by Pejman Yousefzadeh on June 13, 2011

President Obama on the $787 billion stimulus package passed in 2009:

. . . It was explained to Obama that the permitting process can delay projects for “months to years … and in many cases even cause projects to be abandoned … I’m sure that when you implemented the Recovery Act your staff briefed you on many of these challenges.” At this point, Obama smiled and interjected, “Shovel-ready was not as … uh .. shovel-ready as we expected.” The Council, led by GE’s Jeffrey Immelt, erupted in laughter.

What a knee-slapper, eh? (Via the Baseball Crank, who quite wisely requests “[n]ext time, let’s not elect a guy whose first order of business is to spend nearly a trillion dollars on something with no idea how it works. That would be a good start.”)

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