15% is about all you can count on from the nearly $800 billion to create jobs. That is the portion going to public works projects that can be started right now.
Yet, the White House says California can count on 396,000 jobs in the next two years. That’s a long time to hold your breath so don’t.
It’s not that all the spending is bad. We badly need retrofit of bridges and lots of road work in the country – at least spending on public works we actually can see where the money goes and get something in exchange. But the majority of the spending will probably not create new jobs. It might help some people stay employed but more likely it will be frittered away while government talks about how to spend it. “It was there. I swear. I don’t know where it went. We kinda just mixed it in with the other money.”
A recent poll asked . . .
How effective will the $787 billion stimulus plan be in reviving the economy?
|
It will help a lot |
8% |
These respondants were in mental homes. |
|
It will help, but more will be needed |
25% |
We know at least more will be asked for. |
|
It’s not nearly enough |
17% |
Trouble is, we don’t have enough. |
|
It costs too much |
49% |
Wow! Most Americans are not asleep! |
Total responses to this question: 48309
Tighten up the perimeter folks, there is worse to come.
Tags: Obama, stimulus plan
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