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Originally Posted by cobra de capell
True - in the end, it's all about jobs. That's the issue relating to BO's stimulus and the new spending law - will they create jobs for the rank and file?
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Nonetheless that the Stimulus bill is full of pork and earmarks; it does have some job creation (albeit, I'm glad that I am too old to have to worry about paying that federal debt back at some future time).
There are a few programs that will help certain people that must have had excellent lobbyists in Washington. One program has billions of dollars going to build infrastructure to enable internet connectivity to rural areas. These projects never made business sense before since the revenues would never carry the costs of installation.
I have a friend that owns a company that engineers all of the cable and fiber optic lines that will need to be installed. The engineers that work for him are basically people that have a Master's degree in Electrical Engineering. They will do very well, and they will use labor to dig the ditches that will be required to bury the lines. Of course, they'll hire immigrants to dig those ditches since the "poor" are too lazy to actually work.
Of course, Ayn Rand would cheer the people that work on the projects, but I am sure she would not approve of the government's heavy hand.
Ayn: "My philosophy is the concept of man as a heroic being, with his own happiness as the moral purpose of his life, with productive achievement as his noblest activity, and reason as his only absolute".
Atlas Shrugged (1957)
Here is a good summary of the Stimulus and Wealth Redistribution Bill:
