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Great Big Oops

Recorded on June 15, 2011

From The Heritage Foundation, I'm Ernest Istook.

Two years after pushing through $800-billion in so-called stimulus spending, President Obama laughs and says that things weren't as shovel-ready as he thought. But it's the job of a President—and the Congress—to check things out and remove obstacles, not to laugh and say oops $800-billion later.

He claimed things were ready to break ground and be finished quickly. Not so.

The big barrier for both government and private sector construction is federal regulations, especially environmental red tape, that adds years between the time a project is conceived and when it is completed.

Now we hear that America has almost two million fewer jobs now than before we spent $800-billion on a phony stimulus plan. In politics, this may be laughed off as an oops, but anyplace else it would be called a clear case of fraud.

From The Heritage Foundation, I'm Ernest Istook.