I recall at the beginning of the process, the stim plan would create jobs because of the state’s shovel ready projects that need funding….remember?…..almost all governor’s said there were many, many shovel ready projects in their state that could use funding and that the stim plan would get those projects up and working……..and especially putting Americans back to work……that was then….this is now…..

As reported on ABC:

Ten months into President Barack Obama’s first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.

Spend a lot or spend nothing at all, it didn’t matter, the AP analysis showed: Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, raising questions about Obama’s argument that more road money would address an “urgent need to accelerate job growth.”

Even within the construction industry, which stood to benefit most from transportation money, the AP’s analysis found there was nearly no connection between stimulus money and the number of construction workers hired or fired since Congress passed the recovery program. The effect was so small, one economist compared it to trying to move the Empire State Building by pushing against it.

So basically, there is NO change in the status quo of the projects and the promised employment has NOT changed in the least.  So if infrastructure projects would be a boom to the economy, why is it not helping?

Basically, because the bulk of the stim money is being spent saving the gamblers on Wall Street….which I have said many times is NOT creating what the economy needs…..DEMAND!