Understand this, when Obama laughed and said," Turns out the shovel ready jobs were not as shovel ready as we had supposed," no one in the construction trade was surprised. But this admission is not just about "shovel ready jobs." It is about the larger scheme of things, i.e., Obama's plan on saving the economy. Turns out, he had no plan, just a fantastic notion that the jobs were already "out there," waiting for some pointed headed academic to come along and order us back to work.
This "shovel ready" thing was at the heart of his "jobs solution." As such, it cannot be dismissed as a minor happening that did not have serious consequences if, in fact, there were no shovel ready jobs. Filling potholes was never going to be the solution to our problem, but he talked about such things as if they offered meaningful solution.
He wants us to be the "world leader" in weather stripping, the manufacturing of light bulbs and energy windows and solar panels when half the world lives on the side of a road or in a grass hut. The amateur nature of these suggestions is mind numbing. If our economic salvation depends on electric cars, weather stripping, electric windmill motors, window and light bulb manufacturing, well and in the words of Rush, " we are all so screwed."
Anyway, another week with a jobs report that promises us this: there is no end in sight, as we position ourselves, today.
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