Wednesday, January 28, 2009

Obama's Economic Plan

After hearing both sides of the fence on Obama's plan to rescue the country, I am finding myself to have even less faith in our government. While I don't know every detail of the plan, I can honestly say that the proposals within the plan do very little for the private sector (unless, of course you're a government contractor). I fail to see how the following will have a significant long-term impact on the economy as a whole (All I see is a bunch of projects that provide a pinhole sized ding in the short-run):

$44 million for repairs at the Agriculture Department headquarters in Washington.

$200 million to rehabilitate the National Mall.

$360 million for new child care centers at military bases.

$1.8 billion to repair National Park Service facilities.

$276 million to update technology at the State Department.

$500 million for the Transportation Security Administration to install bomb detectors at airports.

$600 million for General Services Administration to replace older vehicles with alternative fuel vehicles.

$2.5 billion to upgrade low-income housing.

$400 million for NASA scientists to conduct climate change research.

$426 million to construct facilities at the Centers for Disease Control and Prevention.

$800 million to clean up Superfund sites.

$150 million for the Coast Guard to repair or remove bridges deemed a hazard to navigation.

$6.7 billion to renovate and improve energy efficiency at federal buildings.

$400 million to replace the Social Security Administration's 30-year-old National Computer Center.

Once these projects are wrapped up, Congress is going to have to say "now what"?

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