Posted by
Defend America on Monday, November 16, 2009 12:52:41 PM
FREE PRESS SPECIAL REPORT
Billions for state, but where are jobs?
Majority of stimulus awards have brought little help
BY TODD SPANGLER
FREE PRESS WASHINGTON STAFF
WASHINGTON -- Seven months into the massive federal stimulus program, the vast majority of government grants, contracts and loans in Michigan so far have created or retained virtually no jobs, a Free Press analysis shows.
The analysis also revealed that others who have been promised or
have received stimulus money have overstated -- in some cases greatly
-- the number of jobs created or protected.
Obama
administration and state officials say it's too early to draw
conclusions about the overall impact of the $787-billion nationwide
program to stimulate the economy and generate jobs. They promise that
job growth will follow as more funding arrives.
http://www.freep.com/article/20091115/NEWS15/311150005/1318/Where-are-the-jobs-from-federal-stimulus-money?