At GMU Obama spells out economic stimulus plan
FAIRFAX, Va. -- President-elect Barack Obama is spelling out the key elements of an "American Recovery and Reinvestment Plan" that he is touting to treat a sick economy.
Obama told an audience at George Mason University that the plan includes a host of programs to revitalize the economy and create jobs.
Specifically, he said he wanted to double the production of alternative energy in the next three years, modernize more than 75 percent of federal buildings and improve medical record-keeping.
He also said that the initiative includes giving the country "21st century classrooms," expanding Internet access in rural areas and investing more in science in research.
Obama is again vowing to keep "earmarks and pet projects" out of the plan.
He said he knows that there are a lot of ideas in Congress on how to spend money, and that many of the projects are "worthy."
But he said leaders in both parties need to put the nation's "urgent needs" ahead their own "narrow interests."
Obama says the goal of his stimulus plan isn't a "slew of new government programs," but rather a "foundation for long-term economic growth." -- The Associated Press
Reader Reactions
The goal might not be a “slew of new government programs,“ but the reality is exactly that. Here’s the mentality—the private sector, from an economic perspective, is sick. So what does The Obama want to cure the private sector ills? Public sector programs.
Brilliant.
You don’t need to be a rocket scientist to know that modernizing federal buildings and giving the country 21st century classrooms is not going to get the economy off the ground in the next 10 years.
I beleive it is not Obama but the American people who can turn the economy around. Here are few steps.(1) First of all media (Television) should stop spreading negativity.(2)Whatever the manufacturing left in this country, workers should try best for increasing productivity and quality of the goods they produce, which will make our goods more attractive in foreign markets and our exports will increase. You may surprise, U.S.A. is still the bigest exporter in the world!(3)Whenever possible, insist to buy made in U.S.A.(4)Spend money wiseley in a way which can produce more local jobs first. (like dine in a restaurants which give jobs to local folks and remaining money goes to agricultural industries versus buying unnecessary goods imported from foreign countries)(5)Use as little gas as possible to keep energy cost low.
In short, if we all Americans watch our spendings and make sure, most of it remain within our borders, Obama or no Obama, economy will turn around.
Oh goody! So producing alternative energy that no one will be able to use without buying a new car that no one can afford, and modernizing federal buildings that no one but federal employees will benefit from, and improving medical record keeping (?) is the panacea to fix the bad economy? And lets improve internet access availability to rural communities that won’t be able to afford that luxury anyway. How exactly is any of that going to fix the problems that are happening NOW? How about throwing out some short-term fixes that don’t involve throwing trillions of dollars at the people who caused the problems in the first place?
Last week the price tag was $1 trillion. This week it is $1.2 trillion. Next week? ‘double production of alternative energy’ You mean all those shaky alternatives to what we have that can only survive with government subsidies— and which are heavily invested in by Democratic campaign contributors? ‘21st century classrooms’ You mean the NEA, AFT and their parasite the Department of Education which do not teach anyone? No ‘ear marks’? Well, that’s easy. They just change the name of them. Can you spell b-a-i-l-o-u-t, i-n-f-r-a-s-t-r-u-c-t-u-r-e, t-h-e c-h-i-l-d-r-e-n or l-o-n-g t-e-r-m g-r-o-w-t-h?
These are great ideas to get the country back on track. And, if Obama can finance them without again mortgaging the country to some foreign government, I’m all for them. I just want to hear the “how” of the financing before I jump up and down.
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