Just 13% of the Recovery Fund has Been Used

[berni_mccoy]

Just a note that the Stimulus package has just gotten started. And after just 13% has been spent, it's stopped the hemorrhaging and already had an impact on manufacturing, the housing market and employment.

Only 58% of the funds have been allocated (not spent). Given that only 13% of the funds have actually had a chance to impact the economy, I'd be willing to go out on a limb and say this is probably going to go very well once more of the money is spent. This isn't a jobless recovery. The money is going where it is needed to create jobs: to Main Street.

You can find out more here: http://www.recovery.gov

Here is state-by-state breakdown of how the money is being allocated and how much has been spent: http://www.recovery.gov/pages/textview.aspx?data=homeMapRecipient

And you can see an cool interactive map here on where the money is going and how it is being spent: http://www.recovery.gov/Transparency/Pages/home.aspx

[bluestateguy]

1. It won't be a jobless recovery

I just worry about when the jobs will come back and what kind of jobs will come back.

There were plenty of jobs to be had from 2003-2008: flipping burgers, temping, delivering pizzas, bagging groceries, etc.

But we shall see.

[vaberella]

2. It doesn't seem to matter. People still seem to want Geithner gone.

I'm loving how this stimulus is working It did a lot, while others were screaming nationalise on one end and fail on the other----coming from both Progressive and Republican camps. What I'm seeing is that a lot is being done and and I, for one, appreciate it.