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What Happened To All The 'Shovel-Ready' Infrastructure Projects From The 2009 Stimulus Bill? (finance.yahoo.com)

Back in 2009, former President Barack Obama made some lofty promises about the infrastructure overhaul that his $800 billion economic stimulus plan would provide. Obama used the phrase “shovel-ready projects” in reference to construction projects that could begin right away.

In the end, however, only $98.3 billion of the $800 billion stimulus was dedicated to transportation and infrastructure. Of that $98.3 billion, only about $27.5 billion was actually spent on transportation infrastructure projects. Why?

“The problem is that spending it out takes a long time, because there’s really nothing – there’s no such thing as shovel-ready projects,” Obama said in a 2010 interview with the New York Times.

[What Happened To All The 'Shovel-Ready' Infrastructure Projects From The 2009 Stimulus Bill?](https://finance.yahoo.com/news/happened-shovel-ready-infrastructure-projects-212123861.html) >Back in 2009, former President Barack Obama made some lofty promises about the infrastructure overhaul that his $800 billion economic stimulus plan would provide. Obama used the phrase “shovel-ready projects” in reference to construction projects that could begin right away. >In the end, however, only $98.3 billion of the $800 billion stimulus was dedicated to transportation and infrastructure. Of that $98.3 billion, only about $27.5 billion was actually spent on transportation infrastructure projects. Why? >“The problem is that spending it out takes a long time, because there’s really nothing – there’s no such thing as shovel-ready projects,” Obama said in a 2010 interview with the New York Times.

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[–] • 1 pt

The other super scams were TARP and Cash for Clunkers. TARP was paying off the banks who handed out niggers and other people who couldn't afford houses ARM loans and when they walked destroyed the real estate market. Cash for Clunkers was to destroy the used car market, which still does exist but still hasn't recovered. People now keep cars on average 12 years instead of 7 and now EVs will wreck the new car market even further.