Over the next 10 weeks, we will be examining the impact of the “stimulus” and “Recovery Summer” state by state at NetRightDaily.com. So far, the data we have examined indicates that the “stimulus” has been a complete and utter failure. Almost all 50 states have been negatively impacted.
Even further, the claims from the Obama Administration that the recovery would have been worse without the Recovery Act are ridiculous in the face of their own data.
What is clear after over a year and half of “stimulus” is that America is no further ahead, and rather, is further behind than it was. In almost every state that we have examined, unemployment has increased and the labor force has shrunk. This is hardly what Americans expected when the “Recovery Act” was made the law of the land.
For instance, check out California. Since January of 2009, the unemployment rate has increased by 2.6 percent, going from 9.7 percent to 12.3 percent as of June 30, 2010. That is an incredible increase for a state that has had over $23 billion of “stimulus” money spent inside of the state.
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