Obama jokes about his failed economic program: ‘Shovel-ready was not as … uh … shovel-ready as we expected’

The question here is: Did Obama and his team know there were no shovel-ready projects when he was selling us this snake-oil? Or was he lied to . . . and then just unwittingly passed the lie onto us?

Of course, even if there had been shovel-ready projects, what would this have really done for the economy?

These projects don’t create permanent jobs. And very often the projects really aren’t needed. They are make-work jobs, not real jobs.

What’s needed are new business-start-ups that create real jobs that are permanent . . . because they’re jobs the market tells us actually need doing.

Almost all new jobs are created by small business — especially new business start-ups. But hardly any businesses are starting up in the Obama economy.

He thinks that’s funny. Are you laughing?

FOX NEWS: President Obama’s Council on Jobs and Competitiveness met today in Durham, NC at Cree Inc., a company that manufactures energy-efficient LED lighting. One of the Council’s recommendations to President Obama was to streamline the federal permit process for construction and infrastructure projects. It was explained to Obama that the permitting process can delay projects for “months to years … and in many cases even cause projects to be abandoned … I’m sure that when you implemented the Recovery Act your staff briefed you on many of these challenges.”

At this point, Obama smiled and interjected, “Shovel-ready was not as … uh .. shovel-ready as we expected.” The Council, led by GE’s Jeffrey Immelt, erupted in laughter.

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