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Home > Uncategorized > $300 Billion Stimulous for Re-Election Year - Bills due later

$300 Billion Stimulous for Re-Election Year - Bills due later

September 7th, 2011

Obama to Propose $300B for Jobs

In his speech Thursday, President Obama will ask Congress to pump $300 billion into the economy for job creation—mainly through tax cuts, infrastructure spending, and direct aid to state and local governments, sources told Bloomberg News on Tuesday. oh-shit-imageAs part of the long-term deficit-reduction package, the president will reportedly ask Congress to offset the cost of these measures by raising tax revenues in later years.

This follows his pattern of buying votes now with other people’s money while pushing all the costs into years well beyond his own tenure in office.

  1. jack scheib
    September 16th, 2011 at 13:13 | #1

    Reality is reality and if Obama and his demaner and talk is anti biz then you have to have your head in the sand to not see this. It is what it is. There is no direction from Obama or his staff. Volker was the most level headed person on his staff so they did not listen to him and he quite or was ask to leave. The majority of Obama’s staff is anti buainess or too anti business. Business is buasiness.

    This Dutch guy comes from a Socialist part of the world and he wants the USA to be like Europe which is in majority - bankrupt.

    Europe is not a example that I want to the USA to be but it looks more and more like Europe each election year for the last decade.

  2. Sjoerd
    September 17th, 2011 at 14:41 | #2

    The “Dutch guy” doesn’t want the USA to be in any way to become a socialist state or resemble Europe. The Republicans/Democrats in the USA have their own view of how a country should be run and the politicians in the countries in Europe have theirs.

    Both continents are equally bankrupt I would say, but as you will see the finances of The Netherlands are in not too shabby state.

    But leaving the political discussion aside, my point was that the articles on this site were increasingly becoming political instead focused on (value) investing. And the latter was why I visited this site. For me that was disappointing as these used to be very interesting articles.

  3. jack scheib
    September 19th, 2011 at 13:49 | #3

    politics and business are attached at the hip as the banksters and washington figure a new game for more stimulus while germany and france figure out how to handle the greeks and then the spainards and the rest of the PIGS with more IOU’s.

    You cannot get around politics and the market - good or bad you have to have your eyes wide open and exclude politics from business. Get real and stay real. If you don’t like Paul’s view then don’t come to the site or don’t read what you don’t like.

  4. jack scheib
    September 19th, 2011 at 14:08 | #4

    I mean to say not exclude pollitics from business because with more rules and regulations over the decades our politics rule our business. More red tape more baloney and less competative with the asian countries that is the reality of the day and last few decades. Each election term we (USA) get more and more social oriented and we tie ourselves up in knots and a few people in Washington and large buainess benefit and the middle class has gotten squeezed and it hurting more each election no matter if you compare Clinton / Bush 2 or Obama. Obama just keep to his agenda that he beleves in no matter what. As my kids said during the campaign he speaks so nicely well yes with a monitor on he speaks ahallow statements or false statements.

    What a mess we have here and in Europe.

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