Breaking News
Loading...
Monday, January 11, 2010

Info Post
I know quite a few people who actually thought they were going to benefit from the stimulus bill.  They didn't.
A federal spending surge of more than $20 billion for roads and bridges in President Barack Obama's first stimulus has had no effect on local unemployment rates, raising questions about his argument for billions more to address an "urgent need to accelerate job growth." An Associated Press analysis of stimulus spending found that it didn't matter if a lot of money was spent on highways or none at all: Local unemployment rates rose and fell regardless.

And the stimulus spending only barely helped the beleaguered construction industry, the analysis showed.

With the nation's unemployment rate at 10 percent and expected to rise, Obama wants a second stimulus bill from Congress including billions of additional dollars for roads and bridges - projects the president says are "at the heart of our effort to accelerate job growth."

0 comments:

Post a Comment