In this installment on the STOTU we turn to rebuilding America. [Click this link for the Prepared Remarks.]
Attract new businesses from where exactly? Does Obamination prefer foreign owned enterprise to home grown enterprise? Railways are too inflexible and too capital intensive to compete with trucks and passenger autos. Without federal subsidy, Amtrack would be priced out of reach. Internet connections are being made by private enterprise, why should the government get involved?
While people are losing their homes to foreclosures because they can't pay their mortgages, Obamination wants to raise taxes and inflation, putting even more strain on real disposable income. We said "NO!" last November; he did not get the message.
Whenever Obama says "invest", it is code for wasteful spending; flushing trillions down the crapper and adding to the debt & deficit without any commensurate benefit. Telephony is not a government function, neither is the internet. Private enterprise is taking care of that and making a profit. Lets leave it that way.
Translation: 'If you build it, they will come." The town where I live has high speed internet access, a minor state highway passing through, a major state highway 12 miles away and a major federal highway thirty five miles away. It does not have any new major employers as a result. Instead, factories are closing or moving away both locally and region wide.
"Shovel ready projects"; is anybody stupid and gullible enough to believe that slogan again? "Fully Paid for." How Gd'd stupid does this clown think we are? $4 Trillion in debt and he pitches "fully paid for". Profanity fails me. No execration can match that insult to our intelligence. America leads the world in one class: arrogant demagogues.
Terrorists have not yet attacked our rail stations or trains as they have in Europe and India. The low traffic volume makes them unattractive targets. If you increase the traffic, they will be attacked, then the security measures will be imposed, after the blood and guts of a few hundred people are splattered about. No thanks.
The current rail bed will not support the top speed of current locomotives. How does Obama hope to upgrade the tracks and pay for it? How can he hope to do it, increase the speed and make the tickets affordable?
The barriers to success are, in order of importance: unions, taxes, regulations, uncertainty and foreign competition. Obamination will make three of those problems worse.
Who was in charge of the House Ways and Means Committee while that tax code was written and amended? What makes any sane and sober person hope that system will change?