Saturday, July 11, 2009
Obama Stimulus Favors Blue States;
Red States Receive Far Less
Big surprise (not really), more Obama Stimupork money is going to states, counties and districts that voted for Obama than is going to Red states/areas. IBD:
The $787 billion "stimulus" was supposed to stimulate all of America equally, right? As it turns out, as in George Orwell's "Animal Farm," all areas may be equal, but some are politically more equal than others.
A report in USA Today says that "billions of dollars in federal aid delivered directly to the local level to help revive the economy have gone overwhelmingly to places that supported President Obama in last year's presidential election."
Got that? Money that's supposed to "stimulate" our economy is in fact lining the pockets of Democratic Party supporters.
In 2008, 872 counties supported Obama during the election. Each received roughly $69 in stimulus per person. Of the 2,234 counties that voted for John McCain, the average was $34.
Pbamanomics and his Stimupork aren't doing anything for the economy. This is because it's a bailout of Pbama's rich Wall Street buddies. Washington Times:
President Obama billed the stimulus package as a national effort, one that would involve spending "in communities across America." But the money is not being doled out proportionally across the country. The most funds are not even being distributed to the areas with the greatest economic problems.
The Wall Street Journal has compiled data on stimulus spending by state for seven categories of social spending (education, housing and urban development, health, crime fighting, job training, arts, veteran spending) and five categories of infrastructure spending (transportation, water, energy, military, government). The total accounts for $187 billion out of the $787 billion spent on the stimulus. Florida, at $464 per capita, receives the least, while the District of Columbia gets the most, at $3,376 per capita.
To find out how the money was allocated, we studied the most recent measures of economic problems that were available when Congress and the president passed the stimulus in February. We found that states with higher income and lower bankruptcy rates during the fourth quarter of 2008 will receive the most stimulus cash per person.
High-income states get considerably more stimulus money. Counterintuitively, states with higher bankruptcy rates tended to get less, not more, money -- roughly $70 less for each percentage point increase in the state's bankruptcy rate.
Some of this disparity benefits Mr. Obama's supporters. The Davis-Bacon provision in the stimulus bill forces states to pay the prevailing union wage for construction work even if there are lower-cost alternatives. In one case, a Los Angeles County official says the rule will force the county to pay workers twice as much to complete a stimulus grant for weatherizing low-income homes.
... a June 5 report by Politico about the so-called "Stimulus tour," visits by Mr. Obama and other administration officials to announce stimulus spending have been overwhelmingly in states that voted Democratic last year: "52 of the 66 events were in states that backed Obama." We found that states that voted more heavily for Mr. Obama got an extra $10 per person for each additional percent of the vote for Mr. Obama. Virtually all of this comes in the form of more infrastructure spending.
...it is shocking that Mr. Obama and the Democrats are sending stimulus funds to those places that need help the least.
From the USA MacPaper story on this subject:
Counties that supported Obama last year have reaped twice as much money per person from the administration's $787 billion economic stimulus package as those that voted for his Republican rival, Sen. John McCain, a USA TODAY analysis of government disclosure and accounting records shows. That money includes aid to repair military bases, improve public housing and help students pay for college.
On a related side note, I was over in the outskirts of Pittsburgh the other day and there was the obligatory summer road construction. This time, however, there was a big, green sign that said it was being paid for by stimulus money. Like they were bragging about it!
Instead of creating jobs, interest rates were bumped up, the dollar slid… and it didn’t help anybody get any work. Much of this is due to the fact that Obama’s agenda has mortified almost every machine of job-and-growth creation in the country.
The One couldn’t deliver the type of “temporary, targeted, and timely” bill that he promised repeatedly. And regardless of his image in the MSM, Obama simply lacks the the political stature to control Pelosi and Reid… who hit the trough hard, while bickering like children.
And the lack of GOP co-conspirators exposed Obama politically… this legislation now looks to be a HUGE gamble. And when all this pork-n-welfare fails to generate any real economic gains, the Democrats will face a bloodbath in 2010.
Instead of creating jobs, interest rates were bumped up, the dollar slid… and it didn’t help anybody get any work. Much of this is due to the fact that Obama’s agenda has mortified almost every source of job-and-growth creation in the country.
The Dear Leader couldn’t deliver the type of “temporary, targeted, and timely” bill that he promised repeatedly. Regardless of his image in the MSM, Obama simply lacks the the political stature to control Pelosi and Reid... who hit the trough hard, while bickering like children.
And the lack of GOP co-conspirators exposed Obama politically… this legislation now looks to be a HUGE gamble. And when all this pork-n-welfare fails to generate any real economic gains, the Democrats face a bloodbath in 2010.
There's a parody song out there, in your (our) collective minds, rewriting the lyrics to Ozzy's "Crazy Train" but using the Porkulus Train wreck.
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