Posted on 03/23/2012 10:33:17 AM PDT by Bobbys1963
When President Obama signed his economic stimulus plan into law on February 17, 2009, he promised it “includes help for those hardest hit by our economic crisis,” and “As a whole, this plan will help poor and working Americans.”
But the newest data on how the stimulus money was given out across the 50 states and the District of Columbia shows a perverse pattern: The states hardest hit by the recession received the least money. States with higher bankruptcy, foreclosure, and unemployment rates got less money. And lower-income states also received less.
Rather than helping out those in the toughest shape, it looks like Democrats ended up helping their supporters, including unions and many very wealthy supporters.
According to the Obama administration’s Recovery.gov, a total of $504 billion of federal contracts, grants, and loans to states and territories were awarded between February 17, 2009, and December 31, 2011. The amounts vary a lot across states, with the very lowest at $978 per capita in Virginia and the highest at $2,495 per capita in Alaska. The District of Columbia is the real winner at a whopping $7,603.
The transfers to the states having the least economic problems were large. The following relationships were statistically significant . . .
(Excerpt) Read more at foxnews.com ...
"Charity begins at home." /S
bflr Bookmark For Later Read.
Uh, communist party coup fund, or Mohams mad dash to darkness..
Under Reagan money was to trickle down. Under Obama, it just stays at the top receiving level. Bring back trickle down economics.
For all the concern about Democrats helping the poor, they were merely in it to help themselves.
The Stimulus was simply a massive partisan wealth transfer -- the largest single transfer in American history.
I am shocked!! /sarc
If the GOP doesn’t HAMMER this 24/7 they are not deserving of the title of major political party.
Welcome to Chicago?
Or welcome to the dictatorship of the proletariat?
PING for later
To stimulate folks.
It is called “Pay to Play”.
The communists meet the Chicago Way.
Gee, there was little or no accountability and the money was given to wealthy Obama supporters. Every knowledgeable person knows that. The MSM just refuse to report it so people are ignorant of the fact.
THE WAS NOT ONE ‘STIMULUS’
THERE HAS BEEN A TRILLION DOLLAR STIMULUS EVERY YYEAR SINCE
THEY LOCKED-IN THOSE DOLLAR AMOUNTS AND KEEP SPENDING THROUGH “CONTINUING RESOLUTIONS”
THAT IS WHY THEY HAVE NOT PASSED A BUDGET IN 3 YEARS- THEY WOULD ONLY BE ABLE TO BUDGET AT 2008 LEVELS PLUS THE NORMAL BASELINE INCREASE
THE WAS NOT ONE ‘STIMULUS’
THERE HAS BEEN A TRILLION DOLLAR STIMULUS EVERY YYEAR SINCE
THEY LOCKED-IN THOSE DOLLAR AMOUNTS AND KEEP SPENDING THROUGH “CONTINUING RESOLUTIONS”
THAT IS WHY THEY HAVE NOT PASSED A BUDGET IN 3 YEARS- THEY WOULD ONLY BE ABLE TO BUDGET AT 2008 LEVELS PLUS THE NORMAL BASELINE INCREASE
They are not a major party. They are a faction of one party system. Winning only gets you a better office in D.C. but the stealing from the people still continues.
The GOP plays the role that the Washington Generals play for the Harlem Globetrotters.
True! AND...both walk around dribbling on the floor.... for your money.
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