Commentary Remember those “shovel-ready jobs” promised by the Obama-Biden administration in 2011? When many failed to appear after passage of this spending boondoggle, President Obama joked, “Shovel-ready was not as shovel-ready as we expected.” That law, noted Citizens Against Government Waste (CAGW), cost $787 billion, of which $48 billion was supposed to go for infrastructure. It was disingenuously called the American Reinvestment and Recovery Act. Harvard economist Martin Feldstein calculated that each job created would cost taxpayers $200,000. When asked about this statistic in a Sept. 26, 2011 interview with ABC News, Treasury Secretary Timothy Geithner did not dispute the figure, saying, “the price tag is the wrong way to measure the bill’s worth.” We’re hearing similar assertions about the new law. Welcome to “shovel-ready 2.0” and another swindle that has just been perpetrated on us in the name of “infrastructure.” Swindle means “to obtain by fraud or deceit.” The administration and congressional Democrats claim the bill …
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