Tag Archives: Stimulus

12,000 Jobs Created

Minnesota is reporting that they have saved or created nearly 12,000 jobs due to the stimulus package. That’s more than 1 per lake, and Minnesota has a lot of lakes!

So, how much stimulus money did Minnesota get? About $4.7 billion.
How much has Minnesota spent? About $1.6 billion.
So, at this rate, how many jobs is Minnesota predicting? 35,000.
And the White House, how many did THEY predict? 66,000.

So, even using their own numbers, the White House and Minnesota is falling short by 47% of the predicted total, or 31,000 jobs.

And the jobs that WERE created? Let’s see:

  • $16.6 million to put 5,800 youth to work over the summer.

So, let’s see.  The state spent $16.6 million to hire a bunch of kids for the summer?  And that counts as a job saved or created?  So, really, what Minnesota is saying is that they saved or created 6,200 jobs.  5,800 high school kids having summer jobs doesn’t count.

Way to go Minnesota!

Money as a Signal

I run another blog that is basically a conversation between a real good friend of mine.  We end up talking lot’s of politics.  And my latest entry kinda sums up on how I feel about money.

I thought it would be good to double post that entry here today.

The Cost of Money

I Wish We Had a Cool Governor

Now, don’t get me wrong.  I don’t have the same feel for the Good Gov’na Purdue that I have for Obama; not even close.  But how nice it is to listen to some of the best conservatives in the country talk about the stimulus package:?

http://www.wral.com/

Louisiana Gov. Bobby Jindal, a likely 2012 presidential contender, has said he would reject a portion of the money aimed at expanding state unemployment insurance.

Notice the level of detail intimated by Jindal.  He is not rejecting all of the money, just that money that speaks to unemployment insurance.

Gov. Haley Barbour, R-Miss., said he was considering a similar move. Taking the unemployment dollars, he said, would force his state to eventually raise taxes when the stimulus money runs out, putting in place what he called an unfair tax on employers.

“There is some (money) we will not take in Mississippi. … We want more jobs. You don’t get more jobs by putting an extra tax on creating jobs,” Barbour told CNN’s “State of the Union’ on Sunday.

Again, very detailed analysis of the package.  These guys know the good from the bad; almost as if they–you know, READ the bill.

Michigan’s Democratic Gov. Jennifer Granholm said there are other states that want and need the new money: “We’ll take it. We’ll take your money.”

States with unemployment rates significantly differ- ent from that of the U.S

States with unemployment rates significantly differ- ent from that of the U.S

Guess who’s state is that highest bar, just left of center?  Yeah, that’s right.  The Great State belonging to Gov. Jennifer Granholm.  That, by the way, is not an accident.

At issue for Jindal and Barbour is a provision in the stimulus bill that could allow people ineligible for unemployment benefits to receive them anyway. That could eventually force a tax increase on employers, both governors have said.

Nice.  So even if the state doesn’t want the money, the Federal Government forces them to take it anyway.  And they have to raise taxes as a result.  How is this legal?

Some Democrats took a harder line at a press conference arranged by the Democratic Governors Association to praise Obama for his leadership on the stimulus. DGA Chairman Brian Schweitzer of Montana and Maryland Gov. Martin O’Malley dismissed GOP detractors as “fringe” Republicans eager to score political points.

“All of us are committed to working with President Obama to pull our nation’s economy out of the ditch that George W. Bush ran it into,” O’Malley said. “If some of the fringe governors don’t want to do that, they need to step aside and not stand in the way of the nation’s interests.”

Sorry, but when you complain of “fringe” Republicans and then say “pull our nation’s economy out of the ditch that George W. Bush ran it into” you lose some all credibility in my book.

The line drew a rebuke from Sanford, the Republican Governors Association chairman.

“I think in this instance I would humbly suggest that the real fringe are those that are supporting the stimulus,” Sanford said. “It is not at all in keeping with the principles that made this country great, not at all in keeping with economic reality, not in keeping with a stable dollar and not in keeping with the sentiments of most of this country.

Finally, Republicans acting like Republicans.

In Related News

This is just the kind of reporting that makes me upset.  How are people to understand what is really going on when our press and our broadcasters continue to deliver this type of information to people.  I have quoted the entire article below:

New jobs part of stimulus package for N.C.

North Carolina could gain 105,000 new jobs as a result of the economic stimulus package, according to a White House estimate released this morning.

The White House said the figure for each state was compiled by analyzing “detailed estimates of the working age population, employment, and industrial composition of each state.”

The release does not provide any details on what sort of jobs would be created.

And in related news, I plan to date Britney Spears.

The Loyal Minority

Many Republicans, conservatives especially, have railed against the stimulus package proposed by either The Chairman or the Democrat party.  The fact is that it contains so much extra spending that we are left unsure what is really meant to be stimulus and what is meant to be long held Democratic pet projects.  Say nothing of the fact that it likely won’t work.

It is a long standing pet peeve of mine for people to continually point out the obvious, the wrong, the bad ideas without coming up with their own.  And so it is that the Republicans have, in fact, come forth with ideas of their own.

For a nice read see this article from Reason.