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$4,800 for everyone
January 15, 2010 - Blaine Hyska
I hate to be a stick-in-the-mud with this stimulus thing, but I’ve got some reservations. How are we going to pay back the deficit when we’re not creating or saving jobs?
I’m no economist, but what happened to that “crazy” idea of handing everyone a few thousand dollars? Wouldn’t that have done as much good as what we’ve accomplished so far?
Nonsense, the suits in Washington said. That amateur idea is senseless. Give the money to those guys instead, they said. It’s certain to work.
And sure enough, those guys (not you or I) got the money. Heaven only knows where it’s at now.
Even the experts are worried. A new analysis by The Associated Press shows that the first “shovel-ready” transportation stimulus plan has had no effect on local unemployment.
Local unemployment rates rose and fell regardless of how much stimulus money Washington poured out for transportation, the AP said.
That’s pretty scary when the Washington suits are counting on those added paychecks to start chipping away at the deficit.
To be fair, studies have indicated that the stimulus money has produced some jobs. Those government programs, which include a $700 billion bank bailout program and the $787 billion stimulus, have helped ease the recession, the AP said. A Rutgers University study says that those stimulus efforts have slowed the rise in unemployment in many states.
But was it worth it?
Let’s see. The Census Bureau estimates the current U.S. population at 308,474,365. Divide the $1,487,000,000,000 in the stimulus package by the population, and you get a check for $4,820.49 for every man, woman and child in the country.
Call me silly, but I’m guessing an extra $4,800 for everyone would have meant a lot more to the local economies.
Especially since we’re all going to have to pay it back anyway.
The best part is we would get to spend it any way we wanted.
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