(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.
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Comments
Excellent post, as usual, Professor. And to tweak Henny Youngman's famous one liner a bit, "Take my shovel – please."
Perhaps the shovel-ready term refers to the grave-diggers that the gov will need to bury all the senior citizens that don't pass the death panel viability outlines.
Infuriating. Thanks Michael for the post. A ton of stuff is happening today, from the DOW plunging 190 pts. to make for 6 straight down weeks on "unexpectedly" bad economic data, rioting in Athens and the PM is set to resign, national strikes in UK, things can't go on this badly for much longer.
Shovel ready – as in cleaning out barn stalls behind (male) cattle. The entire statist-progressive agenda is shovel ready – from AGW to the UN to the Regulatory State. Decades of this stuff rotting, piling-up, fouling everything it touches.
Indeed! Shovel-ready.
862 billion dollars and thats the best joke they can come up with?