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Obama: Shovel-Ready Not as Shovel-Ready as We Expected

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Uploaded on Jun 13, 2011

In January 2009, President Obama engaged in an all out effort pass the massive boondoggle of a so-called stimulus. The Obama Administration made two promises: 1st - the stimulus would prevent the jobless rate from going over 8%; 2nd -- the stimulus would be used on "shovel-ready projects." So what happened? National unemployment peaked at 10.1% in October 2009 and remained at 10% or more for three months. It now stands at 9.1%. And those "shovel-ready" projects? Obama joked today "shovel-ready was not as shovel-ready as we expected."

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