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Obama touts $50 billion transportation proposal

October 11th, 2010 . by TexasFred

Obama touts $50 billion transportation proposal

WASHINGTON — President Barack Obama today lobbied for Republican support from Capitol Hill for a burst of spending on transportation projects, calling his proposal a jobs creator for the middle class and an overdue investment in the country’s foundation.

“There’s no reason why we can’t do this,” Obama said in a brief Rose Garden event. “There’s no reason why the world’s best infrastructure should lie beyond our borders. This is America. We’ve always had the best infrastructure … All we need is the political will.”

Obama is proposing a $50 billion plan as an initial step toward a six-year program of transportation programs. It calls for building, fixing or maintaining thousands of miles of roads, rail lines and airport runways, along with installing a new air navigation system to reduce travel delays, and other projects.

The president unveiled the idea over Labor Day. Today’s event amounted to another chance to promote it. The president met privately with governors, mayors, transportation officials and Cabinet secretaries and then stood with some of them before the cameras as he made his case.

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Obama touts $50 billion transportation proposal

“There’s no reason why we can’t do this,”

I can give you 50 Billion reasons why we can’t do this. It’s $50 Billion the U.S. government just doesn’t have! And I’m pretty sure that it’s $50 Billion dollars that U.S. taxpayers aren’t wanting to cough up right about now.

Hussein Obama (S), is a SOCIALIST of the 1st order. He wants to rob Peter to pay Paul, and that is nothing more than another method of wealth redistribution. Socialism in it’s purest form.

I have seen it written, and heard it said, that the trouble with Socialism is that eventually you run out of other people’s money. Obama has run OUT of OUR money. All that’s left for Obama to do now is to borrow money from China, or print more money, thus making our currency even more worthless.

The government can’t create jobs. Try and remember your history lessons and think of this one thing, Franklin D. Roosevelt (D) created all kinds of work programs to bail the USA out of the Great Depression.

The USA only exited the Great Depression because WE were the only manufacturing entity in the world left intact when WWII broke out and we were supplying the world with war materials, and everything else that was needed for survival and victory.

The American workers went back to work to support the war effort, our efforts and those of our allies, and those efforts were spurred by PRIVATE enterprise, not the U.S. government.

If the U.S. taxpayer cuts of the purse strings, the U.S. government hasn’t got a leg to stand on.

The timing also comes as Obama is eager to show action on the sluggish economy just ahead of the Nov. 2 congressional elections, with his party in jeopardy of losing a sizable number of seats in the House and Senate. Obama asked for Republican support, saying infrastructure work typically draws bipartisan support. But such cooperation seems unlikely in the current partisan atmosphere.

And that is the heart of the matter with Hussein Obama. It’s not about jobs, it’s not about the economy, it’s not about the American people, it’s not about our health and welfare, it’s not about recovery. It’s about the Democrats and their plans to retain control of the U.S. government, thus allowing the current regime even more opportunities to rape the American taxpayer further.

The economy continues to dominate public concern. The public sector slashed 159,000 jobs in September, including the largest cuts by local governments in 28 years. Obama said his program would boost employment right away and help make up for what he called years of costly inattention to the country’s infrastructure.

All the Obama regime can do is point their fingers and blame Bush.

Obama: “Republicans Messed Up So Bad” That Millions Are Still Out Of Work

“There are three million Americans who would not be working again if not for the economic plan Joe and I put in place, that’s the truth,” President Obama told a crowd in Philadelphia.

“The hole we’re climbing out of is so deep. The Republicans messed up so bad, left such a big mess, that there is [sic] still millions of Americans without work,” he added. SOURCE

« Read the rest of this post HERE! »

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Stocks slide as investors’ malaise continues

August 21st, 2010 . by TexasFred
Stocks slide as investors’ malaise continues

WASHINGTON (AP) - Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out.

The program is intended to help those at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests the $75 billion government effort is failing to slow the tide of foreclosures in the United States, economists say.

More than 2.3 million homes have been repossessed by lenders since the recession began in December 2007, according to foreclosure listing service RealtyTrac Inc. Economists expect the number of foreclosures to grow well into next year.

“The government program as currently structured is petering out. It is taking in fewer homeowners, more are dropping out and fewer people are ending up in permanent modifications,” said Mark Zandi, chief economist at Moody’s Analytics.

Full Story Here:
Stocks slide as investors’ malaise continues

Obamanomics is just peachy-keen isn’t it? :?

All the stimulus money that was spent (wasted), OUR money, hasn’t done a thing to rebound the economy. The GM (Government Motors) debacle, is just that, a debacle. Fannie and Freddie are nothing more than jokes. The Obama financial team is comprised of world class morons that believe we can SPEND our way out of this hole we’re in.

And the White House is more worried about the rumors that Obama is a damned Muslim than they are with fixing what’s wrong with America.

Today, the Dow Jones closed at 10,213.62 that’s down 57.59 from yesterday.

A spike in layoffs feeds fear of faltering recovery — “Layoffs are back, and that’s bad news for the fragile economic recovery.�? SOURCE.

Economic recovery? Under the Obama regime, those are words that just don’t belong in the same sentence!

And where is Barack Hussein Obama and family?

The Obama family is on vacation again. “Instead of politicians and polls, the Obama’s encountered pony farms and ponds. Instead of filibusters, the Vineyard offers fishing. And the only things getting hung out to dry were beach towels.�? SOURCE. On OUR dime of course.

Do you need another example of the incompetency that IS Barack Hussein Obama?

Nearly 50 percent leave Obama mortgage-aid program

NEW YORK — Stocks closed moderately lower Friday as investors’ pessimistic view of the economy deepened.

There was little reason for investors to buy. There were no reports to offset Thursday’s disappointing news that growth in the domestic economy continues to slow. The Dow Jones industrial average fell 57 points a day after falling 144. The other major indexes also fell moderately.

“We’re not seeing any significant growth prospects,” said Peter Costa, president of Empire Executions. “Why be in the market if there’s no (near-term) prospects for growth?”

Oil prices fell again on worries that future demand will wane if economic growth remains tepid. Energy stocks were among the worst performers on the day, including oil companies Chevron Corp. and ConocoPhillips.

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Nearly 50 percent leave Obama mortgage-aid program

Great balls of fire! Are there any more, or better ways to point out that Obama, and his entire administration, is the biggest disaster to ever befall this nation?

Take a look America! Take a CLOSE look at Barack Hussein Obama, and NEVER forget, this is what you get when you elect a community organizer that just happens to be an anti-American socialist.

Remember America, and REMEMBER IN NOVEMBER! Clean the House and Senate!

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Judge grants Obama request to suspend Gitmo trial

January 21st, 2009 . by TexasFred

Judge grants Obama request to suspend Gitmo trial

GUANTANAMO BAY NAVAL BASE, Cuba (AP) - A judge on Wednesday quickly granted President Barack Obama’s request to suspend the war crimes trial of a young Canadian in what may be the beginning of the end for the Bush administration’s system of trying alleged terrorists.

The judge, Army Col. Patrick Parrish, issued a one-sentence written order for the 120-day continuance, without even holding a hearing on the question. Another judge was expected to rule later Wednesday on a similar motion to suspend the trial of five men charged in the Sept. 11 attacks.

Prosecutors submitted the motions just hours after Obama’s inauguration at the direction of the president and Defense Secretary Robert Gates.

U.S. military prosecutor Clay Trivett said all pending cases should be suspended because a review of the military commissions system may result in significant changes. Obama has said he will close Guantanamo and many expect he will scrap the special war crimes court and direct that cases be prosecuted in the U.S.

Full Story Here:
Judge grants Obama request to suspend Gitmo trial

Ladies and Gentlemen, I submit to you that we are already seeing the beginning of the end. The end of America as we have known it.

From now on we’re going to see headlines that read, ‘Obama requests blah blah blah blah’ and the very next headline will read, ‘U.S. Senate, Congress, SCOTUS, Federal Judges et al, give Obama everything he has asked for, in *other news*, the economy is still at rock bottom, the NASDAQ is down 400 points again for the 8th day in a row and shows no sign of repair’.

Obama may have good intentions, he may have GREAT intentions. The road to hell is paved with *good intentions* so I am told. You can’t just throw money at all of your ills and make them right. You can’t NOT prosecute terrorists, no matter WHO gets pissed off by us doing so, and most importantly, you can’t negotiate with Islamic terrorists. That is a hard fact that *The One* is either going to have to accept, and he won’t, or he can enter into negotiations with these Islamic terrorists and stand idly by as they blow up targets of opportunity here in the USA as he, Obama, continues to believe the press reports claiming that he is the *new messiah*.

George Bush was NOT the sharpest tool in the shed, but he did address terrorism. Obama is going to take an entirely different approach I fear. Obama will embrace them as *the brotherhood of man*, his thoughts will be ‘they’re a lot like us, they just express their feelings in a different way, but diversity is a GOOD thing America’. I fear that Obama is going to rely on his *skills* as a speaker to be all it takes to protect this United States of America, and anyone with half a brain already knows how far that tact is going to get us.

I assume that you have all seen my flag and memorial in the top of the sidebar. That will remain in place for as long as Obama is POTUS and this nation is held hostage by his ignorance and obvious arrogance, and that of those that believe this man can actually DO the things he pandered them with to get elected!

Obama rhetoric will NOT save this nation. Obamanomics will not boost this economy. Those are the facts of the matter. This nation is about to be taken for a ride that will shake her to the very foundation. If there’s anything left when Obama is done with her, I will be totally surprised.

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