Monday, January 11, 2010

FOXNews.com - More Stimulus? Analysis Finds Funds for Roads, Bridges Has Had No Impact

FOXNews.com - More Stimulus? Analysis Finds Funds for Roads, Bridges Has Had No Impact: "regions and states that received ample stimulus funding for building roads and bridges had equally high unemployment rates as areas that didn't get cash from the $787 billion recovery package signed in February of last year, a new Associated Press analysis found."

"Part of the reason for the minimal impact is the small percentage transportation spending consumes in the nation's $14 trillion economy -- even with "shovel ready" projects ready to go.

"It would be unlikely that even $20 billion spent all at once would be enough to move the needle of the huge decline we've seen, even in construction, much less the economy. The job destruction is way too big," said Kenneth D. Simonson, chief economist for the Associated General Contractors of America."

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