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“Not As Shovel-Ready As We Expected”

“Not As Shovel-Ready As We Expected”

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Obama Admits At Company That Took Over $5 Million To “Create Or Retain” 3.03 Jobs That Stimulus Projects Weren’t “As Shovel-Ready As We Expected
Obama Admits At Company That Took Over $5 Million To “Create Or Retain” 3.03 Jobs That Stimulus Projects Weren’t “As Shovel-Ready As We Expected

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Published by: Republican National Committee on Jun 14, 2011
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05/12/2014

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Paid for by the Republican National Committee.310 First Street SE - Washington, D.C. 20003 - (202) 863-8500 - www.gop.comNot au
thorized by any candidate or candidate’s committee.
 
June 13, 2011
Not As Shovel-
Ready As We Expected”
 
Obama Admits At Company That Took Over $5 Million To “Create Or Retain” 3.03 Jobs That Stimulus Projects Weren’t “As Shovel 
-Ready As We Expected 
” 
______________________________________________________________________
TODAY, PRESIDENT OBAMA ADMITTED THAT “SHOVEL
-READY WAS NOT AS SHOVEL-
READY AS WE EXPECTED”
 
OBAMA: “Shovel
-Ready Was Not As Shovel-
Ready As We Expected.”
(President Barack Obama,Remarks Before The
 Durham, N.C., 6/13/11)
 
Obama “Realized Too Late That ‘There’s No Such Thing As Shovel
-Ready Projec
ts …’”
“[M]r.
Obama reflects on his presidency, admitting that he let himself look too much like 'the same old tax-and-spend Democrat,' realized too late that 'there's no such thing as shovel-ready projects
’…”
 
(Michael D.Shear, "President Obama Looks Forward - And Back,"
The New York Times'  
 
,10/13/10)
 
 AP Fact Check Found That Many Of Obama’s Stimulus Goals Were “Overly Optimistic” And Ign
ored
“Many Of The Challenges, Pitfalls, And Economic Realities” Of The Projects.
 
“The Obama
administration claimed this week that $100 billion invested in innovative technologies under the economic
stimulus law is ‘transforming the American economy’ by pu
tting the nation on track for technologicalbreakthroughs in health care, energy and transportation. But an examination of details in the 50-page report unveiled Tuesday by Vice President Joe Biden reveals something a bit different: a collection of rosypr
ojections that ignore many of the challenges, pitfalls and economic realities in all those areas.”
(Frederic J.
Frommer, “FACT CHECK: Stimulus Assessments Overly Optimistic,” 
8/26/10)
 
The Associated Press
Said That The Obama
 Administration Took “The Rosiest Possible View Of Its Own Stimulus Program.”
 
“Jack Stokes, an AP spokesman, responded in a statement toPOLITICO: ‘Our story provides context that is severely lack 
ing in an administration report that takes
the rosiest possible view of its own stimulus program.’”
 
(Matt Negrin, “W.H.: Stimulus Story Omits ‘Full Facts,’”
Politico’s
“Politico44” 
 , 
8/26/10)
 
THE HOST OF OBAMA’S EVENT TODAY RECEIVED A $5 MILLION GRANT AND CREATEDOR “RETAINED” ONLY 3.03 JOBS
 
Cree Received A $5.2 Million Stimulus Grant From the Department of Energy in September 2010 That To Date Has Only
Created Or “Retained” 3.03 Jobs.
 
(“Grants –
Award Summary: Cree, Inc.; Award Number DE-
AR0000110,”
Recovery.gov,Accessed 6/13/11)
 
 
Cree Received $39 Million Though The Advanced Manufacturing Tax Credit Included In TheStimulus.
 
“Recent Business Highlights: Awarded $39 million in tax credits as part of the American

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