Gingrich at Republican Fundraiser Says Obama’s ‘Already Failed’

Financing America?s Infrastructure | The New America Foundation

America’s basic infrastructure is outdated, worn, and in some cases, failing. Most experts agree that it is inadequate for meeting the demands of the 21st-century global economy. If we are to remain competitive, we must invest in capital assets like roads, ports, bridges, mass transit, water systems, and broadband infrastructure. Many other countries -- both rich and poor -- see investing in infrastructure as imperative for economic survival and success in an increasingly competitive economic environment. But the United States has lagged in infrastructure investment, in both relative and absolute terms. We are spending less than 2 percent of GDP on infrastructure, while China and India are spending 9 percent and 5 percent of GDP, respectively.

 

lol, keep telling yourself that buddy. You might actually believe that someday. Just not today. If it makes you feel better, go get in the mirror and say it a few times.
I really dont give a shyt about talking to you, pleasure being subjective here, Id rather get a prostate exam from your mother. Now thats some ignorance for you.

Yes I understand what you are saying, doesnt make it a fact. Failure of that magnitude would have cause consumer confidence to be at 0. Nobody in their right mind would have taken their money out of Bank of America if it would have collapsed to put their trust in another massive bank like Wells Fargo.

 

You are a pretty funny guy, but dont catch feelings behind something that you do as well.

 

you sure are replying a lot for a guy who doesnt care to talk.

correct, they would put their money in other places. which would be fine. perhaps they would buy gold or real estate or something else.

it is not the responsibility of the taxpayer to save these private businesses. when we do prop them up, like i said, it punishes the guys who are doing things right.

i have bad news for you boss. you just are not smart enough to be interesting. i am gonna go ahead and ignore you from here on out. cherish the times we talked.

 

I figure you would run, which is cool with me. You re just not smart enough to recognize how ignorant and hypocritcal you are. So have fun with the ignore button, maam.

 

I wasn't trying to take a shot at you over using revenue instead of taxes. I just think we lose the real meaning in government too often when we don't realize that we're spending our own money and not some money that just grows on trees.

I guess the question is how do you quantify that. Obviously government spending to stimulate the economy is good but it's rarely done efficiently which in turn makes it bad. I would argue the light rail from vegas to LA for example is an instance where the government is spending money to creat jobs but is certainly not an efficient use of the public's money. How can it be? Creating governmental departments creates jobs but in the long run it doesn't help the economy. There is a difference between creating jobs and helping the economy. Creating jobs is does not necessarily improve the economy long term if the cost of those jobs creates more of a burden on the system. The opposite is true as well. If you can figure out the total effect of government intervention of the economy under specific circumstances then you'll be a far wealthier man than anyone has ever been.

 

Thats reasonable I can agree with some of that.

 

damn, looks like you guys have been going at it for a while there.

 

yea he got a little upset or something I dont know. lol
he put me on ignore. big bad wolf here.
I would have actually agreed with some of the stuff he said, but he was being a hypocrite.

 

martin is 100% correct. Look at the economic problems Japan and South Korea of about 10-15 years ago. Japan did everything they could to bailoyut companies and keep them from failing. South Korea let the weak companies fail and stronger companies emerged and prospered.

Japan's economy has been mostly stagnant since then, and the government is crippled by huge amounts of debt. South Korea has had one of the best growing economies and has a lean government.

The Asian balance sheet recessions are the perfect case study for what we are experiencing now. Bush took the Japanese route and Obama followed suit and is quadrupling Bush's mistakes, and this is before his nightmare trillion dollar healthcare scam..er... plan is voted into effect.