Kathianne
12-20-2011, 01:26 PM
Does he know nothing about economies?
http://www.washingtontimes.com/news/2011/dec/19/create-wealth-not-jobs/
MURRAY AND BIER: Create wealth, not jobsKeystone XL pipeline would boost prosperity, not government
Spending on construction and infrastructure jobs is a perennial favorite of government stimulus boosters. "There's no reason for Republicans in Congress to stand in the way of more construction projects," President Obama told an Ohio crowd in September. "There's no reason to stand in the way of more jobs." However, the president now wants to block a massive private-sector construction project that would create the thousands of jobs he demands - the Keystone XL pipeline.
Strangely, the president seemed absolutely opposed to a compromise that would promote the very construction jobs he claims to favor. "Any effort to try to tie Keystone to the payroll tax cut, I will reject," he said. "The reason is because the payroll tax cut is something House Republicans and Senate Republicans should want to do regardless of any other issues." The only logical explanation for Mr. Obama's continuous opposition to constructing XL is that he thinks it's a bad idea. With that in mind, let's judge the pipeline on its merits.
TransCanada's Keystone XL pipeline is a massive job- and wealth-creation project. The pipeline will snake its way 1,700 miles from Alberta to the Gulf coast with stops in Oklahoma and Illinois. Keystone will create $7 billion in investment without any additional congressional spending. It is exactly the sort of massive construction project Mr. Obama demanded from Republicans in September, with one important exception: It's private.
In the same Ohio speech, Mr. Obama said, "[W]e used to have the best infrastructure in the world here in America. We're the country that built the Intercontinental Railroad, the Interstate Highway System. We built the Hoover Dam." In other words, big projects are great as long as they are big-government projects. Otherwise, your project can wait.
The logic behind the payroll tax cut, as explained by Mr. Obama, is that "it will spur spending. It will spur hiring." But the pipeline the administration is fighting will create 20,000 jobs with no new government spending. Detractors who have argued that these jobs are only temporary, that just 50 permanent jobs will be created, miss the point. Economic activity doesn't exist to create work, but to create wealth. TransCanada isn't building the pipeline to provide jobs, but to provide energy - oil for people to power their cars, lower their shipping costs and raise their standard of living...
I get the feeling he cares less about the economy and more about government control.
http://www.washingtontimes.com/news/2011/dec/19/create-wealth-not-jobs/
MURRAY AND BIER: Create wealth, not jobsKeystone XL pipeline would boost prosperity, not government
Spending on construction and infrastructure jobs is a perennial favorite of government stimulus boosters. "There's no reason for Republicans in Congress to stand in the way of more construction projects," President Obama told an Ohio crowd in September. "There's no reason to stand in the way of more jobs." However, the president now wants to block a massive private-sector construction project that would create the thousands of jobs he demands - the Keystone XL pipeline.
Strangely, the president seemed absolutely opposed to a compromise that would promote the very construction jobs he claims to favor. "Any effort to try to tie Keystone to the payroll tax cut, I will reject," he said. "The reason is because the payroll tax cut is something House Republicans and Senate Republicans should want to do regardless of any other issues." The only logical explanation for Mr. Obama's continuous opposition to constructing XL is that he thinks it's a bad idea. With that in mind, let's judge the pipeline on its merits.
TransCanada's Keystone XL pipeline is a massive job- and wealth-creation project. The pipeline will snake its way 1,700 miles from Alberta to the Gulf coast with stops in Oklahoma and Illinois. Keystone will create $7 billion in investment without any additional congressional spending. It is exactly the sort of massive construction project Mr. Obama demanded from Republicans in September, with one important exception: It's private.
In the same Ohio speech, Mr. Obama said, "[W]e used to have the best infrastructure in the world here in America. We're the country that built the Intercontinental Railroad, the Interstate Highway System. We built the Hoover Dam." In other words, big projects are great as long as they are big-government projects. Otherwise, your project can wait.
The logic behind the payroll tax cut, as explained by Mr. Obama, is that "it will spur spending. It will spur hiring." But the pipeline the administration is fighting will create 20,000 jobs with no new government spending. Detractors who have argued that these jobs are only temporary, that just 50 permanent jobs will be created, miss the point. Economic activity doesn't exist to create work, but to create wealth. TransCanada isn't building the pipeline to provide jobs, but to provide energy - oil for people to power their cars, lower their shipping costs and raise their standard of living...
I get the feeling he cares less about the economy and more about government control.