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Yup 50 billion, that would create between 1 million and 1.25 million jobs, at a time when U6 is at 14.4%. With a civilian workforce of 154 million, there are 22.1 million people looking for full time year round work according to the U6 metric. The Reality is U6 doesn't count everyone. 28 million without jobs is a bit more realistic.

From 1934 forward, New Deal policy was to spend 5 to 6% of GDP on infrastructure, the EU and India spend 5-6% on infrastructure. In 2011 we spent 1.3% of GDP. 50 billion is about one twentieth of whats actually needed.

1/20th.

Attracting private investment through a “Rebuild America Partnership.”

The President’s plan will bring together an array of new and existing policies all aimed at enhancing the role of private capital in U.S. infrastructure investment as a vital additive to the traditional roles of federal, state, and local governments:

I think that speaks for itself.
the President’s proposed investments could bring almost 80 percent of structurally deficient bridges up to date
Cant blame the GOP for not fixing 100% of structurally deficient bridges, maybe we can negotiate for more money to bring that up to 100%?
In addition, the Obama Administration has made an unprecedented commitment to strengthen public transportation across the United States, investing in more than 350 miles of new rail
After 4 years of recession, the WH wants to brag about 350 miles of new rail lines?

When are we as a country, with our leadership, going to acknowledge the scale of the problems and discuss solutions that match the scale of the problems?

Fact Sheet: The President’s Plan to Make America a Magnet for Jobs by Investing in Infrastructure

A Magnet? Give me a break.

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Comment Preferences

  •  Tip Jar (5+ / 0-)

    ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

    by Roger Fox on Wed Feb 20, 2013 at 03:35:40 PM PST

  •  What would folks around here do (3+ / 0-)
    Recommended by:
    lcj98, Diogenes2008, DavidW

    If they couldn't bitch?

    Why is it that, as a culture, we are more comfortable seeing two men holding guns than holding hands?

    by jsfox on Wed Feb 20, 2013 at 03:45:53 PM PST

    •  Is that a rhetorical question? (1+ / 0-)
      Recommended by:
      Roger Fox
    •  That was your most salient contribution (3+ / 0-)
      Recommended by:
      voracious, Simplify, Roger Fox

      to the discussion after reading that?

      "Til you're so fucking crazy you can't follow their rules" John Lennon - Working Class Hero

      by Horace Boothroyd III on Wed Feb 20, 2013 at 03:54:07 PM PST

      [ Parent ]

    •  Well, folks wouldn't have posted this comment, (0+ / 0-)

      for one.

      Government and laws are the agreement we all make to secure everyone's freedom.

      by Simplify on Wed Feb 20, 2013 at 04:14:03 PM PST

      [ Parent ]

      •  I would (1+ / 0-)
        Recommended by:
        DavidW

        Because this dreck is on the rec list with five tips and four recs. And why is that, again?

        Seriously - the man is doing what he can against enormous amounts of obstruction and all people can do is complain??

        Jeez... I'm glad my kids weren't like that. They understood when I wasn't able to get them everything they wanted - and they were smart enough to understand why.

        So how come we're not smart enough to figure that out??

        "We have only the moral ground we actually inhabit, not the moral ground we claim." - It Really Is That Important

        by Diogenes2008 on Wed Feb 20, 2013 at 04:56:11 PM PST

        [ Parent ]

        •  I keep wondering how that happens (2+ / 0-)
          Recommended by:
          Diogenes2008, Lost and Found
          on the rec list with five tips and four recs. And why is that, again?

          Be bold. Be courageous. Americans are counting on you. Gabby Giffords.

          by Leftleaner on Wed Feb 20, 2013 at 05:04:01 PM PST

          [ Parent ]

          •  Timing, 6 recs in a very short period (0+ / 0-)

            gets any dairy on the rec list, for a very short time. In fact I missed it, and I wrote the dairy.

            ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

            by Roger Fox on Wed Feb 20, 2013 at 07:17:22 PM PST

            [ Parent ]

        •  UR selling a car for 10k, excellent value (0+ / 0-)

          and I offered you 500 bucks would laff our ass off at me?

          But if I offered you you $9200, might you take me seriously?

          Obama just offered you 50 billion, when you need 2.2 trillion.

          SO how does he negotiate a deal when he starts at the bottom of the barrel?

          Go on TV appeal to Americans we need 2 trillion, make your damn case, people will respect you for that. Then negotiate.

          Shit if he asked for 2 trillion and got 200 billion, the country would be better off by the tune of 4 to 5 million jobs, instead of 1.1 million jobs.

          ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Wed Feb 20, 2013 at 06:57:04 PM PST

          [ Parent ]

    •  talk about solutions matching problems? (0+ / 0-)

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Wed Feb 20, 2013 at 06:15:50 PM PST

      [ Parent ]

  •  Now they just have to find a way (5+ / 0-)

    to outsource all those jobs.  

    Maybe they'll ship in migrant workers from third world countries to do the job.  No doubt most of the raw materials will come from overseas suppliers.

    Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

    by Betty Pinson on Wed Feb 20, 2013 at 03:46:30 PM PST

  •  Regarding the part you said speaks for itself (1+ / 0-)
    Recommended by:
    Simplify

    Namely, this:

    Attracting private investment through a “Rebuild America Partnership.”
    The President’s plan will bring together an array of new and existing policies all aimed at enhancing the role of private capital in U.S. infrastructure investment as a vital additive to the traditional roles of federal, state, and local governments:
    I think that the info below speaks for it a bit better.

    From L.A. Metro's The Source newsblog:

    The other part is a bond program that would provide very low-cost bonds to transportation agencies in exchange for tax credits to those who sell the bonds. The above graphic explains it best.

    As the White House notes, the AFF bond program is modeled on the Build America Bonds that were part of the stimulus bill in 2009 to help revive the country's economy. The White argues that AFF bonds would attract new capital for transportation projects and would better distribute funds throughout the U.S.

    The bonds program isn't free. If $45 billion in bonds is issued over 10 years, the feds would be subsidizing about $7.5 billion in interest over that time. Nonetheless, the bonds proposal has already received some bipartisan support because it leverages private funds to build public projects. That's key because it is up to Congress to approve the bond program; a key player will surely be Rep. Bill Shuster (R-Penn.), the chairman of the House's Transportation Committee.

    My country, right or wrong; if right, to be kept right; and if wrong, to be set right.
    --Carl Schurz, remarks in the Senate, February 29, 1872

    by leftist vegetarian patriot on Wed Feb 20, 2013 at 04:11:28 PM PST

    •  question of scale (0+ / 0-)

      Will states take on the need to spend 5% of GDP or 750 billion? Since 43 states have balanced budget requirements... I have serious doubts AFF can do the job.

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Wed Feb 20, 2013 at 05:47:22 PM PST

      [ Parent ]

  •  I drive under two bridges (5+ / 0-)

    every day are being held up by railroad ties. I probably drive over others but I don't see those. Those wooden blocks are there in case the bridge collapses.
    So I am all for spending money on our infrastructure, especially since our bond rates are at a historic low.
    This is an investment in our future and maybe a little bit of our safety.

    •  It could be an even better investment (0+ / 0-)

      especially when, as you say, the bond rates are at a historic low.

      Will you mind if you end up having to pay a toll to a private corporation use the roads and bridges once they're fixed?  That's what happens when government finances projects with outside investors - somewhere along the line, the investors have to be repaid.

      Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

      by Betty Pinson on Wed Feb 20, 2013 at 04:56:33 PM PST

      [ Parent ]

      •  And what do you suggest he do? (0+ / 0-)

        Right now, he's having to deal with a Congress that would let the country DIE simply to oppose him.

        Unless you can find a way to implant souls into the GOP in Congress, this is probably the only option left.

        Fuck, we are a pitiless bunch around here.

        "We have only the moral ground we actually inhabit, not the moral ground we claim." - It Really Is That Important

        by Diogenes2008 on Wed Feb 20, 2013 at 04:58:12 PM PST

        [ Parent ]

        •  Push it through Congress w/o the privatization (0+ / 0-)

          He's a genius at messaging - he should go on the campaign trail and get voters to rebel against GOP members of Congress to vote for it.

          GOP will never vote for this bill, no matter how many corporate sweeteners Obama adds to it. He knows that by now.

          This is just warmed over ThirdWay/DLC tripe.  

          Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

          by Betty Pinson on Wed Feb 20, 2013 at 05:04:32 PM PST

          [ Parent ]

        •  Asking again. Are you ok with tolls (0+ / 0-)

          and private ownership of your highways and bridges?

          Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

          by Betty Pinson on Wed Feb 20, 2013 at 05:06:31 PM PST

          [ Parent ]

          •  Posting this again, because you may have missed it (2+ / 0-)
            Recommended by:
            simple serf, MrAnon

            when I posted it the first time:

            The other part is a bond program that would provide very low-cost bonds to transportation agencies in exchange for tax credits to those who sell the bonds.
            From what I've read, that's the private money side.

            My country, right or wrong; if right, to be kept right; and if wrong, to be set right.
            --Carl Schurz, remarks in the Senate, February 29, 1872

            by leftist vegetarian patriot on Wed Feb 20, 2013 at 05:21:01 PM PST

            [ Parent ]

            •  Riiight (0+ / 0-)

              I'll wait for the details, thanks.  

              Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

              by Betty Pinson on Wed Feb 20, 2013 at 05:34:34 PM PST

              [ Parent ]

              •  I hope it will not come off as overly snarky (1+ / 0-)
                Recommended by:
                MrAnon

                if I observe that it does not appear that you are waiting for the details.

                My country, right or wrong; if right, to be kept right; and if wrong, to be set right.
                --Carl Schurz, remarks in the Senate, February 29, 1872

                by leftist vegetarian patriot on Wed Feb 20, 2013 at 05:42:06 PM PST

                [ Parent ]

                •  When you have a 2 trillion dollar need (0+ / 0-)

                  and you ask for 50 billion, you never get the chance to make the case to the American public that infrastructure needs 2 trillion, but I'll settle for 750 billion....

                  Instead hes asked for 50 billion.

                  ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

                  by Roger Fox on Wed Feb 20, 2013 at 06:05:51 PM PST

                  [ Parent ]

        •  He asked for 50 billion..... JC on a stick (1+ / 0-)
          Recommended by:
          simple serf

          Get on the TV, tell AMerica its needs 2,2 trillion in infrastructure spending because shit is unsafe, and you drive on unsafe bridges every day.

          And what do you suggest he do?
          Dont start at the bottom of the barrel, 50 billion? WTF ! !

          WE need 2 trillion..... ask for it, then negotiate down in price. 400 billion in infrastruture would create 8 to 10 million jobs, tell AMerica that, and accuse the GOP of blocking jobs.

          If a bridge falls down, blame the GOP for not funding all bridge repairs.

          If you were selling a used car for $10,000 that was a good value and I offered you $500, would you laff your ass off?

          ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Wed Feb 20, 2013 at 06:50:38 PM PST

          [ Parent ]

      •  Can't be outsourced. (0+ / 0-)
        Investing in infrastructure not only makes our roads, bridges, and ports safer and allows our businesses and workers to be as competitive as they need to be in the global economy, it also creates thousands of good American jobs that cannot be outsourced.
        From how I read the Plan, it would be American businesses and owners to invest, not outside sources of investment.

        He's asking private investors to help because:

        Repair and maintenance of our existing roads, bridges and public transportation systems should take priority before we consider investing in new facilities.  This will ensure that our cities are safer and more modern.  But taxpayers shouldn’t have to shoulder the entire burden either.  We also know that America works best when we’re tapping the resources and ingenuity of a vibrant private sector.

        That’s why the President’s infrastructure plan calls for a Rebuild America Partnership that will attract private capital to build the infrastructure our businesses need most.  By acting on the President’s plan, together we can prove that there is no better place to do business and create jobs than right here in the United States of America.  

        I don't understand the problem some have with this.  And since we can't get the GOP to help to allow the federal gov't to stimulate the economy, especially with rebuilding our infrastructure, this seems to be a good start. I believe once Americans see rebuilding going on in their own cities and states, they might just push for more help from the federal gov't to do even more w/o help from the private sector and that would put more pressure on the GOP.

        The only area I'm not sure about, is this proposal:

        Create a National Infrastructure Bank:  The President continues to call for the creation of a bipartisan National Infrastructure Bank.  The Bank will have the ability to leverage private and public capital to support infrastructure projects of national and regional significance.  In addition, the Bank will be able to invest through loans and loan guarantees in a broad range of infrastructure projects, including transportation, energy, and water, and will operate as an independent, wholly owned government entity outside of political influence.
        I'm happy Obama has been looking at every avenue possible to begin the work we need done to repair our old infrastructure.  It is a national security problem, not just economic.  The two collide as a problem, anyhow.

        I would rather spend my life searching for truth than live a single day within the comfort of a lie. ~ John Victor Ramses

        by KayCeSF on Wed Feb 20, 2013 at 05:37:46 PM PST

        [ Parent ]

        •  States arent going to take on 750 billion in bonds (1+ / 0-)
          Recommended by:
          simple serf

          AFF isnt a anything but a bandaid. Thats the Rebuild America Partnership.

          A good start, well, its good, but the scale of the problem isnt matched by the scale of the solution.

          NHTSA says we need to spend 2 trillion just to catch up, 5% of GDP is 750 billion a year, is maintenance. Last year we spent 195 billion.

          Yeah I suppose these proposals are a workaround the GOP house. But when are we going to talk about the real scale of todays problems?

          ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Wed Feb 20, 2013 at 05:46:55 PM PST

          [ Parent ]

          •  Yeah, it should be more... (3+ / 0-)

            I agree this isn't enough, but what can he do?  He's up against a brick wall when it comes to getting more money.  Maybe it will incite Americans to fight for more.   ::sigh::

            I would rather spend my life searching for truth than live a single day within the comfort of a lie. ~ John Victor Ramses

            by KayCeSF on Wed Feb 20, 2013 at 06:00:45 PM PST

            [ Parent ]

            •  Yes it should be more (1+ / 0-)
              Recommended by:
              simple serf
              Maybe it will incite Americans to fight for more.   ::sigh::
              Hasnt worked in 4 years. IF he went to Americans and spoke of the infrastructure need, we used to spend 5% of GDP, thats 750 billion, but we need to spend 2 trillion, but I'll settle for 750 billion, Americans would mostly understand.

              If he asked for 750 billion and settled for 400 billion we'd all be be better off just for the national conversation. If the House GOP blocked it, they take the blame.

              But Obama proposes to spend enough money to not even fix 80% of structurally deficient bridges.

              SO if he asked for enough money and the GOP settled for 80%, and a bridge collapsed, its the GOP's fault.

              SO now if a bridges collapses, its Obama's fault.

              My message to Obama is make your case 100%, people will respect that.

              ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

              by Roger Fox on Wed Feb 20, 2013 at 06:14:53 PM PST

              [ Parent ]

  •  A time for war, a time for peace... (2+ / 0-)

    and a time to borrow and spend like the dickens, as in now. 2010s' deficit spending isn 2020s' balanced budgets and shared prosperity.

    Uh oh, shared? Sounds socialist. Well, yes, yes it is. And that's good.

    Government and laws are the agreement we all make to secure everyone's freedom.

    by Simplify on Wed Feb 20, 2013 at 04:17:56 PM PST

  •  Umm... (3+ / 0-)
    Recommended by:
    Diogenes2008, KayCeSF, MrAnon

    Where's the problem?  

    The greatest trick the Devil ever pulled was convincing online commenters that they have anything to say.-- B.F.

    by lcj98 on Wed Feb 20, 2013 at 04:20:04 PM PST

    •  Privatization of public infrastructure (1+ / 0-)
      Recommended by:
      limpidglass

      and a budget that's far too small to handle the job - both rebuilding infrastructure and creating jobs.

      Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

      by Betty Pinson on Wed Feb 20, 2013 at 04:58:02 PM PST

      [ Parent ]

    •  WE need to spend 2 trillion on infrastructure (0+ / 0-)

      http://www.infrastructurereportcard.org/

      This plans 50 billion isnt enough to make existing bridges safe.

      the President’s proposed investments could bring almost 80 percent of structurally deficient bridges up to date

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Wed Feb 20, 2013 at 05:57:20 PM PST

      [ Parent ]

      •  At first (2+ / 0-)

        it seemed like a lot of people on this thread had that same opinion, but it's just that you keep posting the same idea!

        The idea makes some sense, but I wonder about it.  When I'm in negotiating positions, I generally don't find that we meet at halfway.  I find that we meet very close to the person who is more willing to walk away.  In this case, the GOP has started walking before the negotiations started.  I'm not sure requesting 2.2 trillion is the best opening play here.

        •  OK, how about 750 billion? (0+ / 0-)

          thats 5% of GDP, standard in the EU and India, and we sued to spend 5% of GDP back in the day.

          Or even 350 billion, but its hard to get much smaller than 50 billion.

          ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

          by Roger Fox on Thu Feb 21, 2013 at 08:06:14 PM PST

          [ Parent ]

  •  Huh (2+ / 0-)
    Recommended by:
    KayCeSF, MrAnon

    The President is trying to do SOMETHING - anything - to fix the problems the GOP won't touch because, you know... "scary Black man must oppose!!"...

    And all we can do is bitch about it?

    Wow.

    We can tear him down, or we can get off our fucking asses and HELP.

    I know where I stand.

    "We have only the moral ground we actually inhabit, not the moral ground we claim." - It Really Is That Important

    by Diogenes2008 on Wed Feb 20, 2013 at 04:50:35 PM PST

    •  So why is he offering to privatize infrastructure? (1+ / 0-)
      Recommended by:
      Roger Fox

      If he knows he has to get this passed w/o GOP support, why the need for cutting private companies in on the business?

      We've seen the GOP try this stuff at the state level and it hasn't worked very well.  Government and private citizens who need to use to projects they've helped pay for can't afford to pay "investors" for the privilege of using their own roads and highways.  

      In cases where states have sold off infrastructure, tolls go up drastically and maintenance suffers.  Why would we want the federal government to make the same mistake?

      Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

      by Betty Pinson on Wed Feb 20, 2013 at 05:01:40 PM PST

      [ Parent ]

    •  I took off work for 6 weeks for Obama. (0+ / 0-)

      IIRC he won that election.

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Wed Feb 20, 2013 at 06:03:15 PM PST

      [ Parent ]

  •  I know the solution: we need to invade ourselves (1+ / 0-)
    Recommended by:
    Roger Fox

    That way, the MIC could destroy all our old, crumbling infrastructure and then build brand new infrastructure.

    We would cheerfully spend over 3 Trillion $ for a war. Even the GOP would support it.

    •  :~) (0+ / 0-)

      ...... Social Security blogathon March 25th thru March 29th. #HandsOffmySS FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Thu Feb 21, 2013 at 08:06:53 PM PST

      [ Parent ]

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