(by Michael Alan)
Oh look, he made a funny:
But when he was selling the $800 billion stimulus both before and in the months after it was passed, all he could say was “shovel-ready”:
Last October, the President first denounced the use of the term “shovel-ready”:
Mr. Obama reflect[ed] on his presidency, admitting that he let himself look too much like “the same old tax-and-spend Democrat” [and] realized too late that “there’s no such thing as shovel-ready projects.”
What was he referring to, then, when he said two weeks after the stimulus passed that “shovels were hitting the ground”? Or when he promised that his administration was ensuring that “shovel-ready actually means shovel-ready”? Did he simply “realize too late” that the spending wouldn’t actually take unemployment anywhere near below 8%?
I guess I should remember that we’re dealing with a party that defines 9.1% unemployment as an economic turnaround.
By the way, if you’re wondering who that is next to the President laughing hysterically over the wasting of your $800 billion . . . it’s GE CEO Jeffrey Immelt, whose company reaped huge revenues from the stimulus thanks, in part, to big “shovel-ready” infrastructure contracts and still cut American jobs following the stimulus passing.
What a wonderful Recovery Summer II (the recovery so nice we had to do it twice!) it has been . . . but don’t worry, he’s got the root of the problem figured out now.