Saturday, November 22, 2008

Here comes FDR Lite

Obama economic plan aims for 2.5M new jobs by 2011

A great goal. Where are those jobs going to come from? Perhaps O will stimulate the market by slashing the capital gains tax!


President-elect Barack Obama promoted an economic plan Saturday he said would create 2.5 million jobs by rebuilding roads and bridges and modernizing schools while developing alternative energy sources and more efficient cars.

Yep, he's going to create a bunch of new government jobs. Not clear on who is going to pay for all that. Probably the rich people making...whatever they make. The number keeps dwindling in O camp.

"We'll put people back to work rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels," Obama said. He also made a commitment to fuel-efficient cars and alternative energy technologies "that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead."

Wind farms and solar panels. Ok, that will take care of about .5% of the country's energy needs. How about drilling for oil on our own land? That would reduce our dependence on foreign oil. Nah, not on O's radar.

"We have acted boldly, bravely, and above all, together," Obama said. "That is the chance our new beginning now offers us, and that is the challenge we must rise to in the days to come. It is time to act. As the next president of the United States, I will."

Prediction: The unemployment rate will be edging near 10% by 2011.

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