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The term boondoggle, in the sense of a project that wastes time and money, first appeared during the Great Depression in the 1930s, referring to the millions of jobs given to unemployed men and women to try to get the economy moving again, as part of the New Deal. It came into common usage after a 1935 New York Times headline claimed that over $3 million had been spent teaching the jobless how to make boon doggles. - Wikipedia
That's great...Now fix the economy!!! - Jon Stewart, The Daily Show, July 4, 2009