Well, no. In "password" you have one common word -- let's say 1,000 options, 2^10. You have two spaces which can go in any of 9 places, for 9 * 8 / 2 = 36 different places, plus I suppose the 1 and 9 for zero and one places.

46,000 options for 15.5 bits of entropy, only. Even if we assume that there are thousands of different "strategies" by which passwords might be chosen, that only adds ~10ish bits or so, and doesn't bring it under the useful thresholds.