OBAMA ADMITS: “THERE'S NO SUCH THING AS A SHOVEL-READY PROJECT"

"Mr. Obama reflects on his presidency, admitting that he let himself look too much like “the same old tax-and-spend Democrat,” realized too late that “there’s no such thing as shovel-ready projects” and perhaps should have “let the Republicans insist on the tax cuts” in the stimulus."

So says The New York Times in today's weekend magazine. The title of the lengthy interview is, "The Education of a President". How appropriate! I think the title alone speaks volumes.

A few thoughts: The president isn't just an "old tax-and spend Democrat" (as he mentions in the above article). No prior president comes remotely close to him in the tax-and-spend department. He's also not a traditional Democrat. His unwarranted and counter-productive attacks on the private sector, both in words and in actions, are unparalleled.

Other than empty claims using obscure, newly created and non-verifiable phrases such as, "jobs saved or created", not obtained by real world numbers, but "estimated" using ridiculous Keynesian mathematical formulas, virtually everyone knows that the stimulus plan has been an extremely costly ($862 billion) and wasteful joke. So are the president's economic lessons that any third grader with common sense has already learned.

As the video below documents in Obama's own words, ad nauseum, "shovel-ready jobs" were his only reason for passing the stimulus, an imbecilic scheme that, with interest on the borrowed money it took to fund it, will cost trillions of dollars over time:

Other deleterious schemes on the president's wishlist: Cap-and-trade, tax hikes, and of course, more "stimulus" to provide "shovel-ready" jobs.