The IUSB Vision Weblog

The way to crush the middle class is to grind them between the millstones of taxation and inflation. – Vladimir Lenin

Archive for August 2nd, 2009

ABC 20/20 Takes on Government Health Care

Posted by iusbvision on August 2, 2009

Posted in 2012, Chuck Norton, Click & Learn, Health Law, Obama and Congress Post Inaugration | Leave a Comment »

Associated General Contractors of America: Stimulus Bill Had Little Job Creation Effect in Construction Industry

Posted by iusbvision on August 2, 2009

Put this one in the “IUSB Vision told you so” department….

Washington Post (Hat Tip  film maker Pat Dollard):

President Obama’s $787 billion stimulus plan is having little effect on job creation within the general-construction industry, the trade association for the sector said Thursday.

Construction spending was “disappointingly slow” five months into the recovery program, with firms working on stimulus-funded construction projects hiring at no greater rates than those without such work, according to the Associated General Contractors of America, known as AGC.

The findings are based on a survey of almost 1,000 construction companies.

Polling has shown that confidence is dropping in the measure’s ability to reverse the economic decline, and its success or failure could become a central plank in the 2010 midterm elections.

While few new jobs were reported, 60 percent of firms surveyed by the AGC said they had saved jobs because of the stimulus package, which the AGC estimates is worth $135 billion in construction contracts. “We’ve been able to keep a lot of our employees in Arizona and New Mexico,” Deena Billings, senior vice president with FNF construction, an AGC member, said Thursday.

AGC chief executive Stephen E. Sandherr said that the stimulus act is having an impact but not delivering on its full potential. “With construction unemployment at almost double the national rate, it is disappointing to see so many stimulus programs getting off to such a slow start,” he said.

The transportation sector has seen stimulus money flow into road, rail and seaport projects, partly because states already had identified “shovel-ready” contracts. But only a few general-construction projects have been funded under the stimulus act, the AGC said.

At the time of the survey, the Army Corps of Engineers had paid out only $84 million of $4.6 billion granted it under the stimulus, the AGC said. The General Services Administration, given $5.9 billion, had paid out only $12 million.

Posted in 2012, Chuck Norton, Economics 101, Obama and Congress Post Inaugration | 1 Comment »

The Case Against Nationalized Healthcare in 3 minutes 42 seconds.

Posted by iusbvision on August 2, 2009

(Hat Tip Ed Morriossey at Hotair)

Posted in Chuck Norton, Click & Learn, Corporatism, Economics 101, Health Law, Obama and Congress Post Inaugration | Leave a Comment »

How ACORN, SEIU and other special interests designed the Stimulus Bill to make themselves rich and kick money back to the Democrats

Posted by iusbvision on August 2, 2009

Watch carefully.

Posted in 2012, Campaign 2008, Chuck Norton, Corporatism, Obama and Congress Post Inaugration | 1 Comment »