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View Full Version : Economics Stimulas & shovel ready ?


ROYC75
06-14-2011, 01:31 PM
Hardly, the bolder part is what scares me .......

Obama's 'Shovel-Ready' Joke Draws Criticism, Corrections
Published June 14, 2011
President Obama speaks at the beginning of a meeting with the Jobs and Competitiveness Council June 13 in Durham, N.C.

AP

President Obama speaks at the beginning of a meeting with the Jobs and Competitiveness Council June 13 in Durham, N.C.

The White House defended its record Tuesday on the stimulus after facing a heap of criticism over President Obama's joke a day earlier that "shovel-ready" projects in the stimulus bill weren't so shovel-ready after all.

The president's wisecrack came during a meeting in North Carolina with his jobs council. After hearing concerns about how the permitting process delays construction, Obama smiled and said: "Shovel-ready was not as shovel-ready as we expected."

The joke -- a reference to the pitch used by the Obama administration to push the stimulus plan in 2009 -- elicited chuckles from other members of the jobs council.

But Republicans weren't laughing Tuesday, noting that unemployment is higher now than when Obama signed the stimulus.

"I don't think it's a joke to the millions of Americans who find themselves unemployed," House Speaker John Boehner said.

On Tuesday, the administration said despite the joke, the shovel-ready projects met the administration's goals.

An administration official cited an internal report from last fall saying the stimulus program had met its goal of having 70 percent of its funding "outlayed and delivered in tax relief" by the end of September. Further, the report said the program "met every spending deadline Congress set" for obligating stimulus dollars.

Former White House Press Secretary Robert Gibbs said at the time that while some projects did not start as quickly as hoped, more than 75,000 "job-creating projects" ultimately got off the ground.

The latest administration statistics show that as of early June, 75 percent of contracts, grants and loans through the stimulus have been paid out.

Last summer, the administration claimed the $830 billion stimulus plan "saved or created" 3.6 million jobs. Though such a claim would be impossible to verify, the shovel-ready projects did not prevent the unemployment from pitching skyward.

The administration had pledged the stimulus would keep unemployment below 8 percent. But the jobless rate has gone from 8.2 percent when Obama signed the stimulus in early 2009 to 9.1 percent last month. The number of employed people in the United States has also fallen by nearly 2 million since that time, according to the Bureau of Labor Statistics.

A new Gallup poll shows confidence in the U.S. economy plunging, dipping below where it was one year ago. Given this and other recent economic data, Republicans seized on the president's comment.

Former Massachusetts Gov. Mitt Romney, a 2012 presidential candidate who hammered Obama's economic record at a debate Monday night, singled out Obama's joke in a section of his campaign website -- calling it a "hollow" attempt at humor.

House Republican Leader Eric Cantor's office also blasted out a string of emails.

"The nation needs serious pro-growth solutions from the president ... not jokes," Cantor's office said, pointing to one report that showed small business owners growing more pessimistic and two-thirds of them saying it's a bad time to expand. The information came from the National Federation of Independent Business.

Read more: http://www.foxnews.com/politics/2011/06/14/white-house-under-fire-for-shovel-ready-joke/#ixzz1PHOuOigY
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Where are the jobs ?

Direckshun
06-14-2011, 01:38 PM
I didn't read the topic, but the issue is fascinating to me.

Creating an infrastructure bank to specifically address infrastructure projects would go a great way to creating jobs (and thus creating demand for the economy, and revenue to attack the deficit), and it would go a loooooooong way to cutting the pork out of the process.

http://cnn.com/video/?/video/world/2011/06/13/gps.fareeds.take.america.jobs.cnn

HonestChieffan
06-14-2011, 01:41 PM
In the end we will see the money never did go for new projects. When state budgets are being slashed and layoffs of state and local employees start up, then you will know the money was sucked up and spent by government on government.

blaise
06-14-2011, 02:03 PM
The health care bill instantly created 400,000 jobs, right?

Barak Obuttocks
06-17-2011, 06:42 AM
Ya'll just don't appreciate hope and change. Ya'll is haters.

Chief Faithful
06-17-2011, 12:24 PM
“There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don’t go to a bank teller, or you go to the airport and you’re using a kiosk instead of checking in at the gate. So all these things have created changes. . . .” - Obama

Saul Good
06-17-2011, 01:12 PM
I didn't read the topic, but the issue is fascinating to me.

Creating an infrastructure bank to specifically address infrastructure projects would go a great way to creating jobs (and thus creating demand for the economy, and revenue to attack the deficit), and it would go a loooooooong way to cutting the pork out of the process.

http://cnn.com/video/?/video/world/2011/06/13/gps.fareeds.take.america.jobs.cnn

I would have supported something like this more than what we had, but it is still important to note that even infrastructure jobs are temporary. When the project ends, the job ends.

Stewie
06-17-2011, 03:11 PM
I didn't read the topic, but the issue is fascinating to me.

Creating an infrastructure bank to specifically address infrastructure projects would go a great way to creating jobs (and thus creating demand for the economy, and revenue to attack the deficit), and it would go a loooooooong way to cutting the pork out of the process.

http://cnn.com/video/?/video/world/2011/06/13/gps.fareeds.take.america.jobs.cnn

I only accidentally read your posts. You are a first class moron.

Barak Obuttocks
06-17-2011, 04:34 PM
I only accidentally read your posts. You are a first class moron.

That's my constituent. :thumb:

HonestChieffan
06-17-2011, 06:39 PM
I only accidentally read your posts. You are a first class moron.

In his defense, there are a bunch of second and third class morons who believe that same goofy stuff.