In testimony before the House Oversight and Government Reform committee this morning, the Energy Department’s inspector general admitted Obama’s $820 billion “stimulus” package was ill-conceived and had unrealistic expectations.
The Hill reports:
The Obama administration’s goal of stimulating the economy with “shovel-ready” energy projects was unrealistic, the Energy Department’s internal watchdog said Wednesday.
In testimony before a panel of the House Oversight and Government Reform Committee, DOE Inspector General Gregory Friedman said the department faced a series of logistical hurdles as it worked to dole out $35.2 billion in Recovery Act money for projects ranging from home weatherization to environmental cleanup.
“The concept of ‘shovel-ready’ projects was not realized, nor, as we now have confirmed, was it a realistic expectation,” Friedman said in written testimony.
Democrats continue to insist their Keynesian policies are the solution to getting the economy back on track, even after Barack Obama admitted “shovel-ready was not as shovel-ready as we expected”. In other words, his plan to stimulate the economy by pumping taxpayer money into it to directly create jobs failed.
In fact, Obama is back and trying to get another unfunded, $400 billion+ Stimulus 2.0 through Congress. He and his Democratic allies want us to again fall for the myth that government creates jobs by taking wealth from the private sector to give back to the private sector, minus overhead bureaucratic expenses.


by Stephan Tawney on November 2, 2011