...the Infrastructure Bank can relay the foundation of our economy through progressive long term projects that are synced up with a medium term business cycle - allowing firms to plan ahead, which is essential for retaining and creating good jobs. Investing in what will make America competitive, a job producer, a promoter of equal opportunity, and an ensurer of national security.
What an undisciplined argument this is. Platitudes without logical basis and specious cause and effect arguments. But it gets worse. Likosky continues:
On February 13, 2008, then-Senator Obama had first announced the Infrastructure Bank on the factory floor of the General Motors Assembly Plant in Janesville, Wisconsin as a campaign plank. The speech marked, at the time, a pivot by Obama away from the sole candidate to have opposed the Iraq War and toward positioning himself as the champion of America's economic recovery. In this landmark speech, Obama argued for redirecting our energies away from reconstructing Iraq and toward reinvesting in America.
This piece of revisionist history is beyond the pale. As reported elsewhere, this speech was a token gesture by then Candidate Obama in return for Senator Dodd (D - Connecticut) withdrawing from the Presidential Race. Soon after, then Senator Obama became an official sponsor of Senator Dodd's proposed legislation. The purpose of this bill should be obvious. It is an attempt by the delegation of Connecticut to get more funding for their very unpopular, federally subsidized railroad system. This was no landmark speech and the President was so committed to this proposal that his colossal stimulus bill, which contained nearly every other Democratic bill introduced since President Clinton left office, omitted the bank.
Don't believe intellectually dishonest people like Dr. Likosky. Urge your elected representatives to reject the unconstitutional National Infrastructure Development Bank.
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