Highway spending isn't the stimulus it was envisioned to be
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Since: Sep 08
#1 Jul 20, 2009
Let's see, they labor department states "The U.S. Department of Transportation estimates that stimulus-funded highway projects directly saved or created as many as 6,000 jobs through May, the latest month for which the department has data." A couple of questions - First, how did they come up with the "estimate?" Second, how much money has been spent to get these 6,000 jobs?
Another comment to goes to these statements "Lawrence H. Summers, the president's top economic advisor, said the program shouldn't be judged by short-term results.
"Given lags in spending and hiring," he said Friday, "the peak impact of the stimulus on jobs is expected not to be achieved until the end of 2010."
Now if I remember correctly Summer sat by quietly as Obama barnstormed around saying how critical it was for this plan to pass ASAP or else unemployment could reach 8%. That sounded to me like the President was touting that this would be a bill with IMMEDIATE results. Now that it didn't deliver on it's promise, they try to re-write history and say don't focus on the short term stuff we promised.
#2 Jul 20, 2009
So much for "shovel ready" projects. Just one more lie from our elected officials at all levels of government.
#3 Jul 20, 2009
More proof that Obamas Stimulus package that had to be passed in that week to avoid economic collapse was a bunch of hooey.
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