Worth Noting

Obama Overpromised and Undelivered on 'Shovel Ready' Projects

June 13, 2011

It was more than a little jarring when President Obama joked during a meeting with his Jobs and Competitiveness Council in Durham, N.C. on Monday that "Shovel-ready was not as shovel-ready as we expected." Everyone at the head table had a good laugh.

After all, Mr. Obama argued for the $830 billion stimulus that America?s governors ?all?have projects that are shovel ready, that are going to require us to get the money out the door.? And Vice President Joe Biden echoed the President, saying it ?provides a necessary jolt to our economy to implement what we refer as ?shovel-ready projects.?

The Obama White House understood ?shovel ready? conveyed the sense of good construction jobs and that their constant repetition of the phrase would leave the impression the stimulus was mostly about building roads, repairing bridges, constructing runways, and extending rail lines.

But the reality is that only $47.4B ? of 5.7% of the total stimulus ? went towards spending on roads, bridges, railroads, airports and even high speed rail. This was apparent to anyone who even glanced at the stimulus legislation. Surely both the President and the Vice President knew what a small portion of the spending was going to ?shovel ready? projects.

Mr. Obama said unemployment was supposed to be around 6.8% right now because of his stimulus. Instead, unemployment was 9.1% last month.

While Mr. Obama overpromised and undelivered on shovel ready projects, it?s no reason for laughter by him or anyone else. His little joke rings hollow for the 13.9 million Americans out of work today.

This article originally appeared on FoxNews.com on Tuesday, June 14, 2011.

Related Note

Placeholder note
December 21, 2017 |
Worth Noting
The distribution tables from the Joint Committee on Taxation (JCT) for the tax reform bill passed by Congress give the lie to Democratic claims that the legislation is a big tax cut for the 1% and the shaft for the middle class. According to my for...
Placeholder note
November 02, 2017 |
Worth Noting
...
Placeholder note
October 12, 2017 |
Worth Noting
From The Lindsey Group - Tax Reform and the Swamp: The Empire Strikes Back Last Thursday, recently confirmed CEA Chair Kevin Hassett (a TLG alum) gave a speech at the Tax Policy Center (TPC). The speech highlighted a number of significant discrepanci...
E48e14a47cf3a760225450b52a434c2d
October 02, 2017 |
Worth Noting
Brian Balogh sits down with Republican political strategist Karl Rove to talk about his book, “The Triumph of William McKinley: Why the Election of 1896 Still Matters.” They also discuss Rove’s former boss President George W. Bush, the election of 2016, a...
Button karlsbooks
Button readinglist
Button nextapperance