Where the Stimulus Went and the Economic Headwind It Faces

Source: Dante Chinni, PBS Newshour, Patchwork Nation, August 11, 2010

In the past year-plus the American Reinvestment and Recovery Act has pumped hundreds of billions into the U.S. economy. Yet, the slump continues. Why? Has the stimulus had an impact? Has it made things better than they would have been without the stimulus – a frequent argument of the Obama administration?

With the help of ProPublica, a non-profit investigative news operation, Patchwork Nation has sorted through the first year of ARRA funding and found two things, both of them somewhat disconcerting.

First, when you look at how the money was disbursed using Patchwork Nation’s 12 county types, the places that need the most help have not done as well as some other communities. Second, even taking that “misplaced disbursement” into account, the money pushed into U.S. communities is significant and still sluggish economy suggests a the hole in the U.S. economy is massive.
Related:
Data Show Stimulus Isn’t Reaching the Nation’s Neediest Counties and States
Source: Marian Wang, ProPublica, August 12, 2010

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