Understand that Stimulus I was divided into three general categories of expenditures: Tax Benefit Programs ($298b), Contracts, Grants and Loans ($212.4b) and Entitlements ($212.3b).
All Stimulus monies, according to the Administration, have been spent except for $3b of the allocated 212.4b for Contracts, Grants and Loans. And, yet, there remains no measurable benefit to the non-union private sector work force.
That part of the national work force receiving job related benefit includes:
- State and county labor (all unionized - all in the public sector - nearly all voting Democrat)
- US Army Corps of Engineers/ Air Force/ US Forest Service - all funded with
- The National Railroad Corporation - all unionized - nearly all voting Democrat)
- Federal Transit Administration - all unionized - nearly all voting Democrat)
- High Speed Rail - some private sector labor. All contracts over $25 million went to unionized firms.
Of the $212.4 billion allocated for Contracts, Loans and Grants, only $42 billion went to 57,000 contracts. Under this same heading, $48.4 billion went to fund educational "fiscal stabilization" programs, code for teacher union legacy/retirement packages.
Under "Entitlements" ($212.3b), $146 b went to the several states to fund Medicare/Medicaid and Unemployment Benefits. Because of heavy and increasing indebtedness, the states added this money to their balance sheets, in an effort to keep state programs running at full speed.
According to the CBO, jobs created because of this "stimulus" cost $228,055 per job, which means, that heavy duty fraud was the name of the game with this program. Billions upon billions were diverted into state and union coffers, with 3/4 of the total funding for this bill going to Democrat districts. Understand that there were more Democrat districts than Republican in 2009/2010. But beyond than this, the total allocation for all GOP districts was $46.1 billion compared to $122.1 billion for all Democrat districts. linked source... Why the discrepancy? Fewer GOP districts and smaller contracts awarded in those districts.
In the end, the 2009 Stimulus benefited unions, public sector labor and Democrats. When Obama brags about "private sector growth," which he does with regularity, he is taking credit for something he could not care less about. There is no reason to believe that any measurable amount of the 2009 Stimulus went to the 92% that is the national non-union, private sector labor force.
Point of post: the February, 2009 Stimulus was a farce, a scam that benefited Obama's constituency almost to the exclusion of the rest of us.
And you want to give him a second try with the American Jobs Act?
Geeeesh.
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