Monday, June 13, 2011

He's not laughing at you...

...he's laughing with you. (Right?)

“President Obama's Council on Jobs and Competitiveness met today in Durham, NC, at Cree Inc., a company that manufactures energy-efficient LED lighting,” according to a Fox News story. “One of the Council's recommendations to President Obama was to streamline the federal permit process for construction and infrastructure projects. 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, according to the report (see video clip below), “‘Shovel-ready was not as ... uh .. shovel-ready as we expected.’ The Council, led by GE's Jeffrey Immelt, erupted in laughter. The Obama administration promised the Recovery Act (‘the stimulus’) would prevent the jobless rate from going over 8 percent.”

The report points out that the national unemployment figure “now stands at 9.1 percent.”

Hilarious, right?

(h/t: original video - Fox News)

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