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This Is A Custom Widget

This Sliding Bar can be switched on or off in theme options, and can take any widget you throw at it or even fill it with your custom HTML Code. Its perfect for grabbing the attention of your viewers. Choose between 1, 2, 3 or 4 columns, set the background color, widget divider color, activate transparency, a top border or fully disable it on desktop and mobile.

No such thing as shovel-ready projects

On September 27th the President told Peter Baker of The New York Times:

He realized too late that “there’s no such thing as shovel-ready projects” when it comes to public works.

Yet just three weeks earlier, in a speech to the LaborFest in Milwaukee, the President said:

So, that’s why, Milwaukee, today, I am announcing a new plan for rebuilding and modernizing America’s roads and rails and runways for the long term.

… But the bottom line is this, Milwaukee — this will not only create jobs immediately, it’s also going to make our economy hum over the long haul.

Q1 for Team Obama: If there’s no such thing as shovel-ready projects, how will the $50 B of new infrastructure spending create jobs immediately?

Q2: If shovel-ready projects do exist and are queued up to create jobs immediately, shouldn’t they have been funded already by the stimulus law enacted in early 2009, leaving only the slower-spending projects left to be funded with the new money?

Q3: Given the President’s admission, isn’t the President’s proposal simply a deficit-financed increase in government spending with no immediate macroeconomic benefit?

Election season should not excuse the Administration from justifying its proposals as sound policy.

(photo credit: Office of Governor Patrick)

By | 2015-05-30T06:58:36+00:00 Monday, 18 October 2010|