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Varchild2008 (83.79)

"We Need a Permanent Funding Bank" - Obama

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September 06, 2010 – Comments (5)

"We Need a Permanent Funding Bank" - Obama|

http://news.yahoo.com/s/ap/us_obama_economy

"Obama also called for a permanent funding mechanism, an infrastructure bank, to focus on paying for national and regional infrastructure projects. Officials provided few details of how the bank would work."

[Varchild2008]

No..... You already have Tax Cheat Timothy Geithner Working Overtime Hours printing cash as fast as the Treasury Department's Printing Presses can print their little hearts out.

Permanent Funding, Infrastructure Bank?  What does Obama think the Economy consists of?  Does he understand that an ever increasing portion of our economy consists of High Tech Jobs?

High Tech Jobs require job training and commodity cost reduction.   Commodity Cost Reductions could occur with Free Trade Agreements of which we know there are 2 Free Trade Agreements that have been signed into law yet.

We are sitting on a pending agreement with Columbia and one with South Korea.  Both of which if signed, assuming the issues involved are resolved, would definitely help in commodity cost reduction.

The Columbia FTA was signed in 2006 but President Obama said he wanted to address various issues.  Well????????????    Instead of shedding any light on whether there has been any action on this we get a $50 Billion Boondoggle Speech about  "Permanent Funding Mechanisms."

I think the last thing we need in our country is more "STIMULUS" and the 2nd last thing we need is more "BANKS providing permanent funds for the Federal Government to use on whatever it pleases itself."

Let's face it...

KOREA consists of Coal, iron, lead, zinc, tungsten, gold, graphite, fluorite production.

An FTA agreement with Korea would greatly lower the costs in all of these resources and improve bulk shipping companie's opportunities.  It would help bring costs down for all sorts of companies in America that need all of these.   It would simply act like a massive TAX CUT without ever spending 1 dime....1 penny......1 anything....

So for all of the News Media Bums who think the Republican Party has no ideas or solutions.....

Just look at how President Obama continues to forget about KOREA and COLUMBIA as just 2 solid examples that Obama does not care about America's economy.

How stocks in your portfolio would benefit with a Korea FTA and an improved Columbia FTA?
I am willing to bet quite a few.

http://www.ustr.gov/trade-agreements/free-trade-agreements/korus-fta

The Korean FTA alone adds an estimated $10 - $12 Billion to annual United States GDP and another $10 Billion to Merchandise exports to Korea.

Now that is a HUGE Chunk of changes to jolt our economy and get things going again for the American People.  Yet, President Obama never made any mention of any progress with this during his Labor Day Speech today.

So.... Just think about that when you go to work tomorrow morning... Just think....What things President Obama COULD HAVE SAID.....but didn't that would have had a positive impact to your portfolio.

5 Comments – Post Your Own

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#2) On September 07, 2010 at 5:23 AM, devoish (98.26) wrote:

Aren't "Free trade Agreements" the agreements that sometimes legalised forcing middle class Americans to compete with impoverished children in other countries for jobs?

Aren't FTA's the agreements that sometimes legalise advantaging multinational corporations over small American business' by giving them access around enviromental standards?

Does it count as a new idea if it was also called Reaganomics?

Does it count as a good idea if it is written to allow the problems I mentioned above?

The Devil is in the details, not the rhetoric.

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#3) On September 07, 2010 at 5:31 AM, devoish (98.26) wrote:

I heard both these arguments, yours and mine, when I was a young man in the eightys.

The jobs are gone.

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#4) On September 07, 2010 at 5:08 PM, Varchild2008 (83.79) wrote:

Reagonomics works in the 80s and needs to be applied today.

For better or for worse we have wallowed in Kenyesian spending sprees ever since Ronald Reagon's 2nd term in office expired.

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