"Here is an embiggened version of the infamous jobs chart prepared by Obama administration economists Jared Bernstein and Christina Romer back in January 2009 (and now updated again by me with data from the August jobs report)."
Obama: "No Such Thing as Shovel-Ready Projects"
"With unemployment hovering near 10 percent nearly two years after President Obama signed his economic stimulus package, Mr. Obama is acknowledging that, despite his campaign promises, 'there's no such thing as shovel-ready projects.'
The president gave that remark in an hour-long interview with the New York Times.
Mr. Obama also told the Times that he should have 'let the Republicans insist on the tax cuts' in the stimulus, rather than including them himself, so the package would have seemed more like a compromise. The stimulus package, which the Congressional Budget Office said this year will cost $862 billion, included $236 billion in tax cuts. Nevertheless, the president said in the interview that he comes across as 'the same old tax-and-spend Democrat.'"
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