Obama just called for a $50 billion long-term ‘investment’ in the nation’s roads, railways and runways.

The ‘investments’ are part of, “a package of targeted proposals…in hopes of jump-starting the economy ahead of the November election.”

Elections will jump-start the economy?

Team Obama explains their infrastructure proposal to the Serfs, “Spending would be front-loaded with an initial $50 billion to help create jobs in the near future.”

‘Front-Loaded.’ How whimsically imaginative in a brain-dead sort of way.

“The goals of the infrastructure plan include: rebuilding 150,000 miles of roads; constructing and maintaining 4,000 miles of railways, enough to go coast-to-coast; and rehabilitating or reconstructing 150 miles of airport runways, while also installing a new air navigation system designed to reduce travel times and delays.”

Great. How do we pay for all of this?

“Obama will also call for the creation of a permanent infrastructure bank that would focus on funding national and regional infrastructure projects.”

Apparently ‘infrastructure banks’ virtually eliminate the need for any government spending. Brilliant.

“Administration officials wouldn’t say what the total cost of the infrastructure investments would be.”

Naturally.

“Officials said this infrastructure package differs from the stimulus because it’s aimed at long-term growth, while still focusing on creating jobs in the short-term.”

Silly Americans, thinking the first $700 billion stimulus was for ‘creating jobs’ and whatnot.

“With the unemployment rate ticking up to 9.6 percent, and polls showing the midterm elections could be dismal for Democrats, the president has promised to unveil a series of new measures on the economy.”

OK, we get it already: Elections + Insurmountable Debt – Previous Stimulus = Jobs

Read more: HERE

First $700 billion stimulus: HERE

Other stimulus uses: HERE

Hat tip: Drudge