Obama’s $787 billion teachable moment

Victor Joecks

From the New York Times:

He [Obama] realized too late that “there’s no such thing as shovel-ready projects” when it comes to public works. Perhaps he should not have proposed tax breaks as part of his stimulus and instead “let the Republicans insist on the tax cuts” so it could be seen as a bipartisan compromise.

That’s right. There’s no such thing as a “shovel- ready project.” And we’ve got the unemployment rate to prove it.

After spending another trillion dollars, I wonder what Obama will learn next.