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Story Archives: The Obama Deal
|The Obama Deal|
President-elect Barack Hussein Obama unveiled a proposal this past weekend to jump start the U.S. economy.
The Obama plan calls for a huge investment by the government in what we would describe as the second coming of the New Deal. Fittingly, let us give Obama's plan its own name, the Obama Deal.
According to The New York Times, the Obama Deal would invest records amount of money in a vast infrastructure program, which also would include work on schools, sewer systems, mass transit, electric grids, dams and other public utilities. Furthermore, the Obama Deal vows to upgrade computers in schools, expand broadband Internet access, make government buildings more energy-efficient and improve technology at hospitals and doctors' offices.
Though we recognize the United States has failed to adequately invest in its infrastructure—airports, highways and ports—since the days of the Interstate highway construction boon, we are somewhat leery of the president-elect's so-called economic stimulus proposal, which he says will create some 2.5 million jobs over the next few years.
Because Obama offered not one proposal or idea on how the government would pay for the Obama Deal. Not one.
We find that to be a bit short-sighted, or naïve, since Obama has abandoned his campaign rhetoric of recklessly taxing the so-called rich and the dead and American capital in general.
Yet, the question remains.
Who's going to pay for the Obama Deal?