Wednesday, September 14, 2011

Reptile Obama's infrastructure decisions constitute economic demolition

As of this week, barely $400 million is in the Disaster Relief Fund (DRF), administered by FEMA, but even that piddling amount is still there, only because of the Obama policy of suspending, stalling or abandoning billions of dollars of commitments and potential rebuilding projects over the past two years. There are unpaid aid projects worth that much and far more. There are dozens of instances of "de-obligations" by FEMA, for vital logistics follow-through (sewer systems, bridges, power lines, dams, levees, etc.). The physical infrastructure base of the nation is now disintegrating.
The interstate highway system requires urgent restoration at several points. For example, Interstate 29, going north-south from Canada to Kansas City, has had closures for two months. In the east, Interstate 81, from Canada to southern Virginia, has several sections washed out in New York and Pennsylvania. In Vermont and New England, Interstates 89 and 91 from Canada south, and several other arteries, have broken links. Secondary roads are likewise damaged, or destroyed, in many states. Small towns remain cut off, or accessible only by the most round-about routes.

The controlled demolition of the WTC with thousands of people inside is Obama's inspiration for deliberately allowing the fundamental support structures of the economy to crumble. He knows that the added cost to the economy caused by delaying this work will drive another nail in its coffin, and that even when it's done (probably in the run-up to the election, to create the impression of a recovery), we will lack the physical basis for a real recovery and will only be able to tread water for a little longer. Solyndra, which put us on the hook for another $500M and produced nothing, is a prime example of Obama's idea of "infrastructure" spending.