Barrack Obama's economic plan in review Part 1

2-19-2007

Its so apparent Barrack Obama doesn’t have a clue on how the economy works. Like the old saying goes “It’s the economy stupid”. To Obama’s supporters why should that matter? They know as much about the inner workings of the economy then Barrack Obama does, that would be little to none and far between. Last week Obama said that as president “he would spend $210 billion to create jobs in construction and environmental industries.” If anyone looks at his ultra thin resume, you will notice that Barrack has no executive experience in the corporate sector. He never created one job in his life. In his “economic plan” the investment would be over 10 years as part of two programs. The larger is $150 billion to create 5 million so-called "green collar" jobs to develop more environmentally friendly energy sources. Sixty billion dollars would go to a National Infrastructure Reinvestment Bank to rebuild highways, bridges, airports and other public projects. Obama estimated that would generate nearly 2 million jobs, many of them in the construction industry that's been hit by the housing crisis”. Barrack may have graduated from Harvard but clearly he never majored in Business, Economics or Finance. I’ll rip in to Barrack’s proposal a little bit more in a minute, because this is something people need to see and understand. When Obama was asked how he would pay for his plan, he said
“It will come from ending the Iraq war, cutting tax breaks for corporations, taxing carbon pollution and raising taxes on high income earners.” Now it's time for the fun part.