“Infrastructure has the benefit of for every dollar you spend on infrastructure you get a dollar and a half in stimulus because there are ripple effects from building roads or bridges or sewer lines,” Mr. Obama said in the Times magazine piece. “But the problem is, is that spending it out takes a long time, because there’s really nothing — there’s no such thing as shovel-ready projects.”
I couldn't begin to count the number of times that the Big O used the term "shovel ready" when selling the stimulus package. Which begs the question: Was he lying, or just ignorant/incompetent?
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