So What About the Job Stimulus Money?
By Barbara Poole
The Associate Press reports today that the job stimulus money created to support road projects in the US has barely impacted the rate of unemployment and done virtually nothing to help construction companies. President Obama is asking for another 75 million for a second stimulus money from Congress for more road and bridge building. Is this not like the fairy tale called the Emporer’s New Clothes? In the story, a foolish Emporer stands in front of a mirror in his underwear, only to be told by his tailors how becoming his new set of clothes are to him. Dumping billions of dollars into programs with little or no accountability on the part of agencies who receive the funds is fundamentally flawed. Dumping money into funding for short term relief (and when will the relief come? On the THIRD round of funding?) Continuous spending to band aid a problem with no long term strategy would be a flunking B-School paper.
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