Saturday, August 15, 2009

The Surge: Porkulus style Pt. II

There’s good news and bad new with respect to porkulus today.

First, the bad news:

Stimulus bill spending has slowed to a trickle, despite President Obama's June order to his Cabinet to speed it up.

The average stimulus spending per week has dropped severely, to just $4.2 billion over the past month from $9.7 billion during the prior four months. The government spent $2.9 billion in the week ending Aug. 7.

Now, the good news:
Stimulus bill spending has slowed to a trickle, despite President Obama's June order to his Cabinet to speed it up.

The average stimulus spending per week has dropped severely, to just $4.2 billion over the past month from $9.7 billion during the prior four months. The government spent $2.9 billion in the week ending Aug. 7.

Recall how back at the beginning of July, the President, responding to criticism that not enough porkulus money was being spent, boldly announced that the time was right for the porkulus spigot to be opened full throttle, flooding the land with tax payer money
President Barack Obama announced Monday that he is ramping up stimulus spending exponentially in the next three months, allowing the administration to “save or create” 600,000 jobs — four times as many as during the first 100 days since he signed the bill.

“We’re in a position to really accelerate,” Obama said, unveiling plans to boost spending on national parks, summer youth jobs, veterans medical centers, police and teachers.

We’re not sure about your math but porkulus spending shrinking by over 50% doesn’t square with the President’s math.

But as we inferred, the less money that is spent on this hopeless program means less money that is spent and more money that we can potentially recover if porkulus is ever put down.

Remember, folks, these are the same people that want to manage your healthcare.

H/T: Hot Air

No comments: