The AP is typical of the style of reporting:
On Saturday, Obama announced his plan to save or create 2.5 million jobs by investing billions of dollars to rebuild roads and bridges, modernize schools and develop alternative energy sources and efficient cars.Nowheres in the 14 paragraph article, is it mentioned that the jobs Obama plans to create are entirely in the public sector.
"These aren't just steps to pull ourselves out of this immediate crisis. These are the long-term investments in our economic future that have been ignored for far too long," Obama said in the weekly Democratic radio address. A video was available on Obama's transition Web site.
But it's not limited to the AP. The Chicago Tribune, Washington Post, and NY Times described Obama's plan similarly to the AP, without mentioning that these were public sector, or government jobs.
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5 comments:
This was obvious from the beginning! At least it should have been obvious to libertarians.
Apparently it was not. Because some idiotic libertarians actually supported Obama.
I've never heard of any libertarians supporting Obama. He is a socialist, that's 180 degrees from any rational libertarian thought. This guy is going to go after the individual, if you dont conform and pay your fair share you will suffer (I dont meant that in a dramatic sense), but you will suffer economically. Socialism is anti-individual at it's core. And it just amazed me that half the people in this country were fine with electing a socialist.
DougS, there's a strain of libertarian thought that believes it's better to let it all go to shit, as quick as possible, and then libertarians will be there in the aftermath to pick up all the pieces. One of my best friends is one of these people.
They wanted to see Obama win so that we'd have a giant leap forward towards Socialism.
I admit myself, the argument is seductive. Problem is, with Obama's win we also get massive voter fraud by the Democrats. So, even if people want an alternative after the bottom out of the Obama adminsitration, they'll have so many means at their disposal - ACORN for instance - to maintain their power that Libertarians and Republicans will never have a shot of winning, except in a few isolated places.
For every revision of Jimmy Carter, a Ronald Reagan must follow. It's just the four years of suffering that's the hard part. Obama's economic plan is a pathetic but laughable joke. Revising historically failed and flawed FDR' socialist policies isn't going to address the heart of the economic problem. If Obama would have attended Harvard School of Business instead of Law, he would know better. This should be the real economic plan
1. Write down the illiquid sub prime loans so that investors will buy them and once and for all get them off the bank's balance sheets. That will give the banks the money they need to start lending.
2. Get rid of the credit default swaps.
3. Cut scale back regulations, cut corporate, income and capital gain taxes
That plan would work but not right away. Obama is so far in left feild it's laughable. To the idiots that though this guy is going to fix the economy, good luck on that blind leap of stupidity.
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