Hey, remember when President Obama was gonna save our economy with a huge "stimulus" program? Of course, the program was a government-gone-wild spending spree that was marked by disasters like this, this, this and this. And who could forget about this?
With the economy floundering, President Obama seems ready to finally concede that his stimulus was a giant failure of economic central planning:
Remember "shovel-ready projects."
Those were construction projects in the 2009 stimulus bill that were supposed to get moving right away -- but jobs council members told Obama today that some got held up because of elaborate government regulations and permitting procedures.
"Shovel-ready was not as shovel-ready as we expected," Obama said.
In both the jobs council meeting and in his speech later to employees at a Durham lighting company, Obama said regulatory change is a major part of his new jobs push.
"How do we deal with making sure our regulations make sense, so that we start eliminating ones that don't work, aren't making consumers better off or aren't improving our quality of life?" Obama told the employees.
Source: USA Today
Regulate the regulations? That's a plan so crazy that it just might work!
