True North - Investing in America?

President Obama consistently insists that ?America? must invest in America. When he?s said this in the past, he?s said it in the context of injections of massive government spending directed towards his political allies and other cronies:

When President Obama criticized Republicans about Rush, Rush started airing all the pork in this bill. Day after day, Rush exposed the pork in the bill. It didn?t take long for the Right Blogosphere jumped in. The damage was already done before this NRO article appeared but it?s worth looking into. Here?s a few of my favorites:

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• $448 million for constructing a new Homeland Security Department headquarters
• $600 million to convert the federal auto fleet to hybrids
• $450 million for NASA (carve-out for ?climate-research missions??)
• $600 million for NOAA (carve-out for ?climate modeling??)
• $4.5 billion for U.S. Army Corps of Engineers

Then there?s this:

• $550 million for a federal fleet of plug-in hybrid electric vehicles
• $300 million for even more plug-in or ?efficient?? vehicles
• $300 million for ?smart appliances??
• $13.9 billion for the Clean Energy Finance Authority (a lending mechanism for green energy projects)
• $8 billion for ?high-speed rail grants?? to states, which apparently includes Reid?s Vegas project
• $21.44 billion for ?environmental?? issues, none of which appears to have job creation in mind, including:
  

  Lead Paint Abatement ($100 million)
  EPA State revolving funds ($6 billion)
  USDA water loans and grants ($1.38 billion)
  DOE environmental management ($6 billion)

• $15 billion to ?increase and protect affordable housing?
• $7.2 billion for expanding broadband coverage
• $15 billion for new Pell Grant funding
  $44 billion for education block grants
• $4.6 billion for ?early childhood? programs
• $1.1 billion for ?comparative effectiveness research??

What?s most appalling is that President Obama indicated that he didn?t have a plan except recklessly spending the taxpayers? money:

?So then you get the argument, well, this is not a stimulus bill, this is a spending bill. What do you think a stimulus is? (Laughter and applause.) That?s the whole point. No seriously. (Laughter.) That?s the point. (Applause.)?

President Obama made that telling comment less than 3 weeks into his administration. President Obama?s steadfast belief has been that a robust economy is based on recklessly spending the taxpayers? money. President Obama?s thirst for spending money recklessly is his trademark. That?s why his deficits are consistently more than $1,200,000,000,000. President Obama isn?t investing in America. He?s consistently paid off his political allies. Think about this:

$13.9 billion for the Clean Energy Finance Authority (a lending mechanism for green energy projects)

Then think Solyndra and all of the Obama megabundlers who got rich while the taxpayers footed the bills when these green energy boondoggles went bankrupt. That?s how the seeds of corruption get planted. President Obama hasn?t invested in America.

Investing in America would?ve meant building the Keystone XL Pipeline. It would?ve meant opening up the shale oil reserves in Pennsylvania, Ohio, New York and other states. President Obama has spent money fortifying his political allies.

This November, that spending must stop.

Cross-posted at LFR

Source: http://looktruenorth.com/63-prosperity/growth/19995-investing-in-america.html

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