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May 25, 2012
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May 24, 2012
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May 22, 2012
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Thomas M. Anderson: Walking Away From a Mortgage
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May 21, 2012
Mark Clayton: Cybersecurity: How US utilities passed up chance to protect their networks
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Chris Farrell : Earn Dividends in Emerging Markets with This WisdomTree ETF
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May 18, 2012
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The Kosher Gourmet by Carolyn Malcoun: DIY healthy lunchbox treats: HOMEMADE FRUIT BARS for kids and brown-bagging adults alike
May 17, 2012
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Steven Goldberg: Earn Dividends in Emerging Markets with This WisdomTree ETF
Amina Khan: Research links coffee to lower death rates
The Kosher Gourmet by Faith Duran : Cheesy Potato Breakfast Casserole with Cheddar and Sun-Dried Tomatoes
May 16, 2012
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Melissa Healy: National strategy on Alzheimer's disease aims to halt it by 2025
The Kosher Gourmet by Joyce White : GOODNESS GRACIOUS: GREENS! 4 winning recipes that are no longer just for down-home folks (Includes expert tips & techniques)
May 15, 2012
Kristen Chick: Obama administration resumes arms sales to Bahrain despite serious unresolved human rights issues. Activists feel abandoned
Pat Mertz Esswein: Homes are now affordable again and mortgage rates are low. What you need to know before you buy
Kathy Kristof: Our Practical Investor Fights Inflation with These 6 Investments
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May 14, 2012
Lisa Gerstner: How to Protect Your Identity, Finances If You Lose Your Phone
Harvard Health Letters: Heart disease and dementia
The Kosher Gourmet by Megan Gordon: MANGO COCONUT OAT MORNING MUFFINS are a bright but hearty delight
May 11, 2012
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Jett Stone: Forget face-lifts and fake knees. Scientists have seen the fountain of youth --- and it's broccoli
The Kosher Gourmet by Chef Mario Batali: The famed chef's vegetable dish that tastes true to the season: FAVAS AND SUGAR SNAP PEAS WITH POTATOES AND TARRAGON
May 10, 2012
Sergei L. Loiko: Putin sends warning to U.S., NATO in Victory Day speech at Red Square
Mary Rourke: How being a 'mentch' got Vidal Sasoon his start and fighting in Israel's War of Independence provided him with confidence and a strong sense of his own identity
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The Kosher Gourmet by Betty Rosbottom: Gleaming with its golden, crimson, and snowy white hues, this silken smooth and creamy STRAWBERRY ORANGE TRIFLE looks impressive, but is easy to prepare
May 9, 2012
Sharon Palmer, R.D. How you can reduce your risk -- or delay -- chronic diseases associated with aging
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Jewish World Review
June 21, 2011 / 19 Sivan, 5771
A Shovel-Ready Punch Line
By
Jonah Goldberg
http://www.JewishWorldReview.com |
"Shovel-ready was not as ... uh ... shovel-ready as we expected," Barack Obama joked the other day at a meeting of his Council on Jobs and Competitiveness.
Republicans jumped on Obama's comment as insensitive. "He joked about the wildly mistaken predictions he and others at the White House made a couple of years back about the job-creating potential of the stimulus," said Senate Minority Leader Mitch McConnell. "Well, I don't think the 14 million Americans who are looking for jobs right now find any of this very funny."
I'm sure they don't, but the fact that the president laid an egg when he tried to be self-deprecating isn't the scandal here.
After all, Obama has pretty much said the same thing several times. In a New York Times magazine profile last October, the president admitted he had to learn the hard way that there's "no such thing as shovel-ready projects."
This is a staggering indictment of the president, the team he assembled and the journalists who accepted this administration's arrogant assertions that they knew exactly what to do, how to do it, and what would happen as a result. Remember, this is the administration that to this day insists it is "pragmatic" and simply cares about "what works."
"I think we can get a lot of work done fast," President-elect Obama said shortly after gathering of governors in December 2008 "All of them have projects that are shovel-ready, that are going to require us to get the money out the door."
Jared Bernstein, the economic advisor to Vice President Joe Biden -- the White House's point man on the stimulus -- said in a cable news interview in February 2009: "I think what people need to understand is that this really isn't rocket science." Spend a bundle on public works projects and -- boom -- you get a lot of people working.
They were wrong.
They were wrong not just about the effect of infrastructure spending -- even an analysis by the Associated Press found no evidence unemployment was significantly improved by the Recovery Act's public works projects -- but they were wrong about the existence of shovel-ready jobs in the first place. (They were also misleading, since only a tiny, tiny fraction of the stimulus went to any infrastructure at all. The bulk went to social programs.)
Back in October, when Obama admitted that he had to learn on the job that shovel-ready jobs don't exist, then-Democratic Pennsylvania Gov. Ed Rendell -- a leader in the push for the stimulus -- told the New York Times it was all a terrible misunderstanding. "When we said 'shovel ready' we meant 'shovel ready' in the way we do things." He added, "I don't think we meant to be deceptive."
You've got to love the "I don't think" there.
The "way we do things" involves endless paperwork, union regulations, environmental red tape and the like. That's why it only took 410 days to build the Empire State building and 16 months to build the Pentagon but nearly 20 years to complete Boston's Big Dig. Lord knows how long it will be for the government to finish work on Ground Zero.
The point is that the president and his team came into office insisting that they were on top of things and above mere ideological considerations. When confronted with skepticism about the existence of "shovel-ready" projects, they in effect rolled their eyes and scoffed at the backseat drivers.
But they were the ones who were blinded by ideology. One need not be an ideologue to understand that public works contracting has become bloated and inefficient. Indeed, one must be an ideologue of a certain kind not to understand that. Or one has to be incredibly naive. Or both.
Perhaps that's why Obama's real economic agenda never changed to fit the economic crisis. During the campaign he promised to reform health care and fight for a green economy. After the financial crisis, the "pragmatist" stuck to his outdated agenda, saying -- surprise! -- what the economy needs is the same agenda he promised before. So while he kept saying he was obsessed with job creation, he spent all of his political capital on health care reform and energy. All the while, the White House tries to spin its agenda as something it's not.
For instance, you know where this jobs council meeting took place? At Cree Inc., an LED light bulb maker. Under the supposedly jobs-boosting stimulus, Cree received $5.2 million. According to Recovery.gov, that $5.2 million created 3.02 jobs. That's $1,716,171 per job.
There's a funny joke in there somewhere, but I don't think Obama wants to tell it.
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