Shovel-Ready Projects: Obama Admits $862 Billion Was Pissed Away On Idiotic Libthink

We spent 862 BILLION dollars – actually $3.27 TRILLION when you factor in interest and the cost of extending all the programs Obama created – on what even Obama now admits was a completely bogus premise.

Now all we have to wait for is for Obama to realize that his other “success” – ObamaCare – was a dismal failure at best, too.

October 13, 2010 11:45 AM
Obama: “No Such Thing as Shovel-Ready Projects”
Posted by Stephanie Condon

With unemployment hovering near 10 percent nearly two years after President Obama signed his economic stimulus package, Mr. Obama is acknowledging that, despite his campaign promises, “there’s no such thing as shovel-ready projects.”

The president gave that remark in an hour-long interview with the New York Times.

Mr. Obama also told the Times that he should have “let the Republicans insist on the tax cuts” in the stimulus, rather than including them himself, so the package would have seemed more like a compromise. The stimulus package, which the Congressional Budget Office said this year will cost $862 billion, included $236 billion in tax cuts. Nevertheless, the president said in the interview that he comes across as “the same old tax-and-spend Democrat.”

When the president campaigned for the stimulus package at the start of his presidency, he and others in his administration repeatedly insisted the investments would go to “shovel-ready” projects — projects that would put people to work right away. As recently as August, however, local governments were still facing delays spending the money they were allocated from the stimulus, CBS News Correspondent Nancy Cordes reported.

Couldn’t help but laugh at the way Obama phrased a couple of things.  He says he “should have ‘let the Republicans insist on the tax cuts’ in the stimulus, rather than including them himself, so the package would have seemed more like a compromise.”  Because appearances are everything, aren’t they???  And if we’d just pitched it this way, and given Republicans just a tiny little bit of input, then maybe we could have blamed yet ANOTHER liberal-created mess on Republicans.

And “comes across as “the same old tax-and-spend Democrat.”  Do ya THINK???

Obama “comes across as “the same old tax-and-spend Democrat” the way most human beings come across as bipedal hominids.  It’s just pretty much what you are, dude.  I’m sorry you can’t bring yourself to see the real picture when you look in the mirror:

Gold reached the highest constant-dollar value ever recorded during the last year of the Carter administration.  Adjusted for inflation, that is a much better price than the new all-time-high we just saw today under Barry Hussein.  By the time Obama leaves office in utter disgrace, you can rest assured that gold will be in the stratosphere, as desperate investors look for anything that Obama can’t ruin.

One picture says a thousand words about the two times when gold shot through the roof:

And those thousand words can only describe the failure of Democrats, given the fact that not since the Carter years have Democrats had so much power in Congress.  And not since the Carter years have we seen such miserable failure.  And – while many people have bought the liberal media lie that Bill Clinton was a successful president – the truth is that Bill Clinton was such a dismal failure that he suffered the worse ever (until NOW) political defeat in American history in 1994.  That was the year of the “Republican Revolution” that swept Republicans into power in numbers never before seen.  It was those Republicans – and not Bill Clinton – who generated the economic success that led to the balanced budget that Republicans promised as the number one plank in the “Contract with America.”

Enter that old Carter “malaise,” that old Carter “crisis of confidence,” as the American people finally come to realize that their president knows less about how the economy works than most of them know about brain surgery.

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