Obama’s New Deal Spit Balls
September 6th, 2010ZeroHedge saved me from having to look up how much the dollar has been diluted:
The New Deal cost America $50 billion in 1930s dollars. How the times have changed – today the White House will announce a new and improved New(er) Deal, which will invest $50 billion in a 3Rs sequel – road, rail and runway, infrastructure developments. It will have roughly one thousandth the impact of the Roosevelt plan, demonstrating once again that in 80 years the only thing that has actually worked in America is the ongoing devaluation of the dollar.
In other news, H.R. 5741: Universal National Service Act took a step forward. It was referred to the Subcommittee on Military Personnel on July 23, 2010.
Via: Reuters:
U.S. President Barack Obama will announce on Monday a six-year plan to revamp the United States’ road, railways and runways with a $50 billion up-front investment to jump-start job creation, the White House said.
The plan is one of several several economic initiatives that Obama is due to unveil this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in Nov. 2 congressional elections.
