What is the Infrastructure Bank? I think it’s Obama-speak for high speed rail

Every time Obama opens his mouth he mentions the Infrastructure Bank.  He’s been pushing it very hard, along with the all-important patent legislation.  So what is it?

Here’s a detailed explanation of it – (AKA slush fund.)

http://rbo2.com/2011/07/11/obamas-new-deal-scheme-for-an-infrastructure-bank/

He wants the Infrastructure Bank really, really bad.  I believe he wants to use it to get his HIGH SPEED RAIL.  That train is running round and round in his head.

He said in 2009 the following and he has not dropped it.  I think instead of saying high speed rail, he is using Infrastructure Bank or infrastructure and he mentions it every speech he makes.

The United States will seek to develop high-speed rail nationally, President Barack Obama said on Thursday in emphasizing a broader commitment to U.S. infrastructure investment…..http://www.reuters.com/article/2009/04/16/us-obama-rail-idUSTRE53F4DJ20090416

 He has praised China for their high speed rail.  In fact, he is envious of them and the fact they don’t have to bother with congress and annoying little details like that.

Sidebar:

China’s vaunted high-speed rail system is under new scrutiny in the wake of a July 23 train crash that killed 40 people and injured nearly 200 more. The crash followed reports of increasingly-serious concerns about corruption, shoddy construction, and safety risks on the rapidly-expanding system. Now, Chinese officials are scrambling to contain public outrage, and the government has declared a media blackout on the tragedy.  http://www.tnr.com/blog/the-study/93089/chinas-high-speed-rail-disaster-and-the-limits-censorship

Posted:  08.05.11 @ 2:54 p.m.

1 Comment

Filed under Barack Obama, Financial Crisis, politics, President Barack Obama, Uncategorized

One response to “What is the Infrastructure Bank? I think it’s Obama-speak for high speed rail

  1. Pingback: Is Obama classless or just dumb in ignoring protocol? | Can I Just Finish My Waffle?

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