Shovel Ready

Today we witnessed the President openly admitting that he does not know what he is talking about. It was an amazing admission and must diminish his stature in many eyes. Many months ago he said he was going to immediately improve the job situation by giving the go ahead for shovel ready jobs. Supremely confidant, he stated that there are many, many shovel ready jobs just waiting to start. Today, he stated that there are no such things as shovel ready jobs. Why would he say that? Why not just continue trying to fool the people that he is all knowing and will get us out of our problems. For me, this is earth shattering. How can he ever be trusted by his supporters again. Those who understand business realize that he is woefully ignorant about how jobs are created and how to expand the economy. As a Marxist, he assumes that the economy is a static entity. Economists know that economies are dynamic and are extremely complex. He may be receiving his first important economics lesson.