Friday, April 2, 2010

A Political Stimulus, Not A Job Stimulus

This analysis of data by congressional district indicates that the stimulus money expended bears no relationship to areas of job loss and heavily favors Democrat districts over Republican districts. Indications are that the delay in expenditures is meant to coincide with the November elections. Could the Democrats possibly be engaging in Chicago politics and trying to buy the vote?

Excerpt: On the other hand, I can tell you what factor was not a part of the allocation decision: the level of unemployment in each district or the deterioration of unemployment in each district. In other words, unemployment levels didn’t matter. That’s not what the money was supposed to address. Or was it?

The districts where unemployment increased the most during the recession aren’t receiving more money than the ones that were hit more lightly.

Read article with data here.

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