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State and Local Stimulus Monies, drip....drip...drip..........

By jimstaro - Posted on 15 August 2010

Big chunk of economic stimulus yet to be spent by state, local governments

August 14, 2010 - As Americans puzzle over why the economic stimulus package enacted more than a year ago has failed to restore vigorous job growth, one explanation has emerged from new reports: A lot of the money is not yet out the door.

Detroit is struggling with 14 percent unemployment, but as of June 30 the city had spent less than 1 percent of the $8.8 million in stimulus funds it received for energy-efficiency initiatives. In budget-strapped Arizona, Phoenix has spent even less of its $15.2 million, and in hard-hit South Florida, Fort Lauderdale has spent $66,000 of its $2 million.

The $862 billion package was divided roughly in thirds among tax cuts, aid to states and the unemployed, and investments in infrastructure, health care and other areas. The first two have delivered most of their boost, but much of the investment spending is moving far more slowly. At the end of July, nearly 18 months after the stimulus passed, more than half of the $275 billion in investments had yet to be spent.

Underlying the slow pace is a defining tension: Officials want to get money out the door to jolt the economy but want to spend it carefully enough to meet long-term policy aims -- and avoid headlines about waste or fraud. {read more}

It's very easy to see if one does just abit of searching in your state. Rarely seen are jobs tagged to the stimulus on any job board. Your state may be doing what NC is, on their employment security commission board they have a notation that jobs are highlighted in color in the list, rarely is there a job listed, throughout the state, highlighted as connected to recovery funds, most of the ones that are have nothing to do with infrastructure or related.

Add in the states that may have a political reason for slowly, very slowly, doling out the funds and in a way to create jobs not just fund what was in their budgets but having no cash for, that's the state of this Nation now!

This is an article you really do not want to skip reading. Here's some home-brewed "shock & awe" treatment the govt would probably prefer to call therapy. It's not about economics per se, but everyone familiar with the crisis in the Gulf and for the population of the Gulf coast states knows that there's definitely an aspect of all of this that definitely is about a very serious economic impact, crisis.

"Gulf Health Problems Blamed on Dispersed Oil"

by Dahr Jamail, IPS, Aug 12, 2010

Because there are overall few articles on this crisis posted at this web site, I figured that adding the link to this article in a post in this page on the economic crisis in the US would be suitable. And it does seem fitting enough given the first paragraph of the article excerpted from by jimstaro.

Quote: "As Americans puzzle over why the economic stimulus package enacted more than a year ago has failed to restore vigorous job growth, one explanation has emerged from new reports: A lot of the money is not yet out the door".

Govt inaction! In the case of the Gulf crisis, however, there is some govt inaction, but there's extremely evil action, as well; and it is, or both are, for corporate interests.

Quote: "Underlying the slow pace is a defining tension: Officials want to get money out the door to jolt the economy but want to spend it carefully enough to meet long-term policy aims -- and avoid headlines about waste or fraud".

That seems laughable for reason given the wars. The waste and fraud in the case of the wars is okay, because the rich financial elites, MIC, and so on profit from this, always; as former USMC Major General Smedley D. Butler said in his book, "War is a Racket". Helping to fund jobs, now that's just not a profitable investment of, well, not their money, rather US taxpayer dollars, but the ruling elites think it's theirs to do with as they please and the always seek to please only themselves.

What the hell is going on with holding back on this job-creation funding? Is it related to some additional financial elite, bankster, ... scheme, or what?

With the Gulf crisis we know the extreme toxic chemical dispersant is used only to try to protect BP, Corporate America, while many Americans along the coast will seriously suffer, in addition to those who already are seriously suffering because of the chemical dispersant being used to cover the tracks for BP. We know funding is not being used to handle the crisis the way it needs to be and could safely be.

Is there are common denominator, say, between these two stories, at all? Is there the Corporate America rat or corruption again involved, as usual?

Quote: "Now that they've probably destroyed the tourist, shrimping, and fishing industries along the Gulf Coast, we'll be hearing about more "stimulus packages" that will make what money we do have even more worthless as it enriches the Cartel's Wall Street".

That's from:

"Who Killed The Gulf?", by J. Speer Williams, July 22nd, and I got the link to this article from a recent article by either Stephen Lendman or Dahr Jamail.

A fair amount of that article is about the International Monetary Cartel that owns and controls a lot, let's say, albeit an understatement "a lot" is. But more of the article is about the Gulf crisis in terms of the killing of it and what will be of people in Gulf coast states, possibly the whole eastern part of the country, in a worse case scenario. He explains how toxic corexit is and the last third or so of the article has information about quite a number of safe ways with which the crisis could have been handled; even one or two ways with which the oil could've been collected and transformed into safe organic matter with microbes that consume oil.

It's definitely a very interesting and welcome article environmentally speaking, while the rest is about bogus US politics that have been causing the crisis to be extremely bad, and why this bogus politics has been and is going on.

That part has to do with economics, a very ugly kind; economics of the top financial predators.

It's very much the same sort of thing former USMC Major General Smedley D. Butler wrote about and opposed, once he really became aware of it or his beliefs were confirmed.

Re. the text quoted at the start of this post, it's possible that the reason the job-creation and unemployment assistance funding is being withheld only because of politicians and govt officials doing the bidding of top financial elites. It'd make sense, for withholding this funding like this otherwise doesn't make sense. I believe that the argument that they want to be careful in order to avoid waste and fraud is bogus. I think they're lying.

I'll quote two other things in the article.

To reiterate, our world is in the death grip of something known as the International Monetary/Banking Cartel, the fountainhead of all international monopolies that are protected by the laws and militaries of the major governments of the world. The US government, with her perfidious politicians, has led in the defense of this Cartel, beginning sometime after President Lincoln's assassination.

Lincoln said, "Corporations have been enthroned. An era of corruption in high places will follow until wealth is aggregated in a few hands and the Republic is destroyed."

"It's a tightly knit, highly effective machine, that combines military, diplomatic, intelligence, economic, scientific, and political operations. Its preparations are concealed, not published. Its mistakes are buried, not headlined. Its dissenters are silenced, not praised. No expenditure is questioned, no rumor is printed. No secret is revealed." These were the words of President John F. Kennedy regarding this diabolical cartel before he was assassinated by them.


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