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berni_mccoy's Journal
Posted by berni_mccoy in General Discussion
Tue Nov 03rd 2009, 01:37 PM
Just a note that the Stimulus package has just gotten started. And after just 13% has been spent, it's stopped the hemorrhaging and already had an impact on manufacturing, the housing market and employment.

Only 58% of the funds have been allocated (not spent). Given that only 13% of the funds have actually had a chance to impact the economy, I'd be willing to go out on a limb and say this is probably going to go very well once more of the money is spent. This isn't a jobless recovery. The money is going where it is needed to create jobs: to Main Street.

You can find out more here: http://www.recovery.gov

Here is state-by-state breakdown of how the money is being allocated and how much has been spent: http://www.recovery.gov/pages/textview.asp...

And you can see an cool interactive map here on where the money is going and how it is being spent: http://www.recovery.gov/Transparency/Pages...

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