“If we don’t make the necessary investments to ensure that America’s a magnet for good jobs ¿ investments in education, manufacturing, research, and transportation and information networks ¿ we’re just waving the white flag of surrender to other countries as they forge ahead in this global economy,” said President Obama, who spoke in Jacksonville, Fla., on Thursday. (STEPHEN MORTON, EPA / July 25, 2013)
On July 26, 2013, Kathleen Hennessey writes in the Los Angeles Times:
President Obama urged Republican lawmakers Thursday to approve billions of dollars in new federal spending on roads, bridges and ports as he continued for a second day to try to build momentum for his stalled economic proposals.
Speaking at the port in Jacksonville, Fla., Obama laid out a broad case for spending on infrastructure, arguing that it would ripple through the economy, boost the still-struggling middle class and make U.S. businesses more competitive.
“If we don’t make the necessary investments to ensure that America’s a magnet for good jobs — investments in education, manufacturing, research, and transportation and information networks — we’re just waving the white flag of surrender to other countries as they forge ahead in this global economy,” Obama said.
With ALL the subsidizing of business interests, never questioned is WHO OWNS the resulting productive capital asset investments financed with taxpayer extractions and national debt. The rich get richer, while the subsidizing is defended on the basis of CREATING JOBS! Keep America’s propertyless serfs for the wealthy ownership class to exploit.
For solutions which would enable financing economic growth with “future savings” and broaden individual ownership of FUTURE productive capital assets see “Financing Economic Growth With ‘FUTURE SAVINGS’: Solutions To Protect America From Economic Decline” at NationOfChange.org http://www.nationofchange.org/financing-future-economic-growth-future-savings-solutions-protect-america-economic-decline-137450624 and at http://foreconomicjustice.org/?p=9206
Support the Capital Homestead Act at http://www.cesj.org/homestead/index.htm andhttp://www.cesj.org/homestead/summary-cha.htm
http://www.latimes.com/business/la-fi-obama-economy-20130726,0,7812549.story
