AP reported yesterday that a lot of these "shovel ready" projects paid for by Obama's so called Stimulus Plan, are not helping the area's with the highest job losses. Why on earth is anyone surprised? Shovel ready projects and unemployment were never tied together. A state's plans to develop roads x, y, z, were based on how soon they could be started. Never ever did the consideration of where is the highest unemployment come into the equation. So, now money is being spent willy nilly where it isn't needed.
This isn't the only area where I see Stimulus money not hitting the mark. These shovel ready projects are all construction. What about areas that have high white collar unemployment? How will construction on the Brooklyn Bridge benefit an unemployed Wall Street banker? Not to mention that most of these construction jobs are union jobs, so forget anyone who does not belong to one of them.
I always found Obama's economic recovery ideas, silly and simplistic. To me, they always sound like promises made by a class president, rather than the President of The United States. For example, Obama tells us that this vast sum of Stimulus money has to be watched over by Joe Biden (LMAO) and John Q. Public. This is BS of the first order!
How on earth are you and I suppose to identify a project that is being paid for with Stimulus money? I could not begin to tell you if a road project is being paid for out of normal state coffers or Federal Stimulus dollars. Even if I could identify the difference, how on earth can you tell if the money is being wasted or not? Did any of us get to review the contracts? Will any of us know about cost overruns before they happen? How can we tell if someone is skimming off the top?
The Obama administration set up http://www.recovery.gov/ in order for you and I to track how the money being spent. The site provides a long list of places to contact if money is being wasted through fraud or abuse. This sounds lovely on paper, but in reality, we will never know about waste, fraud or abuse until AFTER it happens. So in other words, this is the same old Washington same, now with glitzy new smoke and mirrors.
I have zero confidence in any of Obama's economic plans. I don't believe for a hot second that massive borrowing and spending will serve us well in the long run. I scoff at the idea that massive spending on education, cap and trade and universal health care will create a stable economy that is resistant to recessions. I utterly laugh when Obama made a big splash over pinching a measly $16 billion from his humongous $3.5 TRILLION budget. If common sense ever made a come back, Obama's economic ideas would be laughed right out of town and rightfully so!
So sit back people and get ready to see wasted tax dollars like you have never seen before!