DOW closes below 8000.
Posted on 07/10/2009 8:11:41 AM PDT by Oldeconomybuyer
Signs with the American Reinvestment and Recovery Act logo are plastered at stimulus-funded construction project sites around America. The costs of these signs -- some of them reaching into the thousands of dollars -- are drawing sharp criticism from one member of Congress.
"The folks who support the stimulus package, basically this administration, want to get out there and blow their own horn with taxpayers' money," said Sen. Judd Gregg, R-N.H. "I mean, they have a lot of campaign money. Why don't they use the campaign money?"
The costs of the signs are adding up for some states. New York alone is spending about $1 million on signs, and in most states, the signs are made before projects are started. While New Jersey has used only 3 percent of its designated $650,000,000 in stimulus money for road construction, 5 percent of what it's spent has gone to signs -- at a cost of $12,000, or 240 potholes.
New Jersey has awarded more than $270 million in stimulus projects, but so far has spent only $225,000.
(Excerpt) Read more at abcnews.go.com ...
We won’t forget who helped carry the Democrat’s water when this stimulous atrocity was making its way through Congress, ABC.
It’s going to be a long hot summer for investors.
But installing signs is a “shovel ready” project. Shouldn’t we just call for billions of sign erections - it would be a BIG boon to the economy, boosting sign manufacturing, and all those signs putting sign digger/excavation workers to work.
I need a t-shirt with this posting on it!
But installing signs is a “shovel ready” project. Shouldn’t we just call for billions of sign erections - it would be a BIG boon to the economy, boosting sign manufacturing, and all those signs putting sign digger/excavation workers to work.
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Of course the obvious question begs that no libtard wants/dares to answer: Then what?
I know you’re kidding. These piecemeal jobs will not alter the true economy. They will not innovate nor create permanent economic growth/wealth.
Do those shovels come with hip waders?
Isn’t if funny, the demsocs who said they didn’t believe in
“Trickle down Economics” under Reagan think they can stimulate the economy by thrickling down stimulus money by filtering it though government projects.
Why didn’t they just give it to the people?
Answer, they want to use it to enforce government first,
if some seeps through to the economy that’s all well and
good, makes better propaganda that way.
I would highly suggest reading this article entitled:
California’s Nightmare Will Kill Obamanomics
http://www.bloomberg.com/apps/news?pid=20601039&sid=aTKrn1jUJwdE
We can only hope and pray!
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