Infrastructure Improvements
- Thread starter WhatsHisNuts
- Start date
6 percent of money goes for infrastructure but Biden says we will be able to ? traverse the world in about an hour, travel 21,000 miles an hour?. The senile old fool has been reading comic books again...or more likely someone is reading them to him.
If you are stuck in 1950, your concept of infrastructure doesn't mesh with today's reality. There's stuff in the proposal that needs to get axed but overall, this is a great thing Biden is trying to get done.
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Caught again trying to blame Trump.
:nono:
Obama presided over the longest economic expansion in the history of the country. Complain all you want.
Trump had Paul "PUSSYBOY" Ryan and Nancy Pelosi for 4 years and that's giving Mitch "The Turtle" McConnell some slack, probably not deserved.
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Obama?s 2009 Recovery Act Kicked Off Over 10 Years Of Economic Growth
Chuck Jones
Chuck JonesSenior Contributor
Markets
I cover technology companies, worldwide economies and the stock market
Exactly 11 years ago today, February 17, 2009, President Obama signed the American Recovery and Reinvestment Act of 2009 or the Recovery Act into law. The $831 billion in spending kicked off the longest period of economic growth and job creation in American history.
Over a decade of economic growth
The National Bureau of Economic Research or NBER determines the length of economic expansions and recessions. The recent growth period started in July 2009 and has lasted for 127 months through January 2020. This surpasses the previous record of 120 months from March 1991 to March 2001, which then led into the Great Recession that Obama inherited. [Earlier version had the incorrect months for the 120 month timeframe: December 2001 to November].
Starting with the September 2009 quarter GDP growth has been positive every year since then. It ranged from 1.6% to 2.9% per year under Obama and from 2.3% to 2.9% under Trump.
The recent negative revisions to 2018?s job growth numbers could lead to a lower reading on Trump?s 2.9% GDP growth in 2018. The revised numbers should be out in July this year when the first estimate for June?s GDP growth is released.
Each of the last three years of Obama?s economy were stronger than Trump?s 2019 when adjusted for trade, inventory impacts and government spending. To get an overall view of Trump?s economy this article has 10 economic metrics of his three years in office.
Trump?s job growth is a continuation of Obama?s economy
The Bureau of Labor Statistics has data on the number of non-farm jobs in the economy going back to 1939. There have been two periods with 9 years of consecutive job growth; 1961 to 1969 and 1992 to 2000. As of December last year that record was broken with 10 years of consecutive job growth from 2010 to 2019.
It is harder for companies to find workers and it is later in the business cycle. However, Trump?s boasts about how many jobs he has added don?t include the fact that he has generated 6.5 million jobs under his Presidency vs. the 8.1 million, or 1.6 million fewer than Obama did during his last three years in office. In fact, Trump's best year of job growth (2018) doesn't even beat any of Obama's last three years.
The graph below displays the number of employees in the private sector of the economy, meaning it excludes government workers and farmers, over the past 15 years. It shows the 10 years of increased employment, seven under Obama and three under Trump. It turns out that in 2019 there were 1.927 million private sector jobs added, the fewest since 2010 as the economy was recovering from the Great Recession.
Total private sector employment; 2005 to 2019
https://apnews.com/article/joe-bide...re_August11&utm_term=Morning Wire Subscribers
Senate OKs Dems' $3.5T budget in latest win for Biden
Senate OKs Dems' $3.5T budget in latest win for Biden
Trump and the Republicans talked about it for 4 years, Biden gets it done in 7 months. :0003
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You mean 1,000 jobs. TC Energy laid off 1,000. They were expecting to employ another 7,000 - 8,000 temporary workers......see below. :0008
https://www.statesman.com/story/new...executive-order-cancel-fact-check/6673822002/
This infrastructure bill will generate a shit ton of jobs and lead to improvements across the country. #WINNING
This whole fiasco perfectly encapsulates American politics.
Both parties have been talking about the need for infrastructure improvements for over a decade, but neither party has a plan until the Biden administration comes in and presents a massive bill with a way to pay for itself.
-Messaging from Democrats seems to focus on the $ amount instead of what it will do (fucking ignorant)
-Not ONE Republican in the Senate will back it
-The bill gets nearly chopped in half to accommodate those worried about the price tag, which is covering a 10 year span, not 1 year like they will lead you to believe
-And still, not ONE Republican in the Senate will back it
One party tries to get stuff done and make improvements while the other is dead set on doing nothing (status quo) or reversing stuff that's already been in place (e.g., deregulation).
We're so stupid. Why improve our healthcare system when we can bitch about the war on Christmas? Why focus on getting the country through the pandemic when you can blame illegals for bringing it in? People worried about our Christian values are wearing Fuck Joe Biden tee shirts or threatening the lives of school board members.
What a joke.
Both parties have been talking about the need for infrastructure improvements for over a decade, but neither party has a plan until the Biden administration comes in and presents a massive bill with a way to pay for itself.
-Messaging from Democrats seems to focus on the $ amount instead of what it will do (fucking ignorant)
-Not ONE Republican in the Senate will back it
-The bill gets nearly chopped in half to accommodate those worried about the price tag, which is covering a 10 year span, not 1 year like they will lead you to believe
-And still, not ONE Republican in the Senate will back it
One party tries to get stuff done and make improvements while the other is dead set on doing nothing (status quo) or reversing stuff that's already been in place (e.g., deregulation).
We're so stupid. Why improve our healthcare system when we can bitch about the war on Christmas? Why focus on getting the country through the pandemic when you can blame illegals for bringing it in? People worried about our Christian values are wearing Fuck Joe Biden tee shirts or threatening the lives of school board members.
What a joke.
Funny how that works, a couple hundred BILLION for Infrastructure and 3 TRILLION for other shit, both parties are a JOKE.
If you have a means to pay for it, that seems like it should shut up the complaining about the price tag, but that's just............logic.
I know both parties are jokes, but at least one continues to come up with plans.
Having a Joe Manchin upset stomach? If you really believe Biden when he says the 3.5 trillion dollar bill would cost zero then I bet you believed Obama when he said you can keep your own doctor, illegals would not get free healthcare and your healthcare care premiums would decrease on average 2500.00.
The Monkees had a song called ?True Believer?. Bet you know the words.
Not upset with Manchin, I think it makes more sense that you can't get 100% on board for stuff. I don't think it makes any sense that ZERO Republicans will back a plan to repair/improve our infrastructure.
Reversing the tax cuts on the wealthy and corporations will go a long way to paying the bill, so will the income tax generated from all the new jobs created. Of course that doesn't make sense to you, but the tax cuts Trump put in that were supposed to pay for themselves (and didn't even come close) probably still makes sense to you.
I kept my own doctor and I'd bet almost every one of you that whines about that did too.
Illegals have it made, just listen to Fox News. Lowell, seriously. How fucking stupid do you have to be to think illegals get everything for free? If it's that easy, just show up to places without ID or insurance.....let us know how that goes.
Trump is having a temper tantrum because Biden is getting credit for accomplishing something he wanted to get done but was unable to. Loser.
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Senator Cruz voted against this. <a href="https://t.co/mht1OgtvwL">https://t.co/mht1OgtvwL</a></p>— The White House (@WhiteHouse) <a href="https://twitter.com/WhiteHouse/status/1572673696904654848?ref_src=twsrc%5Etfw">September 21, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
