Monday, January 11, 2010

Hmm. Apparently, the Chosen One misspoke when he authorized $787 billion economic stimulus package that was almost all construction projects. Remember? He told us that repairing bridges and roads would put Americans back to work, and America's college graduates and laid off investment bankers would flock--FLOCK, I say--to these construction jobs. As I predicted back in March, it didn't happen.

According to an AP story:

Spend a lot or spend nothing at all, it didn't matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama's argument that more road money would address an "urgent need to accelerate job growth."

Bush tried the same ploy during his administration and we called him stupid. A Democrat does it and gets a Nobel Prize.

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