Comments on: Wanted: media reports on stimulus pork spending – Updated

By: skatejj

skatejj — Tue, 27 Jan 2009 15:39:37 +0000

If they want to snap the economy back this is how they should do it.give each person 125,000 dollars,they will take it and put it in the banks,they will shop,start new business,purchase new cars payoff debt,and most of all help the housing market.Thats Stimulus.Plus it is cheaper. Give us the American People a new start too. That will make everyone happy.What a day that will be.

By: Erik from WH

Erik from WH — Sun, 25 Jan 2009 23:36:59 +0000

Well here is the worst usage. I guess this isn't really bailout money, but the Fed are buying US treasuries. They created $1.2 trillion since September, they refuse to say where it went. My guess is to BOA and to buy US treasuries. This is what Zimbabwae does to fix their crisis, they buy their own debt. Of course this creates massive inflation but what the hell.

http://www.marketskeptics.com/2009/01/feds-us-tre…

By: gillie28

gillie28 — Sun, 25 Jan 2009 21:19:31 +0000

One more, then I'm done! From the Daily Citizen:

http://www.daltondailycitizen.com/opinion/local_s…

The Big Stimulus plan envisioned by President-elect Obama continues to take shape, and more folks keep showing up with their hands out.

The U.S. Conference of Mayors visited Capitol Hill recently, wish list in hand. In this case the wish list took the form of more than 11,000 “infrastructure” projects valued at more than $73 billion.

But don’t kid yourself that these projects are of any measurable importance to the nation as a whole. It is a mammoth grab bag of pork barrel projects.

How about $20 million for a sports complex in Henderson, Neb., or $15 million for the Midway Park Family Life center in Euless, Texas?

By: gillie28

gillie28 — Sun, 25 Jan 2009 21:04:13 +0000

Here's another extract from an article from a Florida paper:

http://www.tcpalm.com/news/2009/jan/19/19sstimulu…

MARTIN COUNTY — Before Congress starts to debate President-elect Obama's $775 billion to $1 trillion new deal to boost jobs and revive the economy, many Treasure Coast governments already have their hands out.

County and municipal governments in Indian River, Martin and St. Lucie counties have submitted ambitious laundry lists of projects to groups such as the League of Cities and U.S. Conference of Mayors worth more than $1 billion.

By: gillie28

gillie28 — Sun, 25 Jan 2009 20:58:56 +0000

This was from a report from the Kansas Board of Regents. What was astonishing was the itemized amounts they have ready to go. It's 19 (Adobe) pages long, and I put the final total from the last page:

http://media.lawrence.com/news/documents/2009/01/…

KANSAS BOARD OF REGENTS

FEDERAL STIMULUS PACKAGE PROJECT LIST

JANUARY 12, 2009

Grand Total All Institutions 439,673,000