Article Image
News Link • Obama Administration

Would a Stimulus by Any Other Name Smell More Sweet?

• Pro Publica
 The White House is plowing ahead with a second stimulus, reports Time magazine’s Michael Scherer. 
 
Meanwhile, how effective has the Obama administration’s first stimulus been? 
 

The White House also released a second report (PDF) today, called “Recovery Through Retrofit,” which highlights the $80 billion in stimulus money for “projects related to energy and the environment.” The New York Times’ Kate Galbraith summarizes the report, which lists recommendations that Vice President Joe Biden called “a blueprint that will create good green jobs.”

Speaking of reports, last Thursday, the government released the first batch of reports from contractors that got stimulus money. The reports were meant to detail how that money was spent, but according to CNN Money, they were “filled with mistakes,” including an apparent hundred-fold exaggeration of how much a French vaccine manufacturer, Sanofi Pasteur, received from the Department of Health and Human Services. The number reported on Recovery.gov, the official stimulus Web site, was $1.4 billion; the actual value, according to HHS, was just $10.4 million. Well, it’s not like anybody saw this coming.

2 Comments in Response to

Comment by Keith Cyrnek
Entered on:

Does that mean 7-8 trillion were from the Republican party?

Comment by Asel Wood
Entered on:

How many tax $$$$$$$$$$$$$$$$$$$$$$ does it take to cover up Obama's many mistakes and mistakes of the Democratic Party? 3 trillion, foe, or moe?


Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:

Purse.IO Save on All Amazon Purchases