Showing posts with label shovel-ready. Show all posts
Showing posts with label shovel-ready. Show all posts

Tuesday, June 21, 2011

Stimulus Package a/k/a TARP and "shovel-ready" jobs

I heard President Obama joke: "Shovel-ready was not as . . . uh . . . shovel-ready as we expected..." The problem with that is . . . uh . . . he wasn't very funny!

Why does the POTUS just get a pass on this type of behavior? When the previous president would have been eviscerated for such an insensitive joke/comment.

No sir, the whole "shovel-ready" scam did not even occur; not even sure that GAO could measure what it turned out to be, but jobs did not spontaneously arise out of the vaunted stimulus package.

Was it a way to appeal to the old FDR notion of the WPA work creation on public works and infrastructure projects that admittedly need some work? Even construction jobs are much too sophisticated to just hand some out-of-work-dude a shovel and solve the economy's problems. It was immature and naive to think "shovel-ready" was a viable alternative to the economic woes of the country at that time.

What we need now is not the absence of uncertainty, which is so often written about in the newspapars. The economy needs a rolling-back of much of the Obama legislation and the freeing up of small business to start hiring again. Small business is not "afraid" of uncertainty, in fact, on the contrary, they are afraid of what the anti-business administration has accomplished since 2009.

http://tiny.cc/78ae5 (article link)
By CLIFFORD S. ASNESS (Wall Street Journal)
Suggests that drag on the economy in such legislation as Dodd-Frank and ObamaCare, is what actually slowed down hiring, which is still our most pressing problem, and something that POTUS still is not acknowledging. The economic engine will not run smoothly without full employment. Could the POTUS acknowledge that Keynesian solutions have not worked in the market and work with Congress to throw off the fetters on small business? Either he will, or the voters will force the point.