How the Stimulus Is Changing America

Creating Strategies for the 21st Century

The debate over President Obama’s $787 billion stimulus bill has mostly been about whether it has saved jobs — and most economists say it has — but that’s not the only thing it aimed to do.  The bill was also designed to help advance several Democratic goals — a green economy, computerization of the health-care system, education reform, and scientific research. Time saysAny of those programs would have been a revolution in its own right” and that the stimulus “may be President Obama’s signature effort to reshape America.”

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Filed under Economics, Liberal Government, Political Reform, Progressive Ideals

9 responses to “How the Stimulus Is Changing America

  1. tosmarttobegop

    It is something that is both a point of order and one of why not?
    When the question is why has not the stimulus done more?

    Simply that it has not all been sent out, I have lost track of just how much has been spent.
    But last I heard it was not even a quarter spent and its full effect can not be known until more has been out to make a difference.

    So the question is why has it not been?
    Nothing is truly owned till it is paid for, so the effect of the stimulus can not be seen until the money is out there to have an effect. The talk of needing another stimulus is silly right now, kind of like you have not given the entire loan you took out for a new car to the dealer.

    So you go back to the bank to take out another loan to pay for the new car.
    There is something odd in saying we need another stimulus when the first one has not been spent.
    If the first one has not been disbursed, what and where is that money going to be used?

    I am beginning to question that?
    Suspecting a hidden agenda somewhere, maybe a slide of hand thing going on?

  2. I found this article dated Aug. 16th. I’ll keep looking.

    By the end of next month, the federal government will have awarded nearly all of its stimulus funds – $862 billion – to local governments around the country.

    But as CBS News Congressional Correspondent Nancy Cordes reports, it’s in those states and cities that the money is running into roadblocks.

    Rep. James Clyburn, D-S.C. and a supporter of the stimulus, is frustrated with the slow pace of stimulus spending in his home state of South Carolina.

    “There is a big difference in what we do here in Washington and how it gets where the rubber meets the road out in these communities,” Clyburn said.

    Take the cash-strapped District of Columbia – which has spent less than half of the roughly $1 billion stimulus it received. The city got $14 million to repair rundown Pennsylvania Avenue. But only $4 million has gone out the door.

    continue reading —
    http://www.cbsnews.com/stories/2010/08/16/eveningnews/main6778654.shtml

  3. http://www.upi.com/Business_News/2010/08/14/Much-stimulus-money-remains-unspent/UPI-74551281801439/

    Detroit, with 14 percent unemployment, had spent just 1 percent of its nearly $9 million in stimulus funds by June 30, and Phoenix has spent even less of its $15 million, the report said.

    At the end of July, almost 18 months after the stimulus was approved, more than half of $275 billion for infrastructure improvements and healthcare remains unspent, the Post said.

    However, officials said the spending is on track, and that 70 percent of the stimulus money will be spent by the end of September.

    “Some stuff is taking a longer time to have an impact. … the fact that we still have dollars coming online now should not be seen as a negative,” John Irons of the Economic Policy Institute, said in the report.

  4. I think this is where you got the 1/3 figure —

    The Obama administration has paid out less than a third of the nearly $230 billion allocated to big infrastructure projects in the economic-stimulus program.

    Some may have taken out the specifics and just repeated what fit their agenda better.

  5. White House economist Jared Bernstein, in an Aug. 11 blog post, said that when Republicans call for a halt to stimulus spending, “they’re essentially talking about taking away middle-class tax cuts, leaving unemployed workers unexpectedly high and dry without an unemployment check, halting road and bridge projects and leaving them unfinished, leaving contractors unpaid for the work they’ve already done and more.”

    http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748704532204575397061414483040.html

  6. tosmarttobegop

    I do realize that if the need is actually 30 trillion dollars to bring the economy back to where it was.
    The amount that has been set aside is very much a short coming and can feel unaffecting.

    I guess the Conservative in me is coming out, there really does not seem to have been a good deal of thought given to what would be the most effective uses. Now the real problem that needs to be address is not money.

    Solving the problem of confident in the economy would solve a good deal of what is wrong and continuing the plight. Until that is solved all the money printed and thrown to the winds would not correct it.
    Don’t get me wrong, I do not buy into the phobic non-sense that is being put out about business is holding back out of fear of the new regulations and adding of taxes.

    Those might play a little part in it, but sorry no one is holding off being a millionaire because of the tax rate they would pay! Neither is anyone allowing their businesses to go under because of those ether.
    It is because like me, I do not just think once about what I buy I am thinking three times about it.

    It is a self fueling peril, fear of spending money is causing the economy to get even worse then when that fear was caused in the first place.

    The truth is that no matter how much money is printed or spending from the Government it can not take the place of the private economy.

    It will fall short and end up actually prolonging the fall.

    Until people once again start buying and what is worst is that for now the most buying will be of products and things that will not go to improving the U.S. economy.

  7. indypendent

    But what about if the states run by Republicans are the ones who are not spending their stimulus money?

    Does anyone know who is in charge of spending federal stimulus money? Does that task fall to the specific state governors?

    If so, then perhaps partisan politics is what is going on behind the scenes and that is why not alot of the stimulus money has been spent.

    Correct me if I am wrong, but weren’t some of that stimulus money predetermined to be spent at a later date?

    I don’t know – I am just asking.

  8. tosmarttobegop

    To be honest I would not be surprise if that was the case with some Republicans Governors.

    After the Cons took their stand with the unemployment extensions the consideration as to the effects on average people.

    It is not out of the possibility that they would submarine their States for a partisan point.