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My letter to Adam Green at Bold Progressives--June 15--suggested that we encourage the creation of an American National Infrastructure Job Recovery Bank. A bill for an infrastructure "bank" has been sitting in Congress for months, and Dylan Ratigan, Fareed Zacharia [MSNBC] and we should begin to "beat the drum" for it. Ratigan Ranted about it a day or two ago.

I don't hear Barack Obama raising Hell about it. He doesn't have the balls to tell corporate America to DEMAND that Congress pass this legislation.

http://www.msnbc.msn.com/...

Why are these bold ideas not trumpeted by President Obama? Why does he NOT raise Hell that Congress has not acted on it? Is he--Is everybody in government--“owned” by mega-corporations and Wall St. and Washington, D.C. lobbyists? Or does he simply think that it is not "cool" to use the BULLY PULPIT to do what is RIGHT for America?

"Hey, I'm not a bully," Obama said. That's the problem, Sir. Republicans think you're a wimp, so they treat you like one. We elected you to fight for us. What do you do? You let them bully you. Bully us. You hand over "your lunch," our lunch, goddamn it, and they come back the next day, too. What do you do? You smile. You think you've "gotten along with the Republican bullies."

That's not a president. You're not presiding over them. You're not not presiding over anyone or anything; you're relinquishing the AUTHORITY that we gave you to FIGHT FOR US.  

George Carlin said it years ago:

http://video.search.yahoo.com/...

These ideas are not esoteric: Fareed Zacharia suggested an infrastructure Bank last month. A bill languishes in Congress. American corporations hold in excess of $1.5 trillion in profits in foreign banks. Not to bring these gains back to the USA, where they could be invested in public projects, ought to be criminal.

My suggestion?

Yolk together these ideas:

1. create a National Infrastructure Job Bank and

2. repatriate the $1.5 trillion in corporate profits that are held hostage overseas (yes, give the corporate bastards a tax break for bringing back those funds) and deposit a trillion or two into the infrastructure job bank.

Invest these funds exclusively to create JOBS in the USA. Otherwise, George Carlin's satirical barbs will prove to be not satire and socio-political criticism but history.

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Comment Preferences

  •  Tip Jar (1+ / 0-)
    Recommended by:
    artr2

    "The most dangerous hypocrite in a Commonwealth . . . A man compounded of law and gospel is able to cheat a whole country with his religion and then destroy them under color of law." ~ B. Franklin, New England Courant, July 16, 23, 1722 (Age 16)

    by Domenic on Wed Aug 10, 2011 at 03:31:50 PM PDT

  •  Obama has suggested such a bank. (6+ / 0-)

    One has been introduced in the Senate, co-sponsored by Kay Bailey Hutchison.

    The questions is:  what are people going to do to make it happen?

    "[R]ather high-minded, if not a bit self-referential"--The Washington Post.

    by Geekesque on Wed Aug 10, 2011 at 03:34:55 PM PDT

  •  Good grief (4+ / 0-)
    Recommended by:
    snackdoodle, flhiii88, BachFan, Domenic

    talk about not paying attention. You do realize there has been such a bank bill sitting in Congress for months. And President Obama has asked Congress to move on it time and time again.

    If you are going to bitch at least line up your facts before you do.

    In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

    by jsfox on Wed Aug 10, 2011 at 04:17:36 PM PDT

    •  this is what happens when you rely on the MSM and (2+ / 0-)
      Recommended by:
      flhiii88, Domenic

      KOS for your news, LOL

      •  this ignorance does not deserve a Reply (0+ / 0-)

        "The most dangerous hypocrite in a Commonwealth . . . A man compounded of law and gospel is able to cheat a whole country with his religion and then destroy them under color of law." ~ B. Franklin, New England Courant, July 16, 23, 1722 (Age 16)

        by Domenic on Thu Aug 11, 2011 at 12:39:10 PM PDT

        [ Parent ]

    •  Right but.. (1+ / 0-)
      Recommended by:
      Domenic

      you are missing the point. He is not leading on the issue. If he truly wants it passed, he needs to go to the American people and tell them that he has a plan for them but they are being held up by Republicans!

      The point is HE IS NOT LEADING ON THE RIGHT ISSUES! Why is he spending so much time on the debt?!?!

      •  No I am not (1+ / 0-)
        Recommended by:
        Domenic

        missing the point. You and others have not been paying attention. Which is what happens when you are so focused on finding fault. It starts popping up where none exists.

        In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

        by jsfox on Wed Aug 10, 2011 at 07:41:04 PM PDT

        [ Parent ]

        •  Well look, I've seen the stuff (1+ / 0-)
          Recommended by:
          Domenic

          about his Infrastructure Bank. But I had to search for his proposal. That means that most Americans will have to search for it which is not happening. People don't see it. Those are the people he needs to vote for him. If he doesn't start fighting like hell, he is toast! Sorry but that's the truth. Fortunately, he still has a long time to turn this stuff around!

          I'm not finding fault, I'm just presenting the reality. Look, I'll vote for Obama in 2012 regardless. But unfortunately, my vote alone will not lead to his win. He needs not only to talk about what he wants but he needs to start taking action and show the American people that he is trying but Republicans are obstructing. Please enlighten me by show me on what occasions he has done this? I don't see it. I could be wrong. I'll wait for your response.

    •  Fuck Congress . . . (0+ / 0-)

      . . . and I'll bitch all I want. Obama should have the balls to do it by executive order and let the goddamned Supreme Court Rule on it.  Make it fucking happen.  Or are you a wimp, too?

      "The most dangerous hypocrite in a Commonwealth . . . A man compounded of law and gospel is able to cheat a whole country with his religion and then destroy them under color of law." ~ B. Franklin, New England Courant, July 16, 23, 1722 (Age 16)

      by Domenic on Thu Aug 11, 2011 at 12:27:05 PM PDT

      [ Parent ]

    •  Oh, my! Has he ASKED Congress? Really? (0+ / 0-)
      And President Obama has asked Congress to move on it time and time again.

      Has he cried in public and gotten on his knees and begged in prime time for Congress to please, pretty please, to give him what he wants? To give us what we want? Has he?

      He's asked Congress?  Are you serious? Are you one of those wimps that advises the president not to put anything in front of Congress because it will fail.  Christ! Let it fail. LET IT FUCKING FAIL and let the Republicans get the g.d. blame for it and then BREAK EVERY LAW ON THE BOOKS AND MAKE WHATEVER IT IS THAT HAS TO HAPPEN HAPPEN!

      Roosevelt tried to stack the Supreme Court. Why the fuck not? Why is Obama not a winner?  I'll tell you why: to win, you have to be IN THE RING.  

      "The most dangerous hypocrite in a Commonwealth . . . A man compounded of law and gospel is able to cheat a whole country with his religion and then destroy them under color of law." ~ B. Franklin, New England Courant, July 16, 23, 1722 (Age 16)

      by Domenic on Thu Aug 11, 2011 at 12:37:56 PM PDT

      [ Parent ]

  •  It's called the Bully Pulpit (1+ / 0-)
    Recommended by:
    Domenic

    and Obama knows how to use it...

    will he?

    “ Obama plays a dangerous game. The chessboard has taken on unforseen dimensions. ”

    by ozsea1 on Wed Aug 10, 2011 at 04:30:25 PM PDT

    •  And someone else who has ADD (3+ / 0-)
      Recommended by:
      snackdoodle, flhiii88, Domenic

      I have lost count how many times Obama has talked about  this bill asked Congress to pass it since the SOTU.

      The Republicans won't do it so I suggest you pick up the phone call them and start pounding on them and not Obama over this one.

      In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

      by jsfox on Wed Aug 10, 2011 at 04:55:14 PM PDT

      [ Parent ]

      •  Really? (1+ / 0-)
        Recommended by:
        Domenic

        Tacky and HRable -

        I suggest you not use ADD as a slur or insult.

        Reported to adm.

        “ Obama plays a dangerous game. The chessboard has taken on unforseen dimensions. ”

        by ozsea1 on Wed Aug 10, 2011 at 05:09:51 PM PDT

        [ Parent ]

      •  You call the Republicans . . . (0+ / 0-)

        . . . I didn't vote for them, and I didn't elect them to Represent me.

        "The most dangerous hypocrite in a Commonwealth . . . A man compounded of law and gospel is able to cheat a whole country with his religion and then destroy them under color of law." ~ B. Franklin, New England Courant, July 16, 23, 1722 (Age 16)

        by Domenic on Thu Aug 11, 2011 at 12:55:01 PM PDT

        [ Parent ]

    •  WRONG. (0+ / 0-)

      It's called the Bully Pulpit, and Obama does NOT know how to use it. He couldn't bully BECAUSE he's a gentleman. It's not the gentlemanly thing to do. He'll talk, orate, and compromise, but he'll not confront, and he'll certainly NOT bully. Not bully Congress. Not bully anybody. It's not in his nature to do so. He's never "won" by confrontation, and he's not about to begin to do so now.

      OPINION   | August 07, 2011
      Opinion:  What Happened to Obama?
      By DREW WESTEN
      There was a story the American people were waiting to hear - and needed to hear - but he didn't tell it.

      If you missed Westin's analysis of Obama's "personality," do yourself a big favor and STUDY it.

      http://www.nytimes.com/...

      "The most dangerous hypocrite in a Commonwealth . . . A man compounded of law and gospel is able to cheat a whole country with his religion and then destroy them under color of law." ~ B. Franklin, New England Courant, July 16, 23, 1722 (Age 16)

      by Domenic on Thu Aug 11, 2011 at 12:52:25 PM PDT

      [ Parent ]

  •  you just invented john kerry's BUILD act (2+ / 0-)
    Recommended by:
    flhiii88, Domenic

    Which I will write about next week

    For those of you who prefer Bartlett to Obama, re-watch the West Wing. For those who prefer Clinton, re-watch old news videos.

    by Ptolemy on Wed Aug 10, 2011 at 05:02:14 PM PDT

  •  Bank was great idea (2+ / 0-)
    Recommended by:
    lakehillsliberal, Domenic

    two years ago. It would have created both a supply and a demand for real shovel ready jobs. Obama wants to get re-elected now however and policy will be driven by that desire. It is too late for the bank to create jobs between now and election day and we already shot the money with the stimulus 1 & 2.

    It would be nice to confiscate the money but it isn't legal.

    •  Thanks, Mr. T. (0+ / 0-)

      I don't believe that it will ever be too late for a president of the USA to "confiscate" or to threaten to "confiscate" or "appropriate" $1.5 trillion in corporate overseas banks -- legally or illegally -- to deposit into an American National Infrastructure Job Bank to create JOBS.  He's the goddamn president of Free World and we're all facing an international meltdown. Act! For Christ's Sake. Act!

      Is there no Democrat or Independent to challenge the president to Act? Is there none to LIGHT A FIRE UNDER HIM AND MAKE HIM DO WHAT HAS TO BE DONE. The critics of Obama had it right: it is a failure of LEADERSHIP. It is difficult for Barney Frank and Bernie Sanders to say so, but they are struggling not to bring HIM down but to encourage HIM to buckle up. AND FIGHT.

      Sadly, the Man does not know how to do so.  He's NOT IN THE RING, and does not know his corner.

      "The most dangerous hypocrite in a Commonwealth . . . A man compounded of law and gospel is able to cheat a whole country with his religion and then destroy them under color of law." ~ B. Franklin, New England Courant, July 16, 23, 1722 (Age 16)

      by Domenic on Thu Aug 11, 2011 at 01:08:11 PM PDT

      [ Parent ]

      •  well that may be true (0+ / 0-)

        about his leadership in some instances but you still have laws and a constitution to abide by. He isn't a king. Either laws have to change regarding the overseas profits/tax structure or policies that provide an incentive for corporations to keep their earning here and exposed to the taxes here are necessary

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