"Shovel-ready was not as 'shovel-ready' as we expected."
On Monday, Obama made the following statement while speaking at a "Jobs Council"
"[i]Shovel-ready was not as 'shovel-ready' as we expected.[/i]"
Gee, who knew that there was no such thing as a "[i]shovel-ready[/i]" project?
Only everyone involved in the public works industry, that's who.
I knew the day Obama announced his stimulas plan that he couldn't possibly actually spend billions of dollars on public works projects on any timetable that would create jobs today or in the immediate future. It's elementary: Public works programs don't get to "shovel-ready" status until well after the funding has been secured. Prior to the funding, you do the preliminary planing, the engineering and cost estimating, then you get public approval, and then you secure the funding. After the funding has been secured, you then do the final engineering, the final environmental impact studies, the land acquisition, and the contract bidding process, all of which typically takes many months and usually years, assuming that nothing holds up the process (like environmentalists contesting the findings of your impact studies, or property owners protesting their assessments, or archaeologists finding an old arrowhead in the project's path, etc.).
Fortunately, less than 6% of the stimulus plan was budgeted for these non-existent "shovel-ready" projects, although they certainly sold it as a much higher percentage.
Unfortunately, these "shovel-ready" expenditures represented the only portion of the Stimulus Plan that had any possibility of resulting in tangible assets, the remainder having been pissed away temporarily maintaining bloated state and local government payrolls with little to show today for the billions spent.
Anyway, this is yet another example of Obama's appalling lack of executive management experience.
Jackson