‘Shovel Ready’ Quote of the Day
New York Times commenter “gram missery,” upon learning, in a Times tease of an upcoming Sunday magazine portrayal of Barack Obama, of the President’s astonishing admission that he, according to the paper, “realized too late that ‘there’s no such thing as shovel-ready projects’”:
Actually everything Obama has said for the last two years is “shovel ready”
Previous Related BizzyBlog post:
- April 13, 2009 — Pencil-Ready Projects: Ohio Is Spending $57 Million of ‘Stimulus’ on Highway Studies, Including a Long-Discredited Metro Cincy Idea (I guess this makes Ted Strickland a visionary [/sarc] –Ed.)
[...] The quote Robert E. Hall can say, “We’re not Japan” all he wants, and try to claim we’re in better shape to absorb economic stress. But in some important ways, we’re in worse shape. No one can credibly deny that the U.S., like Japan, “at first denied the severity of their nation’s problems and then spent heavily on job-creating public works projects that only postponed painful but necessary structural changes.” But a lot of our spending also went to direct transfer payments with no future value, especially in the beginning, as the president himself has admitted that his core early-2009 contention that there were all kinds of shovel-ready projects just waiting to be funded was a load of rubbish. [...]
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