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Archive for Monday, June 7, 2010

Signs point to recovery: Stimulus funds give $60M boost to area economy

Bob Lassen, an employee with Sunflower Concrete, Lawrence, applies cement-curing spray to a new median strip on North Second Street on the north side of the Kansas River Bridge on Friday. The work being done at the intersection of North Second and Elm streets is one of several area projects funded by the American Recovery and Reinvestment Act — the federal stimulus program.

Bob Lassen, an employee with Sunflower Concrete, Lawrence, applies cement-curing spray to a new median strip on North Second Street on the north side of the Kansas River Bridge on Friday. The work being done at the intersection of North Second and Elm streets is one of several area projects funded by the American Recovery and Reinvestment Act — the federal stimulus program.

June 7, 2010

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On the north end of the Kansas River bridge, a sign lets drivers know just who is footing the bill for the multimillion-dollar construction project at North Second and Locust streets.

“Project funded by the ARRA,” the sign reads.

No similar signs are seen, however, hanging from the necks of four staff members at the Lawrence Boys and Girls Club or a group of artists who teach at Van Go Mobile Arts.

But their work, too, is being funded through the American Recovery and Reinvestment Act — the federal stimulus program — which so far has awarded some $202 billion across the United States.

As of the end of March, more than $60 million in federal funds has come to Douglas County. That money has generated or helped maintain about 150 jobs, according to ARRA reports.

Along with fixing roads and building sidewalks, Recovery Act money has been used in less obvious places, such as $33,000 to fund a position at the Lawrence Art Center to oversee art exhibits. The Willow Domestic Violence Center received $34,000 to replace a roof and install new carpeting in its women’s shelter. And $19,000 was spent so the Douglas County Sheriff’s Office could replace its aging automated external defibrillators. The portable devices are used to emit electric shocks to the heart when someone goes into cardiac arrest.

Almost 130 grants or contracts have been awarded in Douglas County.

“It’s been extremely beneficial,” Van Go Mobile Arts executive director Lynne Green said of the $50,000 grant the nonprofit received to help keep eight artist teaching positions afloat. “It’s kind of prefect. The money was designed to stimulate and keep jobs in place and that is exactly what we used it for.”

KU’s funding

Nowhere is the diverse use of stimulus money more evident than at Kansas University. The KU Center for Research received $42.3 million. A good chunk of the money has been funneled through the National Science Foundation and the National Institutes of Health for research in the biomedical field.

But there have been other grants, too. Money is being used to research ways to stop violence against women and to support jobs in the arts at the Lied Center.

The Kansas Geological Survey received more than $4 million, its largest federal grant ever, to explore ways to pump carbon dioxide underground to reduce carbon emissions in the atmosphere.

Several grants have been awarded for researching glacier melt in Greenland. The largest, $2.1 million, is being funded through NASA and will develop radar instruments that help scientists determine what is underneath the ice sheets.

“It’s an excellent snapshot of the variety of science and engineering research at KU,” said Kevin Boatright, director of communications for KU’s Office of Research and Graduate Studies.

Along with research, ARRA money will be used for construction projects. A $12 million grant will help pay to build a $21.5 million research building for the School of Engineering. More than $4 million of stimulus money will be used to upgrade Nichols Hall.

City gets more than $8M

The city of Lawrence also has seen a substantial boost from ARRA money — to the tune of $8.4 million

ARRA money is covering $2 million of the $3 million cost to improve the intersection at North Second and Locust streets. Stimulus money is also picking up the tab for the $946,000 project to repave New York Street with brick and the $800,000 cost to replace a sidewalk along Clinton Parkway between Wakarusa Drive and the South Lawrence Bypass.

Lawrence Public Works Director Chuck Soules knows that some people question why the city is spending money building sidewalks and repaving brick streets when there are roads in dire need of repair. But he said the city asked for money in areas that the federal government was funding — such as historic preservation and trails.

“If we didn’t apply for some of those things, the money was still going to go there. But it was just going to go somewhere else,” Soules said.

Along with road projects, the city received $858,600 in an energy efficiency grant, $648,000 for affordable housing and almost $3 million for its public transit system.

Lawrence “did very well” in landing its share of stimulus money, Soules said.

But some in the region have seen little of the money. With the exception of a law enforcement grant, Douglas County hasn’t seen a cent of Recovery Act money.

Administrator Craig Weinaug said the county was too small for the set amount of entitlement money that came down from the state and too big for the money the state set aside for smaller municipalities.

The county had applied for grants that would cover road improvement projects, but didn’t receive any money. The county went ahead and did the projects without the federal funding. Still, Weinaug said the extra money would have been nice.

“That would have freed up money to do other projects,” he said.

The county did indirectly benefit from a Lawrence grant that is being used to create a position for a sustainability coordinator. As part of the $858,000 energy efficiency grant, the new sustainability coordinator will work at both the city and the county. The rest of the money will be used to replace downtown street lights and to make energy efficiency upgrades at the Lawrence Public Library.

Job creation, retention

Under federal guidelines, it’s up to contractors to report how many jobs the projects create or retain. So the city of Lawrence hasn’t kept a tally on how many jobs its $8.4 million in grants has produced.

As of the end of March, the ARRA website states four jobs were created from the work at the intersection of North Second Street. For the New York Street project no jobs are listed as being created and .05 jobs are reported for the sidewalk improvement project along Clinton Parkway.

The benefit to employment has a far greater effect than what is listed, Soules said. The combination of the Clinton Parkway and New York Street projects has kept about 50 people employed. And, the construction at the North Lawrence intersection has provided about 40 jobs.

Without the stimulus money, Soules said the only work the public works department would be doing is repaving roads.

“It is definitely retaining a lot of jobs and they are good-paying jobs,” he said.

At KU, the stimulus money for research has resulted in 45 jobs. Most of those positions are being filled by graduate, post-doctoral students and lab technicians, not the professors leading the research.

At Clinton Lake, where the Corps of Engineers funded more than $4.2 million worth of improvement projects, 2.12 jobs were saved or created. But Sue Gehrt with the U.S. Army Corps of Engineers said ARRA reports don’t list the work that is subcontracted out or what is done by general contractors who cover multiple states.

Still, the stimulus money is allowing work to be done around Clinton Lake, such as paving roads, upgrading restrooms and replacing picnic tables, that would never have been accomplished otherwise.

“We barely pay the staff to keep the place running,” Gehrt said. “We rarely get any kind of extra money.”

For some area nonprofits, there is little doubt the stimulus money saved jobs.

“During a difficult economy, it would have been impossible for us to have funded that position,” Lawrence Arts Center executive director Susan Tate said of the exhibition director position the ARRA money covered.

Before receiving the ARRA money, officials at the Boys and Girls Club thought they might have to reduce hours and services for children. With $48,000 in stimulus money, the nonprofit was able to cover one-full time position and three part-time positions, which are filled by college students.

“Because of those dollars, we didn’t have to cut back,” executive directory Janet Murphy said.

Comments

Flap Doodle 3 years, 10 months ago

The Finger Pointer is Chief is clueless.

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ibroke 3 years, 10 months ago

merrill--have you looked online on a graph of the unemployment rates?

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Richard Heckler 3 years, 10 months ago

"Obama's spending is putting us into a depression. If he had balanced the budget instead of buying votes and paying kickbacks to supporters we could be back under 5% unemployment by now."

Bush/Cheney put 11 million out of work. So many of these lost jobs will not return as corp america chooses to support China.

There is no way to find that many jobs in 18 months. If it could be done it would have been done.

If the government would bring on IMPROVED Medicare Insurance for ALL jobs would begin to appear. In fact some outsourced jobs might return. Corp america does not like being forced to pay medical insurance for employees so off they go abroad to countries that provide medical care for their populations. It's high time the USA moved in that direction and forget about high rollin insurance executives and shareholders.

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Richard Heckler 3 years, 10 months ago

Try Fiestaware by Homer Laughlin - Made in the USA

http://www.hlchina.com/

Can be found locally at Weavers Home Furnishings

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Centerville 3 years, 10 months ago

Liberty One: you are correct. 'Stimulus' money is just wealth taken out of the economy and thrown around in ways determined by the nitwits in government. It isn't wealth used intelligently to produce more wealth, which is what individuals do with the little bit of after-tax money that they've earned..

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c_doc77 3 years, 10 months ago

"That's the problem. This is how you are seeing it--not all bad. Of course it's not all bad, somebody's getting money, somebody's getting a job. That's beside the point. The question isn't whether it's all bad or all good, it's whether there's a net benefit. Of course if I steal $100 from you and give it to my friend, it's not all bad because my friend benefited. But you lost $100, so there's not a net benefit."

Exactly.

"Yes, the government needed to change course, but what I'm trying to tell you is that it hasn't. Obama is following Bush's policies to the letter. How did Bush react to the 2001 recession? Stimulus spending, low interest rates, deficit spending etc. Obama is doing the exact same thing. You say Obama is not following Bush's playbook on the wars, but he isn't ending them! We are still there, and even if our presence is reduced in Iraq, it's increased in Afghanistan. We are bleeding money and lives on these wars and Obama isn't changing course anytime soon."

Exactly.

"If the government was REALLY to change course we would have gone to balanced budgets, ended the wars and brought the troops home and ended all the wasteful spending. None of that has happened."

Exactly. And I can't see it happening anytime soon either.

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1991Jayhawk 3 years, 10 months ago

Where were all the Tea Party folks when Bush was spending us into a hole? Tax cuts, two wars, a Medicare RX benefit--and I do not remember a peep from any of them. Obama's spending was necessary to keep us out of a Depression... Imagine where we would be with 20% unemployment...

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Liberty_One 3 years, 10 months ago

whatthehell (anonymous) replies…

"the stimulus and bailouts were not all bad. Period."

That's the problem. This is how you are seeing it--not all bad. Of course it's not all bad, somebody's getting money, somebody's getting a job. That's beside the point. The question isn't whether it's all bad or all good, it's whether there's a net benefit. Of course if I steal $100 from you and give it to my friend, it's not all bad because my friend benefitted. But you lost $100, so there's not a net benefit.

"for a modest "public" investment you have out of work construction workers doing remodel projects"

Yes, but how many jobs are lost as a result of the government taking this modest amount of money out of the private economy? For every job "gained" there's another lost--it's lost because it's not created. That's the problem. You can easily see the job that the government money creates, but you can't see the negative side of things because it's opportunity costs that never happened. Back to the $100 example, say my friend hires merrill to mow his lawn with that money. He's "creating" a job with the $100 I stole from you, but since you are now $100 short, you aren't buying something with that money. So you could have hired someone to shovel your sidewalks, but now that job is never created because I've taken that $100 from you. There's no net gain. So no, it's not "all bad," but on the whole it's a net negative.

"many people, including you, cannot find any way to see that the steps HAD to be taken"

Yes, the government needed to change course, but what I'm trying to tell you is that it hasn't. Obama is following Bush's policies to the letter. How did Bush react to the 2001 recession? Stimulus spending, low interest rates, deficit spending etc. Obama is doing the exact same thing. You say Obama is not following Bush's playbook on the wars, but he isn't ending them! We are still there, and even if our presence is reduced in Iraq, it's increased in Afghanistan. We are bleeding money and lives on these wars and Obama isn't changing course anytime soon.

If the government was REALLY to change course we would have gone to balanced budgets, ended the wars and brought the troops home and ended all the wasteful spending. None of that has happened.

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oneeye_wilbur 3 years, 10 months ago

It is east west, if not there wouldn't be any crap on the east. Where's the concrete? Burroughs trail. A trail named after someone who has not really any outstanding longevity to the history and founding of Lawrence.

It is crap for sure and it's east and west, with not much between.

The city is pandering to the west, no matter how the concrete is poured and leveled.

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Flap Doodle 3 years, 10 months ago

merrill, you should take out ads if you want to plug these companies. I'm sure LJW would appreciate the revenue.

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Richard Heckler 3 years, 10 months ago

GM plans to export cars from China to the US

General Motors is planning to build cars in China and import them into the United States, a strategy that could trigger further job losses and union anger in the US.

By Malcolm Moore in Shanghai

MEXICO CITY, May 30, 2008 – Ford Motor Company today announced the new Ford Fiesta small car for North America will be produced at the company’s transformed Cuautitlán Assembly Plant beginning in early 2010 and a sporty European hatchback model is being added to the North American lineup alongside the popular sedan.

Transformation of the facility near Mexico City begins this year, as the plant is converted from its current production of F-Series pickups for the Mexican market to small cars for all of North America.

The Chihuahua Engine Plant, which builds I-4 engines, also will assemble diesel engines for light- and medium-duty trucks in a variety of global markets.

In addition, through a joint venture with Getrag (GFT), Ford will establish a new transmission plant in Guanajuato to support various Ford products. Company officials announced the trio of investments jointly with Mexico President Felipe Calderón Hinojosa.

The new multi-plant development effort represents a $3 billion U.S. investment, including the support of local suppliers. It is Mexico’s largest ever automotive investment. The moves are expected to create approximately 4,500 Ford jobs. Together with all direct and indirect employment at suppliers, the moves affect 30,000 jobs in Mexico

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Richard Heckler 3 years, 10 months ago

We can blame the government!

"And, yes, substantial fraud was involved. For example, mortgage companies and banks used deceit to get people to take on mortgages when there was no possibility that the borrowers would be able to meet the payments. Not only was this fraud, but this fraud depended on government authorities ignoring their regulatory responsibilities.

So, no, a bubble and a Ponzi scheme are not the same. But they have elements in common. Usually, however, the losers in a Ponzi scheme are simply the direct investors, the schemer’s marks. A bubble like the housing bubble can wreak havoc on all of us."

Arthur MacEwan is professor emeritus of economics at the University of Massachusetts Boston and a Dollars & Sense Associate. http://www.dollarsandsense.org/archives/2009/0709macewan.html

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whatthehell 3 years, 10 months ago

I posted the following above in response to Liberty and got no replies.

Ask a company spokesperson that MAKES windows... Are they making windows because of stimulus money? Do people have jobs because of stimulus money creating those windows, sales commissions, drivers, remodel contractors? Come on Liberty, I have watched you comment before and you seem like a smart guy (gal?). This is huge and very complex, Let's do MORE than just whine and complain?

Is stimulus / government spending the only solution? No, I would never say that is was but it is not this president's fault that drastic steps had to be taken. The points have also been made that saving AIG etc and GM saved millions of jobs and family savings

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Richard Heckler 3 years, 10 months ago

New Balance is the only athletic shoe manufacturer still making shoes in the US. We’re proud of that commitment. We're proud of the workers in our five New England factories. And we're proud to say that 25% of our shoes sold in North America are made or assembled in the USA.

http://www.nbwebexpress.com/browse.asp?list=usa

Browns Shoe Fit on Mass Street

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Richard Heckler 3 years, 10 months ago

Support American Workers IF We Want The Economy To Bounce Back

Buying more USA made products will create more jobs in the USA which means more USA money stays in the USA

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Kitchen Aid Mixers - Made In USA - Ohio (according to Kitchen Aid)

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whatthehell 3 years, 10 months ago

look harder. retrain. do not blame the govt. do not wait for a handout. MAKE SOMETHING HAPPEN positive for you. I did and so do millions of others.

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ibroke 3 years, 10 months ago

you dont need a job just sit back and let the government provide

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edjayhawk 3 years, 10 months ago

Where are the jobs for skilled professionals? I still don't have a job.

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ibroke 3 years, 10 months ago

all that free money rollin in!!! YES!!!

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jaywalker 3 years, 10 months ago

Looks like others have jumped on the same fallacy that I found in the headline. "Signs of recovery"???!!! Is Ms. Metz a Presidential staffer? I mean, I'm sure that unsupported dough is popular with those that get it, but throwing money around doesn't point to any sort of recovery, for the love.....

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georgiahawk 3 years, 10 months ago

Things are bad, very bad and they will always be bad. The world is lost, America will be destroyed. Socialism is destroying everything that has not already been destroyed by communism. Things will never get better! There is negativity in everything that is happening and everywhere that we look because all is lost. Please, just go ahead and do the deed, there is no reason to go on. America has an almost liberal, democratic president that is also half-black and until we have the "good old boys" back in power there is no reason to live. Things are bad, very bad and they will never get better.

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oneeye_wilbur 3 years, 10 months ago

Who is paying for all of the concrete work being done on Cllinton Parkway to the lake? There is enough concreted being poured there as well as the Burroughs trail to rebuild every street east of Iowa. Not to forget the ashphalt being torn up to be replaced by concrete.

All the while East of Kasold burns like Rome. The west side is getting spruced up at the expense of the East side, that being East of Kasold.

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George Lippencott 3 years, 10 months ago

OK. The stimulus money has created jobs. Most of those jobs are in construction (unions) and in local government (Kansas pays for California). Real, growth in private sector jobs is conspicuous by its absence. Why?

Is it because greedy business owners are using the downturn to drive up productivity? Is it because uncertainty in what the “government; will do is leading to business owners deferring decisions? Is it because we have driven off-shore so many jobs that we have replaced with lower paying service sector jobs (if at all) Is it because large numbers of “guest workers” are undermining the job market? Is it because we pay our business, entertainment, media, academic, government (lobbyists and the like) and other élites way out of proportion to what we pay the workers. Is it because Bush/Obama did it?

It is fun to “govern” when revenue is on the ups and the economy is booming and you can give more to more people. It is a bi*** when revenue is declining and the economy is in the toilet and you have to take things away.

So let’s see

We continue to “prime the pump” We add a significant cost for “climate change” We add a significant cost for medical care We “bail out” individuals and businesses who made poor decisions We increase income transfers from the middle to the poor We continue to promise that the “government” will cover your senior years We guarantee a college education at “government” expense We spend copiously on questionable “research” We open our borders to all comers And on and on

How long can “government” prime the pump before inflation turns really ugly (just as we decouple government payments from inflation protection)? Somebody has to pay for all of this.

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barrypenders 3 years, 10 months ago

Good point c_doc77.

Stimulus, Money Grows PAD'd On Trees, and Posercare live unprecedented

Darwin bless you

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c_doc77 3 years, 10 months ago

"Its interesting all these people bashing Obama, forget to mention, or have nothing to say when its mentioned that the last administration had a huge hand in putting us in the hole that we are in. All they do is whine about how much money we are spending."

Just so we're clear, I know Bush is to blame too. That's not the issue. He spent a lot of money too. But two wrongs don't make a right. Just because you criticize the Democrats, that doesn't make you a Republican. And even if you are a Republican, that doesn't make you a Bush supporter.

"Yes, we are spending money to create 'recovery' but until somebody else comes up with a different/better solution to spending, or doing nothing at all, I suggest we try to work with what we have and try to be positive. To me, a little recovery is better than none at all."

Why do you assume that no one has a better or different solution? Do you honestly think we should just "do something" even if it will eventually make things worse? If you're unemployed, that MasterCard can really come in handy. But don't mistake that MasterCard for recovery. At some point you're going to have to pay the bill - with interest.

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c_doc77 3 years, 10 months ago

whatthehell,

You're still only dealing with temporal circumstances. So people keep their jobs for a while, tax (theft) revenues increase, local businesses prosper - great. But even you must admit this is not a long-term situation. What is in place to sustain this? Nothing.

Not only that, you must consider that the funding has to come from somewhere, or rather, someone - you, me, everyone we know, and the generations to come. Would you run up debt on your credit card to employ a friend and leave the bill to your kids after you died? That's what's going on here. No amount of pleading for political civility and appealing to peoples' emotions is going to change that.

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jchristine2 3 years, 10 months ago

Slow and steady wins the race. Its all about baby steps to me. Nothing will happen overnight. This "slight" recovery is better than nothing. And nothing is what we saw happening from the last administration. Its interesting all these people bashing Obama, forget to mention, or have nothing to say when its mentioned that the last administration had a huge hand in putting us in the hole that we are in. All they do is whine about how much money we are spending.

Yes, we are spending money to create "recovery" but until somebody else comes up with a different/better solution to spending, or doing nothing at all, I suggest we try to work with what we have and try to be positive. To me, a little recovery is better than none at all.

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whatthehell 3 years, 10 months ago

By the way. The products being used on the projects specifically mentioned are coming largely from local businesses. Do you suppose the incomes generated for the salespeople will then be spent on consumer goods, generating more jobs and tax revenue? Hmmm. Do you suppose that the companies that supply those products are able to keep the delivery drivers employed? Do you suppose that the company that makes those curing products he is spraying are able to keep their business open and continuing to make those products, and continue to employee equipment operators, fork lift drivers, warehouse managers... And do you suppose those employees that still have their jobs DIRECTLY related to Recovery spending are buying products and paying taxes? Pretty basic economics people.

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moderate1 3 years, 10 months ago

whatthehell... msnbc spokesman?

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whatthehell 3 years, 10 months ago

Yes, there are temporary jobs being created. Yes the deficit spending is terrible. Yes, yes and yes. BUT, what all you haters are not mentioning is the funding made available for alternative energy development, energy grid upgrades to SMART etc. I do NOT agree with everything said and done by this admin but the cards he was dealt are not easy to play. The Boost spending was started during the previous admin. The problems related to lost jobs oversees are a result of historical decisions related to Free Trade / decisions in corporate America to take advantage of cheaper labor in countries that have no government oversight of working conditions. The cost of invading and occupying two countries are WAY more of a problem than the recovery act ... and on and on and on. Now, when BP is bankrupt and unable to deal with the environmental disaster that will unfold for decades, resulting in the Gulf Coast economies being ruined you will blame Obama, Pelosi, and Reid. Please. Use your brain and common sense. There are so many problems facing this society, this culture. Stop complaining. Stop Blaming. Come up with constructive resolutions and do SOMETHING worthwhile besides whining about one or two or three people you don't like.

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bearded_gnome 3 years, 10 months ago

completely vaccuous story!!!!

first, the stupid signs are funded by the porkulus bill too!

second, is it "109.9" or "about a hundred and fifty?"

about five times in this article it indicates that the same ARRA numbers cited for the "signs of recovery" are in fact not valid.

Metz, Britt, just cheerleaders for the Obama aministration. leftist loons.

indeed, one very big issue this article conveniently forgets is: how does the massive debt now and projected for the future impact our economy.

another: how do current and coming tax increases impact our economy?

yet another overlooked topic: is the spending at Mobile Arts, the arts center, even most of that at KU, is this really the best way to use our money? money we're stealing from future generations?

spending on research really improves jobs?

" ... three letter word: J-O-B-S" --Joe Biden.

and finally just a note: the city had money lined up for the N 2nd intersection repair, but the ARRA funds allowed it to apply city funds elsewhere.

LJWorld, please try to get a better reporter on important topics like this next time.

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douglas6280 3 years, 10 months ago

As of today our national debt now exceeds our GDP -- not good. Unemployment January 2009 = 4.8% -- unemployment May 2010 = 9.7%. Yes, the 860 billion stimulus is working. Temporary census jobs are keeping the rate lower. One of the tricks the federal government is using is to hire, fire, and re-hire census workers. On their stats that shows up as 2 jobs created. Many census workers have gone though this process several times.

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Travis Shinkle 3 years, 10 months ago

How is a "stimulus" a sign of "recovery"? If the area was truly in "recovery" then you wouldn't need the "stimulus"...

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wprop 3 years, 10 months ago

Stimulus indeed...the North 2nd project has cost more in economic damage than the "grant"....all workers gone by 4 pm....no work on Friday afternoons...Crews of three (3) on perfect work days..and reciently drilling up large sections of freshly poured concrete...and now police shaking down.the citizens with speed traps in the poorly marker "work zone"....this ill planed project is costing the citizens millions.....who is getting the "profit"?

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love2fish_ks 3 years, 10 months ago

The LJWorld prints this dribble as 'news'? UGH.

“Project funded by the ARRA,” Sure. A little truth in advertising would be appropirate. "Project funded by People's Republic of China, Kingdom of Saudi Arabia, and paid for by persons born in 2011."

The real story should be about sustainability. Will any of this spending translate into real private sector jobs?

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Larry Bauerle 3 years, 10 months ago

This seems like LJW's way of kicking off the re-election campaign.

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topekahawk 3 years, 10 months ago

What was the Lawrence unemployment rate before and what is it now? It would seem that this article should note this. This piece is all about a supposed cause and effect, isn't it?

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Zachary Stoltenberg 3 years, 10 months ago

So I'm curios, what happens when those 500,000 census workers are out of a job at the end of the month. There goes your positive unemployment figures... Thanks a lot Barry O. Bush might have put us in this hole, but Pelosi, Reid, And Obama have shovels and pick axes are are moving full speed ahead. Hopefully some changes in November will put the reins on these idiots.

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Zachary Stoltenberg 3 years, 10 months ago

So I'm curios, what happens when those 500,000 census workers are out of a job at the end of the month. There goes your positive unemployment figures... Thanks a lot Barry O. Bush might have put us in this hole, but Pelosi, Reid, And Obama have shovels and pick axes are are moving full speed ahead. Hopefully some changes in November will put the reins on these idiots.

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barrypenders 3 years, 10 months ago

Other People's money given to people that can't, keeps them 'Busy' for awhile. 'Busy' at least until it runs out.

But, thank goodness Poser can 'Print' more!!

Stimulus, Transformation Money Printing, and Posercare live unprecedented

Darwin bless us all

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Liberty_One 3 years, 10 months ago

Here we have the main economic fallacy of only looking at the benefits to group A and ignoring the costs to group B. The money the government is spending has to come from somewhere, and the negative effects of that money coming out of the economy are at least as equal to any positive effects it has coming in. More likely it's worse because instead of productive uses, capital assets are going to fund things we don't need like more bridges and highways instead of improving our industrial capital to bring back manufacturing jobs.

We're replacing park benches and street lights while they are building steel mills and aluminum plants in China. We don't make anything anymore, and this stimulus bill is only putting us deeper in the hole in regards to industry and manufacturing.

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Flap Doodle 3 years, 10 months ago

This is good news for people who can't do math. Bigprune is not in the crowd of kool-aide drinkers.

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c_doc77 3 years, 10 months ago

Recovery? You've gotta be kidding me. When has this sort of "stimulus", which is really just a short term boost, ever spelled recovery? Its a little more complicated than that. If our local economy was completely autonomous and there was an actual creation of industry involved, you might have an argument for recovery. Even then it would require some qualification. But as it stands now this is just a band-aid.

Hate to break it to you, but we are in a depression. And we are really still in the beginning stages of it. This isn't pessimism. It just happens to be the truth. And no amount of contrived optimism, the psychological effect not withstanding, is going to bring us out of this.

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BigPrune 3 years, 10 months ago

$60,000,000.00 / 109.9 jobs = that's ONLY $545,950 of taxpayer subsidized dollars per job thanks Barack......now to just pay for it.

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