Thursday, July 21, 2011

I hope the US Infrastructure Bank secures jobs for Americans with sincere American Small Business.

There should be regulation controlling these funds to be used by American Small Businesses who hire American citizens.  This fund should not be contaminated by large corporations that spend their income abroad and rob Americans of the right to have investment in their own country.  Small American Businesses keep their profits in the USA.  Yes, it is protectionist.  You Betcha it is.  


The United States of America infrastructure protections and development should have the dignity of receiving the best the USA has to offer from its own people.


...U.S. Chamber of Commerce President and CEO Thomas J. Donohue and AFL-CIO President Richard Trumka,(click title to entry - thank you)  who also attended the event, underscored the unique coalition of business and labor uniting around this initiative....

The USA Infrastructure Bank became a high priority to President Obama three years ago.  The demand by states for monies from the Recovery Act was a clear indication such a bank was necessary.  


There is a potential there is interest from private capital to support the Bank.  Carlyle is among the investment firms seeking to be a part of the venture.

...President Barack Obama (click here) has pledged to create a national infrastructure bank since first running for the highest office three years ago. Obama renewed his push with the budget he proposed in February by requesting that Congress put $5 billion a year for six years into establishing a bank....