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Obama budget would launch ‘massive job-creation engine’: report

By Sahil Kapur
Wednesday, February 16, 2011 14:06 EDT
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WASHINGTON – President Barack Obama’s proposed budget for fiscal 2012 would create millions of new jobs by boosting investments in infrastructure and transportation projects, according to an estimate.

The proposal would set aside $336 billion for highways and infrastructure programs and $53 billion for a new high-speed rail system, aimed at spurring economic growth as unemployment remains high.

USA Today called it “a massive job-creation engine, with plans to generate millions of them by repairing and expanding highways, bridges and railways.”

The $3.7 trillion blueprint includes an additional billions of dollars in research and development investments, which Democratic leaders characterized as helpful in promoting innovation.

On balance, the proposal aims to reduce the deficit by slashing hundreds of government programs worth hundreds of billions over the next decade. The nature of some of the cuts, such as $2.5 billion in reductions for heating subsidies for the poor, has received criticism from progressives.

House Speaker John Boehner (R-OH) said Sunday on NBC that Obama’s budget will “destroy jobs.”

Boehner and House Republicans released their own budget blueprint, chopping billions more from Obama’s plan in steep cuts to education, the Environmental Protection Agency and other federal programs.

Scott Lilly, a budget expert at the liberal Center for American Progress, told the Washington Post‘s Dana Milbank that the GOP budget cuts would lead to a net loss of almost 1 million jobs.

“In the last two years, under President Obama, the federal government has added 200,000 new federal jobs. If some of those jobs are lost so be it. We’re broke,” Boehner told reporters Tuesday.

The nonpartisan PolitiFact rated Boehner’s claim that Obama has created 200,000 federal jobs as “false,” citing Bureau of Labor Statistics figures to note that the net increase was 58,000 government jobs.

 
 
 
 
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  • http://profiles.yahoo.com/u/3NVQSZZC5IM66JEOCSFJUV7FCE Jacques G

    Typical Republican Logic. I guess to them algebraeic logic works as well. MINUS 1 million jobs is as good as PLUS 1 million jobs. That’s why to them, CUTS seem a good thing. Stupididiots.

  • Anonymous

    Is boner going to be allowed to lie with impunity forever? Someone, please, stand up to this criminal in person and make him take it back.

  • Anonymous

    Obama’s budget probably is better than some progressives believe because it is more nuanced than most observers have noticed. For example, the home heating cuts seemly will be off set over the course of the cuts by estimated lowering of home heating fuel prices and longer term weather patterns. Along with weatherization subsidies, the program will be able to deliver nearly the same amount of home heating as before. And this holds true throughout the budget because Obama’s 2012 budget is more clever than many observers, left or right, have cared to notice.

  • http://www.lynchgraphics.com David Lynch

    Obama’s gonna create a “job engine”? Unfortunately, Boehner will pour sugar into the engine’s gas tank and shove a potato in the exhaust pipe.

  • parrots_abound

    Obamas “engine” will run on hot air….most likely.

  • Anonymous

    Glad the plusses in the budget are getting SOME play. I was upset by a few cuts, but really happy at the idea of getting rid of subsidies for fossil fuel and tossing them to the new energy research we need so desperately.

  • Guest

    Great idea, it will probably work just as good as the “money Engine” he built two years ago.

  • Anonymous

    Didn’t the big O do some stimulus spending a few years ago that was going to “save” (which they have no way of measuring) or create over a million jobs and keep the unemployment rate under 8%? (Here’s a nice write-up of all it will do and how to cash in on it: http://career-advice.monster.com/job-search/company-industry-research/stimulus-jobs-overview/article.aspx). It’s been generally considered to be a bit of a flop. Two years later, same basic idea, but with a bigger budget and bigger expectations. It will probably be a bigger flop too.

    Anyway,like King George II said: “Fool me once, shame on… shame on you. Fool me, can’t get fooled again.”

  • Hassan i Sabbah

    I don’t believe anything this guy says anymore.

  • Hassan i Sabbah

    It would be much more productive if Boner just disconnected the airbag and drove it into a bridge.

  • Anonymous

    Massive job creation job engine, eh? Coming from Obomber that must mean that he’s invading the entire Middle East at once and he’s bringing back the draft. Which will include women this time. And will be extended up to age 69 or death, whichever comes later.

  • Anonymous

    Since it’s so great. You keep it!

  • otherjerseyguy

    The clock is running on how long it will take Obama to cave to the Republican Budget… This has all the markings of BO’s famous soft-stand on a position that is followed by total capitulation…..

  • http://www.youtube.com/user/RepublicConstitution?feature=mhum TruthRegimes

    “He reflects the very best of American spirit’: Obama honours Bush Snr with Medal of Freedom”

    Read more: http://www.dailymail.co.uk/news/article-1357344/Obama-honours-George-Bush-Snr-Bill-Russell-Medal-freedom.html#ixzz1EB0yCOzp

    http://www.telegraph.co.uk/news/worldnews/northamerica/usa/barackobama/8327553/Barack-Obama-honours-George-H-W-Bush.html
    “Barack Obama honours George H W Bush
    US President Barack Obama honoured German Chancellor Angela Merkel and America’s “gentleman” 41st president George H W Bush with America’s highest civilian honour on Tuesday.”

    Also, do not forget that Barbara Bush calls Bill Clinton her son and she says she considers him a part of their family…the false left vs. right paradigm is a joke.

  • http://pulse.yahoo.com/_3QIJ4LGZX6PZOJSD57QIC3NRAA Straw

    O’Bumbler must have missed all the shiny ports and highway signs in Japan.

    Doesn’t matter if you build a highway, if there is nothing new to ship on it.

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