Wednesday, October 26, 2011

Obama History "Fail" Once More

At a fundraiser last night President Obama said:
"We've lost our ambition, our -- our imagination, and -- and -- our willingness to do the things that built the Golden Gate Bridge and Hoover Dam and unleashed all the potential in this country,"

Interesting fact about the Golden Gate (From California Historian):

"This bridge was the first of such magnitude and controversy to be completely financed by private citizens (Gronquist 128-129). All who did contribute money were promised restitution at four and three-fourths percent interest rate within a maximum of 40 years.

It is amazing how successful this way of financing was, considering the effects of the Great Depression."

More importantly the insurmountable level of regulations required to complete a project such as the Golden Gate Bridge or Hoover Dam would kill either of these projects before they even got to the drafting stage.

As Rush Limbaugh said today:
"The people in this country have their imagination. The people of this country still have their dreams and their willingness to do things. You stand in the way. The federal government stands in the way. Mountainous regulations. We did build the Golden Gate Bridge, the Bay Bridge, the Hoover Dam, and the Empire State Building in ten years -- and we did it in the middle of the Great Depression. You couldn't do it today. Regardless the ambition, imagination, willingness, or desire, you couldn't do it in ten years today. Look at Ground Zero in Manhattan. You couldn't do it. I mean, physically it could be done, but it couldn't be legally done."

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