?

Pete

Maybe not directly. However, in time, commerce facilitated by infrastructure projects should enhance revenue generation once completed. But that can take a few years, which is why we haven't seen it yet.

People lampoon Obama for his comment about "shovel ready projects". But, when I drove out to Kansas to see my brother I ran into several sizable highway projects such as the one outside Reagan International Airport in Indiana. I've seen a few smaller ones around here. There's an ARRA sign at each end of the I-64 repaving/repair/upgrade project that I see every day on my way to and from work. They're out there, you just have to be watching for them.

I know you guys think I'm nuts or stupid. Maybe I am.
But I believe sometimes folks just don't see what they don't want to see.
If you want to see failure, failure is all you will look for.
Failure will become our self fulfilled destiny and that is profoundly sad.

I believe, if we can stop arguing and start building, we'll be back on top within a few more years.
Paying off debt, building industry....the whole nine yards.

Seriously.

Dave

merrylander · #9 07-12-2011, 08:01 AM

Quote:

Originally Posted by BlueStreak

Maybe not directly. However, in time, commerce facilitated by infrastructure projects should enhance revenue generation once completed. But that can take a few years, which is why we haven't seen it yet.

People lampoon Obama for his comment about "shovel ready projects". But, when I drove out to Kansas to see my brother I ran into several sizable highway projects such as the one outside Reagan International Airport in Indiana. I've seen a few smaller ones around here. There's an ARRA sign at each end of the I-64 repaving/repair/upgrade project that I see every day on my way to and from work. They're out there, you just have to be watching for them.

I know you guys think I'm nuts or stupid. Maybe I am.
But I believe sometimes folks just don't see what they don't want to see.
If you want to see failure, failure is all you will look for.
Failure will become our self fulfilled destiny and that is profoundly sad.

I believe, if we can stop arguing and start building, we'll be back on top within a few more years.
Paying off debt, building industry....the whole nine yards.

Seriously.

Dave

You are right, but unfortunately when you combine the TeaBaggers with some nasty intramural skullduggery that is not going to happen. Boehner was all set to do the big deal with Obama but Cantor neatly stuck a knife in his back. Cantor does not give a faint damn about this country just so long as he can stick it to Boehner and take over as Speaker.

Even Senator Demented is claiming that not raising the cieling won't hurt anything. Of course if they don't and the Pres decides that rather than not send the little old ladies their SS checks he will cut off Congressional paychecks Demented might feel differently. Ah but as long as Congress gets their obscene pensions and CheneyCare they are only too willing to piss on old folks and the middle class, just so Murdoch gets to keep his filthy monies.

piece-itpete · #10 07-12-2011, 09:13 AM

Sorry but spending 700 bil is paying off debt? I understand long term investment and would've used highway building as the #1 thing the gov't could do. Wonder how much went to that?

Here in Cleveland one of those shovel ready projects was the old interbelt, I-90 running straight through downtown. It's started already. Big project with long term effects.

Problem is, instead of designing it to make Cleveland a more people friendly city, a more green city, all those things the left loves to talk about, they're building an ugly rush project. The few manufacturers left on the near east side particularly feel it's going to run them out of town.

Pete