Obama Panders to Unions For Votes In The Upcoming Mid Term Elections

Obama Campaigns for Democrats on New Infrastructure Investment Plan

Speaking to a crowd of union employees at Laborfest in Milwaukee, the president offered a six-year, front-loaded plan to rebuild 150,000 miles of our roads, lay 4,000 miles of railways and restore 150 miles of airport runways.

The proposal also calls for a strategy to build a national high-speed rail network and create an "infrastructure bank" that uses competitive measures to determine which projects receive funding rather than earmarks and grants.

The president said the project will be paid for -- assuming congressional support -- with tax hikes on oil and gas companies and will cut waste and bureaucracy by consolidating more than 100 duplicative programs.

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Our Analysis

His plan to spend another $50 billion to help small business is viewed with scepticism. Just as in the Green Jobs Act, watch for regulations that that will require the money to be tied to union only jobs and projects, which will leave 80% of small construction companies out in the cold.

The President while looking unpresidential with no jacket and no tie and his shirt sleeves rolled up, also used the opportunity to bash Republicans as the party of no which is in fact half correct. Republicans have become the party of no, No to Bad Legislation, Bad Policies, and Careless Spending, which we view as a good thing.

The truth is, their efforts are protecting taxpayers from the careless spending that continues to come from Washington, with no real effect on the economy. Careless spending coming out of this administrations failed attempts at jump starting the economy has resulted in a devastating effect on the countries debt for generations to come.