Obama Proposes Revolutionary Spendathon
Posted by True Obama Facts on 14 Feb 2008 at 11:39 am | Tagged as: Barack Obama |
Stumble it!
NewsMax.com. WASHINGTON — Democrat Barack Obama said Wednesday that as president he would spend $210 billion to create jobs in construction and environmental industries, as he tried to win over economically struggling voters.Obama’s investment would be over 10 years as part of two programs. The larger is $150 billion to create 5 million so-called “green collar” jobs to develop more environmentally friendly energy sources.Sixty billion would go to a National Infrastructure Reinvestment Bank to rebuild highways, bridges, airports and other public projects. Obama estimated that could generate nearly 2 million jobs, many of them in the construction industry that’s been hit by the housing crisis. “This agenda is paid for,” Obama said as the Republican National Committee promoted an “Obama Spend-O-Meter” online to track his proposals and portray him as a tax-and-spend liberal. Obama explained that the money for his spending proposals will come from ending the Iraq war, cutting tax breaks for corporations, taxing carbon pollution and raising taxes on high income earners. continue … Stiff Right Jab responds: Paid for? By promising to bring home the troops, which hasn’t happened since Korea, and won’t happen under President Barack Obama either. By a socialist forced wealth redistribution scheme upon our most productive citizens, which rewards failure, punishes success, and undermines job creation. And by a radical environmentalist move that will certainly reverse any “tax breaks” upon corporations - remembering that government regulation of private enterprise is the great hidden tax, a tax that puts out of business those who can’t immediately afford to comply, while those that can, by and by, pass these compliance costs on to the consumers … you and me. From Stiff Right Jab
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