07.31.2010 0

Recovery Summer and Stimulus: The Effects State by State

  • On: 08/24/2010 21:06:08
  • In: Economy
  • By Adam Bitely

    Over the next 10 weeks, we will be examining the impact of the “stimulus” and “Recovery Summer” state by state at NetRightDaily.com. So far, the data we have examined indicates that the “stimulus” has been a complete and utter failure. Almost all 50 states have been negatively impacted.

    Even further, the claims from the Obama Administration that the recovery would have been worse without the Recovery Act are ridiculous in the face of their own data.

    What is clear after over a year and half of “stimulus” is that America is no further ahead, and rather, is further behind than it was. In almost every state that we have examined, unemployment has increased and the labor force has shrunk. This is hardly what Americans expected when the “Recovery Act” was made the law of the land.

    For instance, check out California. Since January of 2009, the unemployment rate has increased by 2.6 percent, going from 9.7 percent to 12.3 percent as of June 30, 2010. That is an incredible increase for a state that has had over $23 billion of “stimulus” money spent inside of the state.

    Also, take a look at Colorado. In Colorado, there has also been an increase in unemployment. As of June 30, 2010, the unemployment rate has increased by 1.3 percent, from 6.7 percent in January of 2009 to 8.0 percent in June of 2010. The state has also seen an incredible amount of “stimulus” spending to the tune of over $4 billion — an immense amount of money to “save or create” only 17,000 jobs, as the Administration claims.

    And today, we look at Joe Biden’s home state of Delaware. Surprisingly, even in the home of the “Recovery Act’s” godfather, the “stimulus” seems to have had no effect on the economy. On the lighter side, on the “Summer of Recovery” map, they misspelled Delaware! Just click on Delaware and you’ll see what I mean.

    So please check back each day over the next 10 weeks as we reveal the effects of Obamanomics on each state. Each morning, Monday through Friday, we will release what we have discovered in each state. You can find the results that we have already posted at NetRightDaily.com.

    Adam Bitely is the Editor-in-Chief of NetRightDaily.com.

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