HowardSurf City Here we Come
February 9th 2010 13:43
Real Crash- Looking at Capitalism and its Laws:
Surf City, but no Construction
In the wacky world of Obama, the stimulus for Construction has become masturbation. The collapse of construction employment on public and private projects in the United States has become so complete, that official unemployment in the construction trades has jumped to 24.7% nationwide in January, from 18.7% in October 2009. This figure itself is a considerable understatement: The large numbers of actual construction unemployed who have given up on the industry and found hamburger-flipping, nurse's assistant, or other low-wage work, are not counted as unemployed. In the Northwest, for example, where the official construction unemployment rate is over 30%, it is really close to half of all construction employment that has disappeared, and projects are still being abandoned or mothballed. Lyndon LaRouche, the world's leading economist, commented, --
"The 'Stimulus Act' must have just been masturbation.
The broader policy question is the complete lack of serious Federal investment in any important infrastructure areas, despite a physical infrastructure deficit equivalent to $5-10 trillion in investments in the economy. President Obama's new budget is without serious infrastructure investments, and cuts the Army Corps of Engineers budget by 10%. And the Obama/Biden "stimulus act" has turned out to be a lot of masturbation, for all the impact it has had on collapsing construction.
Tune -- Surf City--spoof of Beach Boys
Wacky wacky wooky wooky wooky woo;
Jerking it every day;
They call it stimulation, but it's barely masturbation;
"Guess Obama like it that way;
No infrastructure built at all;
Stimulus tax breaks don't run the ball;
No new bridges, railroads at all;
Army Engineers getting the fall;
No stimulation, bankrupt the nation;
Obama safari lunacy;
FDR knew what to do;
And on top of this, the great "futurists" of Obama have scrapped the manned space program.
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